Why would anyone want to short VNX? If you guys bothered to pull up a chart and plug in some simple parameters (such as 50day Ma, RSI, etc), you would have discovered that VNX makes a far better long than a short at this point in time. Stop wasting time with fundamental b.s. and go with the flow (trend, that is).
To sum it up, if I weren't already short 69k shares (which may be the case if I'm just writing fables for the board), I'd be going to town with this one--if Schwab could find any shares.
Consider this: VNX has a current market capitalization of about 3 times its total 06/30/06 assets of $16,355,778. That means that if all creditors developed amnesia, VNX would still be trading for thrice book value. Unfortunately, loss from operations--BEFORE interest expense--for the 3 months ending 06/30/06 was $(1,920,041), so the company would still be losing money.
New products to be "unveiled" (I like the word, too) at G2E must be really, really, really good to justify the current price.
I'm short 69k because of a poorly timed 1k short sale at $2.29 recently--if anyone out there really believes all the stuff I post about being short this many, short that many, whatever... I could be a bored old guy in a rocking chair making all this up. All comments about coffee-drinking are true, though--honest!