I have not talked to management, however i have had
a few email exchanges with Yaky Yanay, CFO.
Here is one of them,
To: Yaky Yanay
Subject: Investor queries
Dear Mr Yanay,
Re :Article,
New vision at EVS
15.9.2005 | 15:17
Shirley Yom Tov
Elbit Vision Systems (Nasdaq:EVSNF.OB) had been on the verge of anorexia Now business is picking up, promises company chief financial officer Yaky Yanay yesterday.
For the year 2005 EVS predicts $20 million revenues, double its sales in 2004, "and we don't mean to stop there," Yanay vowed. Growth might be slower than in 2005, he admits, but the company is looking at ways to sustain it.
Meanwhile, EVS has high hopes of its latest investor: Mivtach Shamir Holdings (TASE: MISH ) is buying almost a third of its shares for $6.6 million. "Mivtach's investment is not only financial," Yanay says: what EVS needs is a strong hand to propel it to the next stage, of being a bigger company. Mivtach could be such a hand, with involvement in the management, he suggests.
My questions are as following,
1/Has Shamir completed his buying transaction in EVS?
2/If not, is there an update ? As much as i am aware the purchase
should have been completed by end of November 2005 after Due Dilligence
completion.
Thanks in advance,
..........................................................
EVS promt reply, in 59 minutes time flat,
Subject: RE: Investor queries
Date: Wed, 14 Dec 2005 12:04:00 +0200
From: "Yaky Yanay" <yaky@evs.co.il>
Dear Mr. Calmy,
I would like to suggest that you will follow-up our PRs in the next couple of weeks; I believe that it will brighten the situation. For your convenience in tracking news, I will add your name to the distribution mail list.
Regards,
Yaky Yanay
CFO
.............................................................
Since then, there have been 2 PRs.
I suggest you forward your queries
to him in order to,
a/Check him out personally
b/Receive first hand info
GLTY,
Dubi |
