VTI 0.00% 4.0¢ visioneering technologies, inc.

VTI - Lapse of Options the big issue

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    Of more concern to me is the issue of the recently lapsed options.

    Brian Sheeran let 2.5million 20c options lapse and Bruno 1.625million, at a time when the share price was just over 30c. Easy 50% profit one would have thought.

    In late 2000 Brian Sheeran off-loaded most of his shareholding at a price somewhere in the low to mid 70c just when shareholders were expecting bigger things from Virotec, but the shareprice has gone downhill ever since - so I don't see anything good happening for VTI in the short term now that these well in the money options were forgone by the Directors.

    Just my opinion

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