As many of you know i am an old floor trader. I love the long term prospects of Vit and in particular believe that the Cove property to be of commercial grade.

The short term pain is about to begin however with the swallowing of Stratagold.

Be warned that the abitragers are coming and will whack the bid relentlessly on Vit whence the merger is ratified.It may begin earlier. Remember that a 7.5m$ raymond james financing is contingent upon acceptance. This will not be let go by the wayside so ratification is almost sure to happen

Presently, the stock is offered at 4cents, whilst VIT is well bid in the mid to upper 30s.

An arbitrager does not have an opinion on a stock,,,its simple to them..buy at 32 (04) and sell above that, in this case 365 bid for 25000 on the close.

There are 210million sgv outstanding...Arithmetic makes that over 25 million shares dilution . Volume on VIT is under 300k/day...The pressure must boil over in a reduction in the price of the stock...it is just a natural occurence and function of the market, and not necessarily a realistic valuation....but it will happen

If the price stays at 3 1/2 I expectto see a low 30s pressure on the stock for the coming month

My opinion is that management should make an effort to buy up the loose ends of sgv before this becomes a probleJust an old traders thoughts

royrogers