My friend the bear raider Evil Knievil always tells me that if you discover that a chairman or CEO has told one whopping lie, the odds are that he tells lots of lies. And on that basis unless the company has mammoth asset backing and highly visible earnings and cashflows the shares are a slam dunk short. And that brings me to Terry Bond, the chairman of AIM listed Vialogy (VIY) who is – as I shall demonstrate below – someone who just last week told a whopping lie. Since his company has minimal (and fast disappearing) asset backing, and sod all revenues this company is a slam dunk sell.
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