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Vialogy – AGM Tuesday: Time to Junk Terry Bond & Ask hard questions as insolvency looms

Tom Winnifrith
Sunday 27 October 2013

The AGM of AIM Cesspit posterboy Vialogy (VIY) is on Tuesday morning an d having bought £7.50 of shares just so that I can attend I shall be there. Brace yourself Chairman Terry “Junk” Bond I have a few questions and I am not one for taking prisoners.

Just as a reminder: after six years of non delivery the current management team awarded itself a pay rise in 2012. The board cost the company more than four times its revenues in 2012. And most critically of all the company is running out of cash fast. You can read about this in more detail here

Now you may say that a purchase of £7.50 of shares is not a very big trade. But my investment is 100% greater than the total cash investment made by the entire board in all of the recent rescue bail out placings. “Putting money into Vialogy is for other people”

My first question will be for foxy Katy Ratner and (not so foxy) Mark Percy of Cantor Fitzgerald.

on Shareprophets | Comments
About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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