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VTSS Investor Forum

Billy Martin, if you're reading this, the time to act is now!!!

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Billy, hopefully you read this board from time to time. I see you bought more this week at $2.00. Looks like you own about 15% of this company now and are averaging down. Hope your luck at averaging down works better for you than it has for most of us, considering the stock has done nothing but go down for 5 + years.

Under Chris Gardner's "leadership", and the most inept, incompetent board of directors of any semi-conductor company in the world, our stock is now bouncing off its all time low. For over 5 years, we've been hearing about these great new products, design wins etc. Meanwhile sales have been falling faster than the stock price.

I know you're an activist investor from looking at some of your actions with other companies you've owned (i.e. ModusLink Global Solutions), and I'm hoping your activist nature gets busy soon with VTSS.

Us ordinary investors who have regular jobs and for whatever stupid reason decided to make an investment in this company are hoping and praying you can begin to call for changes on this board of directors, and in particular, replace the CEO who Wall Street has no confidence in whatsoever. It appears that they have made this company their own personal piggy bank. It needs to be sold, combined with another firm that actually knows what it is doing. To remain as a stand-alone firm, the only hope is to bring in a top notch CEO. 6 years I would think is enough time for any CEO to show what they can do. Mr. Gardner has not been up to the task. I'm sure he's a nice guy, but just look at the stock price under his leadership. Need I say more!!! He needs to go.

Here's hoping you can be as much of a sparkplug/agitator as your late great namesake was on the baseball field.

Posted by sharpinvestments - 12 years ago

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It is the other Filing that I find most interesting as well as the timing of the purchases. On 7/25 Raging purchased quite a bit of the 8% converts potentially adding another 1 million conversion shares to his holdings. All within a week of the earnings announcement?? I smell something in the wind. I understand that just because he is a big stock holder he doesn't get any information that we don't get - Ha! That's why I don't worry about Whitebox. Kopp, Raging, et al are not going to sit by and let WB steal the company for $15m - they could throw that in the game in the blink of an eye. I hope he is signaling something good is about to happen. We'll get an idea Tuesday.

Satbob

Posted by Satbob - 12 years ago

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Finally getting pre-earnings run today ( $ 2.15 high on 300 + k volume). Another press release ( Design wins in Microwave/Micro-meter backhaul space) to try to excite investors!

Posted by Techinvestor - 12 years ago

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