VirtualScopics INC II

Now that VS has announced the 2009 2nd Quarter revenues, I had a flash back. I remembered the events of last October.
Once I left VS, I proposed to the CEO that the Board of directors should buy my stock, so I can get some money back from my effort and they can have more control over the stock price. My proposal was not taken seriously so I kept my stock. Then I sold some at the fair market price in March and then I was waiting for the next sale at a good market price. In the mean time I was approached by VS BoD, and they made a very bad proposal to get my stock. I rejected the offer and I continue my life. In September of 2008 I got a new proposal from an unknown client. I listen to the proposal It was better than previous but no great. I wasn't eager to sell, but it seems that the new interested party was willing to get me some cash. After some hurdles, we made an agreement and I sold my stock. At that time I wasn't aware that the interested party was VS BoD. I was a total surprise to me that VS BoD and some other interested parties, were the ones that got my stock. I'm not sure, if all this event was made public to the other VS stock owners or that intention was announced by the BoD to the other interested parties. To be honest I wasn't happy that VS had to made a very elaborated plan to get my stock and that they have to hide their faces to get my stock. This event is just a reflection on how VS BoD behaves and way of thinking.

On the other hand, and coming back to the present, I'm still surprise by the current VS stock price. I still believe that VSCP is overvalued, but the market will dictate that, I'm not longer have a great stock participation, but I still have some shares. I'm hopping that VS share holders at some point realize that the current VS directors hare not that the company need. Anyway, right now I have two other companies to take care: 4Qimaging and IMITEK.