Turn-key would be a viable option and still not on
Post# of 17653
Posted On: 01/30/2015 9:45:34 AM
Turn-key would be a viable option and still not one that I would be wishing for, but if that is the way he plays it, I will take the 8 cents.
As for Virtutone: they should have taken the buy out when they were offered. Now they are hurting badly at this point of time: check out his latest.
January 16, 2015 – Virtutone Networks Inc. (TSX-V:VFX) announces suspension of operations.
One of Virtutone’s biggest clients based in London, United Kingdom, has not been able to make payments of a total amount of $13.8-million (U.S.) to the company. Virtutone’s management has taken all the necessary steps in order to get payment but so far to no avail. Considering the importance of the amount involved, Virtutone had no other alternatives than to reduce costs to the minimal as well as to lay off all staff, excluding Jason Allen, chief executive officer, as well as William N. Woods, chief financial officer, and is now suspending operations to concentrate all efforts on obtaining payment. The outcome of these efforts being uncertain, there is no guarantee that Virtutone will be able to resume operations. Virtutone’s management is currently undergoing a strategic review of available options and recourses in light of the current circumstances. The company’s management will provide further updates as to progress of the situation and actions to be taken.
That is the last they have stated and have not commenced operations yet.
As for Virtutone: they should have taken the buy out when they were offered. Now they are hurting badly at this point of time: check out his latest.
January 16, 2015 – Virtutone Networks Inc. (TSX-V:VFX) announces suspension of operations.
One of Virtutone’s biggest clients based in London, United Kingdom, has not been able to make payments of a total amount of $13.8-million (U.S.) to the company. Virtutone’s management has taken all the necessary steps in order to get payment but so far to no avail. Considering the importance of the amount involved, Virtutone had no other alternatives than to reduce costs to the minimal as well as to lay off all staff, excluding Jason Allen, chief executive officer, as well as William N. Woods, chief financial officer, and is now suspending operations to concentrate all efforts on obtaining payment. The outcome of these efforts being uncertain, there is no guarantee that Virtutone will be able to resume operations. Virtutone’s management is currently undergoing a strategic review of available options and recourses in light of the current circumstances. The company’s management will provide further updates as to progress of the situation and actions to be taken.
That is the last they have stated and have not commenced operations yet.
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