Re: A Shareholder's Year-end Report - DJ Comfort
in response to
by
posted on
Dec 27, 2008 07:32AM
DJ,
You asked, "I hear you say this alot[sic], that you heard or discussed information with an employee of the company but can't diffuse it to the shareholders here. How is this not then insider information that you shouldn't be receiving yourself?"
There are no regulations that I have ever heard of that prohibit a shareholder from doing due diligence by talking to employees of a company in which he has invested and learning as much as he can in other ways about the activities of a company in which he has invested. The information I have obtained is pretty much available to anybody willing to invest the time and energy it takes to gather it. I doubt that any of the information I have disclosed or alluded to would be withheld from you or anyone else making serious inquiry into the activities of the company.
If no one were ever allowed to obtain "insider information" about a company's products or activities, it would be pretty difficult for the company to conduct business. They wouldn't be able to tell customers about developing products, they wouldn't be able to place orders or disseminate information at trade shows, etc, without first announcing it to the public. Imagine trying to do business in that manner.
SEC regulations prohibit persons obtaining insider information about a company (information that is not available to the public) and then buying or selling the company's stock based on that information. This is called "insider trading". There are even instances where "insider trading" is perfectly legal and many people pay close attention to insider trades and try to mimic them. I am not aware of any insider trades having taken place in this company since Herb Neuhaus sold some shares.
I do not, by any stretch of the imagination, qualify as an "insider", though I do try to be a pretty well informed investor. However, I will tell you that I have not bought nor sold shares of Vyta Corp for a very long time. I have a lot of shares that I obtained at a price considerably higher than what I could purchase them for today, and I continue to hold all those shares.
For what it's worth, I also do my very best to avoid answering questions such as, "Do you think this is a good time to buy?" On the other hand, I frequently share some of my due diligence with friends or post it on my blog. Recently, I have not posted here very much because I have been too busy, and don't particularly enjoy the abuse that seems to accompany posting positive information about the company. In this case, I was asked by another poster to share some of my due diligence with readers here on Agoracom. I am doing so willingly, but not because I want to influence anyone to buy or sell shares.
There were certain details I chose not to disclose, not because they are "secret" insider information, but because I believe that pre-empting company management by disclosing certain specific information here before it is oficially announced would be really bad form. I encourage any investor to call Paul Metzinger (303-592-1010) and discuss the current state of the company. I believe he would likely share much of the same information that I have shared with you, though probably in more detail. I know that there are some readers of this board who will never just pick up the phone and make the call. It is for those readers that I composed my previous post.
I believe these are exciting times in the life of Vyta Corp, and as a shareholder, am looking forward to the developments of the coming months.
-zties