Is this a death by a thousand cuts ? Any venture that management decide upon will have to be a p*sser because @ 3 billion shares the profits won't be buying you a new holiday house on the beach.
I find it inconceivable that with the board's record of previous screw-ups that anyone would contemplate putting more money into vil's coffers via the recent CR. For those who did, I sympathize but you guys knew (or should have known) management's rep for telling porkies before you handed over even more money. So, on reflection, I don't think you should be bleating about how you were conned, again!
Even with the "pay reduction" management are still getting money for jam. I wouldn't mind $20k per annum for throwing darts at oil & gas stocks in the hope that one of them is a winner. Great work if you can get it.
VIL Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held
