VNX is doing exactly what PJ predicted it would: it's going to zero!
For those still long this stock it's obvious PJ has this company pegged. He understands their financials better than VNX management does. It's PJ who discovers and points out the mistakes in their SEC filings. These mistakes got past VNX management. They are either on vacation or not very smart. Let's be generous and just say they're on vacation, and soon to be on a permanent vacation.
Meanwhile, and as a reminder, anyone still long VNX stock it IS in your interest to sell it NOW. The tax benefits you will accrue by selling it this year are valuable and should not be overlooked. Also it's clear this stock is heading to zero. This is not a joke and getting $1.90 for your stock is a lot better than getting nothing.
Bottom line: sell your VNX now before it is too late.