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I have been an XRIT shareholder since about 1989. The early years were great, but the past many years have been disappointing. I was at the annual meeting in August, and met Vacchiano. Very outgoing, gregarious, intense individual. I was pleased to meet him. (I live about a half hour drive from the company.)

I have been fairly comfortable with the leadership provided by outgoing CEO Ferrara. The company had a number of years where it was having difficulty transitioning from the original founders to new leadership. Mr. Ferrara seems to have made that transition and positioned the company well for future growth. In a conversation with Mr. Ferrara after the meeting, he commented that the share price was probably being held down by some European mutual funds that were not allowed to hold American companies as a part of their portfolio. As a result, they were selling shares once Amazys was assimilated. He made the comment that he had just purchased 10,000 shares. It would have been nice to have had a bit more cash in my kitty, as the stock has since risen from the $8 range to the $11+ range it is in today.

I believe they are now indeed the 800 pound gorilla in the color management space. It will be interesting to see where they take the company from here. I have wondered myself if the company will become a Hidden Gem type of company.

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