Originally Posted by
Cappy
I was one of the first employees at VA and this was something that they did mention. The initial investors were never in it for the long-haul. I suppose they are like "angel" investors that go for the short gain and move on, never really owning anything more than two to three years.
The current investors have had the option to remove their cash since September of last year. I think someone is making more of this than it really is.
One of the things that impressed me was VX's ability to raise intial start-up capital ($225 mil?) and then get $100 mil more a few months ago. Absolutely amazing in this bear market and credit crunch. Your CEO and directors are to be commended. And with that, I don't see VX going away anytime soon. They've got enough cash for at least 12-14 more months of operation, barring an oil spike to $150 again.