And therein lies the problem for me. IF in fact they are allowing this happen by withholding the release of sensitive updates they are basically taking money from mum and dad investors and putting it in the hands of a big corporation. I have a big issue with this. This is not how an ethical BoD operates.
What's next in that case, a major mining company approaches them with a very sweet deal that lines their pockets and screws shareholders, will they accept it and we get shafted. It's happened to me a few times before where the BoD totally shafted their shareholders all to line their own pockets.
Even though it can't be proven if in fact it's happening do we as shareholders call out our BoD and make it abundantly clear this is not acceptable and that we want new board members . For me this is unacceptable behavior but unfortunately very hard to prove. Moving forward I am now questioning my investment in VMS.
There are some that are going to say well good riddance to weak hands, that's not a fair statement. Picture you are an investor who's just put down $50k on VMS believing it will help ease your financial burden in a couple of years time only to see the price crashing back below 10c because of lack of company transparency, panic sets in, you don't want to lose money and so you jump off in a panic because you have no one to get advice from other then HC hacks like us which is fraught with danger. How is that fair or reasonable. It's not. And shouldn't be allowed to happen but it happens all too frequently.
It's a slippery slope when Companies start doing things like this and they can't be trusted. I was hoping this conversation was never going to be had. But here we are.
My morning soap box rant is over but I'm sure those of you out there with ethics understand this is not acceptable behavior if in fact it's happening.
VMS Price at posting:
10.0¢ Sentiment: None Disclosure: Held
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