VSIN, Buy Now!! Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : VSIN, Buy Now!!

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Richard Phillips who wrote (645)	8/30/1998 8:37:00 AM
From: Walter Fabisiak	Read Replies (1) of 796

Richard: I don't think that Larry Carr, Ed Redstone, and Dick Snelling are going to let their million $ plus investments in VSI evaporate. Having three "rich uncles" is one of the few bright spots in VSI's story. Judi North and the Board have got to immediately deal with two major issues. The first one is the convertible debt. Although Judi North didn't discuss it in her press release, apparently $600,000 of that debt has already been converted so the debt holders are in the red now along with the rest of us. A favorable resolution of the debt will take the downward pressure of the stock. The second one is profitability. The expenses are too high and the company has to take some drastic cost cutting action. I have yet to see the company announce any reductions in staff or other specific cost cutting measures. A cost cutting announcement will help convince the investment community that the company is taking actions to survive. Walt

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next