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VTSS Investor Forum

BOD Member Buys more Shares

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Form 4 released on May 16 shows BOD member Grant Lyon buying 5000 shares on May 12, at a price of $4.69 per share.

Posted by christ3opher - 13 years ago

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It was probably money given to him under the table from Vitesse, as it gives a good story to us retail "investors".

Posted by OKSPSNOW - 13 years ago

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Little buy back, Oksps isn't that a good thing?? lol

Posted by GARIF - 13 years ago

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Another delusional "investor" no doubt still having visions of wet dreams and the Promised Land . . . good luck to him too.

Posted by G - 13 years ago

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Another BOD member has stepped up to buy more shares.

James Hugar picked up 5,000 shares on May 17, 2011. He paid $4.02 a share and now holds over 45,000 shares.

Sec Form 4 was released on 5/18/11

Posted by christ3opher - 13 years ago | Updated 13 years ago

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This BOD buying smacks of an orchestrated publicity stunt. Both, and I wouldn't be surprised to see more coming, buying the exact same number of shares on nearly the same day. I am sure VTSS has a designated "period" when BOD members can buy stock. But I have seen this type of thing before and it always takes this same form. Usually it comes after a board meeting were someone brings up the importance of all board members owning stock to show they are personally invested in the success of the company. Aren't both of these guys new members of the BOD?

Posted by dlog - 13 years ago | Updated 13 years ago

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Hi dlog,

The two members you are referring to were added to the BOD in 2009. This occured right after the debt restructure took place.

I believe that the two of them have made maybe one purchase of shares each, besides the most recent listed, since becoming members.

Posted by christ3opher - 13 years ago | Updated 13 years ago

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Cynicism can cloud minds to opportunities! internal buys are a good thing but we continuously look for nefarious reasons.

While many continue to look to pasts, i got some at $4.01 a price we may never see again!!!!!!

Posted by GARIF - 13 years ago

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A third BOD member has stepped up to purchase shares.

G William LaRosa purchased 5,000 shares on May 19,2011.

He paid 4.02 for each of his shares and now holds over 29,000 shares.
SEC Form 4 was released on 5/19/11

Posted by christ3opher - 13 years ago

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christ3opher:

thanks for posting these. its good and important information. It is better to have BOD members buying stock than not buying or even worse selling.

Posted by dlog - 13 years ago | Updated 13 years ago

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Kudoes, Garif, on your quick 5% gain. I would have loved to have joined you, but after all these years, I am just too gun-shy.

It just always seem to go down faster than it comes up. And then, I always seem to see the trading opportunities after the fact.

Par

Posted by par4corsfl - 13 years ago

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