vti, page-17

VTI is all about enriching their senior company officers and directors. Vti does not even hold a patent for processes which it presumably is marketing. This is anachronistic given that the development of the products is through resources supplied by VTI; however ownership of patents is outside of this company. Licencing of patent rights; protecting those rights from take-over by way of a second incorporated entity is good business practice, so long as the intellectual property was 'paid for' in the first place, by funds derived elsewhere than from the licensee.

Investors should look at the underlying value of the tangible and intangible assets and not be carried away by huge profit forecasts which, based on past performance, cannot be substantiated.

Given recent employee share scheme/optioin issues; it appears the diluted value of the stock should be at a market price of around 18 to 20 cps. But I do not know the 'fundamentalists' valuation of the same.