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Anyone have any comment on the status on the 2008 distribution?

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What's the status of the distribution from the 2008 KPMG settlements. I checked the Berdon website and it still indicates awaiting court distribution. Has someone forgotten that VTSS owes a fair sum of money to its shareholders?

Posted by Pac5705 - 4 years ago

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Pac- Good luck in getting a response. I think Elvis (regular posters) has left the building.

You would think after 7 years there would be closure on this matter. Maybe the funds were used by Vitesse management for the good of all shareholders.

Posted by Techinvestor - 4 years ago

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Tech, it looks like one of us needs to turn the lights off here.....
Unfortunately, time and time again we see the pattern of the best technology companies failing to make it profitable as they rely on good engineers trying to be CEO's.... it just doesn't happen...... This puppie's BOD should have brought in a true Harvad MBA type, with no emotionally ties to the products ....who could make hard decisions.... but driven the co to profitability. Someone who they could have held accountable to the shareholders.... oh well... we picked a dud this time around......
Happy hunting to all those on this board, both posters and lurkers... It was fun dreaming that someday VTSS would make it big ....so it's back to the drawing board to sift through my shortlist of software companies ( who continue to deliver growth and profits) as I try to find the next biggie!!!

Posted by Pac5705 - 4 years ago

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Pac- dlog had indicated in an earlier post that the site comes up for renewal this summer- so let's leave the lights on for lost souls that might want to read the history of an American tragedy.

I guess for the diehard Vitesseoids, they can live vicariously through Micro Semi now. Good luck and thanks to all the posters who have invested their time and effort to provide information and commentary on Vitesse through the years.

Posted by Techinvestor - 4 years ago

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Guys, before we go dark does anyone have any knowledge on the status of the 2008 claims? It seems strange that this is still out there awaiting a distribution by the courts.

Through the years we've shared quite a journey with VTSS on this board, so thanks to dlog and all of you for your color and commentaries... and I hope we all have come out of this saga a lot wiser!!

But please can someone shed some light on the final vtss coffin.

Adios amigos!!!

Posted by Pac5705 - 4 years ago

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