VTI, page-6

Have to agree - what are the assets today of VTI? (not including intangible asset values)?

Back of envelope - say $8M cash / 200M shares (all approximates) = todays value
= 4 cents.

That doesnt include options maturing over the next 3 years whilst VTI burn up the cash at the rate of approx. $3M p.a.

Biggest, You made a statement but have no conviction for your position, as you won't post and elaborate what you said last week. If indeed what you stated is true, we are going to see VTI heading down for many more years to come until it disappears or until it makes money in some sideline business, which it desperately is trying to make happen. In the meantime, their mates in China and other places are on the payroll, and as long as no money flows in from their activity, are basically burning up investor funds.

I do not hold VTI stock or options.