I don't care what they come up with, I will never trust them. Will you?
I stopped trusting when JL made the comment about having sufficient cash and then bought Regal onto the register. Up until then I thought that JL could build a Cyber business, but there was just too many flashing amber lights from that point on. Having said that once I stopped trusting as much, I managed a number of decent (but patient) trades as I adopted a different approach to VOR.
I'm saddened that they couldn't build further on the Cyber business, but that's how it unfolded. I think in time CyberCX will become what I hoped VOR could have been.
For now - I want HD to state things on the record, whilst they are still around.
There's some simple things they could state in the interim:
current cash balance
what they may have to pay for advisory work that was in progress until TH came along
who is on the board of TSI (as it should no longer be JL).
did JL join CyberCX as part of the C10 acquisition?
why did they not see the need to re-value TSI? Are they open to reviewing it?
some depth to what new ventures they have been evaluating, rather than just touching on industry sectors.
provide an ETA on the buyback and some further details
tell us what MacLeod brings to the table as a director
can HD provide some vision and Independence?
I think it's good that a deadline has been put to them and hopefully they respect they are in caretaker mode.
VOR Price at posting:
19.0¢ Sentiment: None Disclosure: Held
