The continued involvement a chairman with such a reputation is baffling to me...
He obviously has some incestuous affiliation with the board that for whatever reason they feel cannot remove him (or surely they would’ve done so already?) Its my understanding he made the introduction in this space. While that was very kind of him, things have changed significantly since. So long as he stays, it goes without saying will always negatively affect the SP due to HIS personal history alone. Those that could remove him are absolutely fully aware, yet to this date, still allow his involvement to the detriment of us here (not to mention themselves as holders). I can only presume they must see value that we do not? Eitherway his lack of removal is inexcusable IMO. While in honesty, (I have never met him & I don't like judge a book by its cover), he has a substantial negative history & a target on his back that I wish would be hit, sooner the better. What appears from the outside as gutlessness on this issue by the board is my only negative regarding Vection.
His removal would certainly be seen as a positive. The reflection on the SP is hard to call, but there would be nothing negative as a result of his resignation or forced departure.
Patience is wearing thing for all involved, (myself included) in this seemingly blaringly obvious issue with what seems a simple resolution. Whether we have an amazing suite of products or not, even with significant take up – his involvement will always hold us back.His removal is mandatory. …Sooner the better.
Even with significant progress on the Vection product suite, confirmed by additional contracts & new signings, the chairmans continued position here is nothing but detriment to everyone, except himself.
Meanwhile, the space of VR / 3D / Metaverse etc continues gain traction and I have no concern with the direction or the progress being made as the constant increase in revenue confirm. Particularly keeping in mind we are yet to see any income from the recent & particularly lucrative Cisco WebEx arrangements. I agree the current m/cap of $60m approx is laughable IMO & well substantially below that of a tech co which (in usual times) with revenue likely to exceed that current m/cap within 24 months time shall forward looking projections continue be met.
In just a few days, the Las Vegas WebEx presentations begin on 12/6. In short time should bring much needed interest to VR1 & also contractual dollars to increase our SP imo. Personally, I cant wait for this release. Its my expectation this exposure will confirm evidence of all the hard work the team has been doing for 18 months now by providing a 100% undeniable working product that can be used, has value in a market that which (while may have fizzled since recent highs), still has significant potential for a relatively low risk, lifechanging investment, not tomorrow, but in time as take up increases.
Board member discussions aside, I do appreciate & recognise the situation where the board are in & cant win either way… in particular with regard to either too much info being released to market (previously) or not enough (recently). I suggest any holders or interested parties that are uncertain to keep an eye on the regular TCV contract updates and the confidence shown in the lack of the ‘pump’ updates vs those we’ve seen previously. Give thought to the behind the scenes progress that we may or not already know about, takes ages to come to fruition, yet is still very much realistic.
All the best to not only holders, also those waiting for the volume to enter / trade as the right announcements present. What cannot be denied is the space we operate in and client take up confirming what we offer is beneficial & cost worthy. Remember as result of CR, theres significant cash still in the bank ready for rainy days, or potential acquisitions (to further add immediate & positive growth) as previous strategic ones have shown. Cheers all
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