Wednesday, February 19, 2025

VCON Bought out for $0 per Share

You can file this one away under "cautionary tales for microcap investors."  I first wrote about Vicon Industries  (VCON) almost 7 years ago when the company changed symbols from VII to VCON.  The stock was at a split adjusted $325.  

The last trade was almost 4 years ago at $65 per share.

A couple weeks ago I received a buyout letter which made me for real laugh out loud with this line, "the estimate of value of Company as of September 12, 2024, was $0.00 per share"!!