letter from va to shareholders, page-4

I have booked my flights and will be attending the meeting Tuesday 7 April in Sydney. Come on the rest of you! The more share holders that turn up to the meeting, the better chance we have of convincing the Administrators to keep the company afloat, (but with new CEO and Board).

I have lost $1/4m because I believed very strongly that this product was a winner. We can't let it all go now, just because of the greed of the VCR management and their lack of forward planning.

I still can't believe that they have had full regulatory approvals throughout Europe, UK, Australia, and NZ for over TWO YEARS now, and they haven't managed to turn the company into cashflow positive. A pitiful effort considering that they only managed an average in Europe of 2.5 implants PER HOSPITAL, PER YEAR, since the EC tick! Surely the VentraAssist can sell better than that in Europe.

So book your flights and lets get to Sydney and show support for the shareholders plan to save the company.

See you there.