All: My wife & I just returned from a week long Vegas stay. As we've been investors in VLNC since '93, we called & basically just showed up at the door. The receptionist, a young a gal by the name of Christy, chatted with us for about a half hour while Lev was on the phone. She wasn't sure that he'd see us but it turned out he was in a really "super" mood & ended up taking part of his lunch hour to chat with us. First off, he characterized the analysts' visit as very, very positive & said they were "absolutely blown away" & had a great dinner with them at the local hotel. He didn't share a whole lot with us as regards a lot of the questions we all have been commiserating over the past month or so, however. He did say the line in NI ran at full speed without problems & that approximately 270 people are working full tilt at the facility. Seventy of these folks are Henderson people who are there to see that everything runs as it should. I asked him obliquely about money & he didn't answer directly but further on, he did mention some new equipment he ordered & pointedly stated he wouldn't, in a million years, have ordered it if he thought there was a chance of failure. As he did gave us only about fifteen minutes, I read him as a person definitely on a mission & feeling very confident of his company & product. My wife, as we were leaving, remarked that he was a really nice man & easy to talk with (I'd told her he sounded like and characterized as a carmudgeon (sp)}. He did state, tho, that like all start up companies, there definitely is still risk involved but that he felt the company was well on its way.
If I can think of any other pertinent info as I collect my wits from a week of Vegas, I'll post.
Dennis |
