GREY:SMDWF - Post by User
Post by
Vantechie76on Sep 03, 2016 1:17am
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Post# 25205206
RIP VID
RIP VIDThis has been a long time coming. I haven't posted on this board in quite some time because I left VID for dead long ago. I lost money on this deal along with many others. There were a few who made money on a couple of pumps but pretty much everyone posting here is in the same boat. But you guys need to give it a rest. Any look at their financial statements would reveal huge debt and low cash persistently. The company was constantly raising money. We were told it was on the verge of great things. Maybe true or maybe not but it had potential. Nevertheless it was a highly speculative venture stock. Anyone upset about losing money on it has only themself to blame. From all accounts George Fleming was a horrible CEO but I don't think he's a crook. Lessons learned here: don't believe stock promotors and IR. Look at company fundamentals, understand the market forces at work, and do your own due diligence. Dont rely on these boards!