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Virtutone Networks Inc V.VFX



TSXV:VFX - Post by User

Bullboard Posts
Comment by cqfdon Dec 22, 2014 3:56pm
121 Views
Post# 23257232

RE:RE:RE:RE:Hmmmm...not a good feeling

RE:RE:RE:RE:Hmmmm...not a good feelingKnickman, I respect your opinion, but I do not share it. Yep, Jason is a salesman and he did make mistakes. However, he did grow the business to the point that it's now profitable. As for the SMS business: "One of the key goals of the company is to increase their margins going forward by providing value-added services. In January 2014, the company announced its plans to add SMS to its wholesale services. Management estimates this business line will able to produce much higher gross margins (up to 20%), as there is very little competition in the regions targeted by Virtutone. The company recruited Harold Baxandall, a 33-year veteran of Telus Corporation, to launch its wholesale SMS division. However, management subsequently disclosed that after the division’s launch, it became clear that seeking to diversify into SMS would be best done by acquisition. Since then, Harold Baxandall and Virtutone management have been evaluating several acquisition opportunities to add value-added services to customers" Ref: Fundamental Research report. Sorry to see you go, but that's life. Best of luck with your other investments. Cheers CQFD
Bullboard Posts