going once going twice

Gone the management team with the lowest bid!!!

It doesn't surprise me that they are having problems find investors. These so called "management team" have been "running a business" in isolation ignoring PR, cultivating sophisticated investors and adopting a cone-of-silence approach on any news.

All of which helped to drive the SP down to a point where there is just no confidence at in the company (not the device, just the company and its management).

The chickens have come home to roost!!!

There is an old investing rule that says "invest in companies with a strong management team". Now we have a good example of how accurate this rule is.

If they can't raise the required funds, then there is a very good chance that it will be subject to a take-over.

From an acquirer point of view, VCR have sufficient funds to take them through to the "early look-in" on the results (they can do this now as they need 98 implanted patients). This should confirm/consolidate the efficacy of the device. So anyone wanting to acquire this company, will be able to get it for DIRT CHEEP!!...Because by then, they will be cash-starved and will have to bend over backwards to accommodate the buyer.

One good thing that will come out of it, the dead wood will be gone - you can bet on that!!!

The bad thing is, our stocks will not be worth a fig!!!!

What a shame. Good luck to all investors.