Jeff, I hope your are right, but to me the most annoying thing is that VARL lets this go on as a gray area. They have had plenty of time to in form shareholders of what happened and why. Let's come clean now. Whether share price rises or not, they seem to have done a very poor job of keeping their books. I don't think it's a question of timing with these lost revenues, it's a matter of booking sales that were never made. Now, years later, it comes out. So, what else have they booked that has not been true? How can we trust them if they don't do a better job of clearing the air about this issue?
Regards,
Mark
PS The market for their product looks strong. If I thought the people who pulled this were gone, I wouldn't question it at all. In fact, even if they stay, the company will probably book great revenue growth. It's hard to know what to think. |
