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The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.

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Message: Mgmt Shows Signs of Anti Dilution & Willingness to Buy VIT stk.

Mgmt Shows Signs of Anti Dilution & Willingness to Buy VIT stk.

posted on Aug 30, 2008 05:28PM

Recent correnspondence with Chad Williams, President and CEO of VIT, reveals the fact that he purchased 100,000 shares of VIT @ 1.18 - the only time that he was not restricted from buying VIT's stock. Furthermore, it was revealed that Chad recently turned down a bonus and stock options. He stated that he turned down the bonus and stock options "because of our share price performance EVEN THOUGH the matter is largely out of our hands (market malaise coupled with monster selling) and we have been working hard to add value every day".

Also you should keep in mind that Chad took a substantial pay cut to join VIT and that he personally purchased 700,000 shares of VIT's stock when he joined VIT.



The most important conclusion you should come to regarding the above comments, and prior comments that I have made regarding my opinion that management should be buying their own stock as a sign of their confidence in the future of this company, is that management is on the same side of the investment table that we are on. They are not putting their interest in front of ours. The management team and their employees are all enthusiastic about the future of this company.

I know their are a number of doubting "Thomas's" out there, but they really don't know the facts.

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