A Big Heartfelt Thank-You
Thanks to all past and current Visual Edge IT employees who have reached out to thank me for the coverage I have consistently provided regarding Visual Edge IT and its financial relationship with BDC Lender, Ares Capital.
These messages of thanks mean a lot. Sadly, my coverage of this and many other painful topics is so disturbing to the status quo or those with insecurities about their place in the future that they do everything they can to help the industry's, dysfunctional or disingenuous, perpetuate alternative realities.
It's hard not to smile as I think of the industry’s clubs that were warned by disingenuous leaders not to allow my attendance or face expulsion of their sponsorship money. It seems some folks are much happier hanging out at venues where no one would ever question what they were hiding.
Honestly, in my view, the worst situation in this story wasn’t the company’s leader, who continuously gaslighted the company’s financial reality, as I believe most now accept that he was extremely disingenuous.
A bigger issue was the industry’s media, especially The Cannata Report and Industry Analyst, which allowed the former CEO to use their platforms to gaslight reality and attempt to shift the industry’s attention away from my coverage. Of course our industry’s media continues in underestimating my coverage.
I am hopeful our industry will do a better job in calling out this nonsense. Maybe, the Visual Edge IT saga will inspire folks to do just that. I believe that if the industry’s media questioned more uncomfortable things, the industry’s actors would have less surprising disastrous outcomes.
Over the years, we have seen many things go unquestioned that turned out disastrous. The fact is, today we still have folks promoting things with zero accountability, many of which I unfortunately expect to also become disastrous.
The bottom line is that Visual Edge IT, like others in our industry, has too much control over narratives, as our industry continues to allow behaviors built on fabrications and unaccountability to go unchecked based in fear of questioning anything that might highlight the unpleasant realities of someone or something.
Some will say that the industry’s media and analysts lack the skills to ask the right questions. I say, bullshit! These folks, in my thinking, didn’t even try to explore the realities of Visual Edge IT.
I believe they knew exactly what they were doing when they brought the Visual Edge IT CEO onto their platforms to create an alternative reality narrative. Unfortunately for them, I remained persistent in covering the story based on the realities of Ares Capital’s 10Q & 10K.
By the way, have any of the industry’s publications or analysts discussed the new big story regarding, Visual Edge IT setting up another entity called VEIT,LLC in December to merge with? Now ask, why not? Is the answer, they are under pressure not to, or they just don’t care if Visual Edge IT shareholders were eliminated for pennies?
I remember the press release about Encina Capital, together with Ares Capital, announcing $40 million in funding and how the industry’s media couldn’t paste and copy the press release on their platforms quick enough without questioning any of it.
I am thinking some of the media folks are so naive they thought that press release was a story which would make my coverage seem made up. I say that because some in the industry actually accused me of that.
What was extremely unbelievable regarding the Encina Capital story was none of these media venues mentioned that Ares Capital had written off a senior/subordinate loan that had been in nonaccrual status for over a year. They didn’t mention In that write-off, Ares Capital took a $48 million loss, which was Ares Capital’s greatest loss in the 3rd quarter of 2023. They also didn’t mention In this write-off, Ares Capital took a major preferred position.
So here we are in 2026, and all hell breaks loose as Visual Edge IT wipes out shareholders by merging the company into a new entity called VEIT, LLC. I can only hope that the old CEO got NOTHING for whatever his remaining equity was.
I hear that Visual Edge IT is having an employee meeting in Vegas this month. I will remain hopeful that the remaining employees of Visual Edge IT will hear at the meeting that the company has been sold to an organization whose ownership will be honest and forthright. In the past, I have suggested that DEX Imaging would be the buyer of what’s left. I am still thinking that as a probability.
If the Vegas meeting is just another pep rally for the continuation of what we have seen over the years, I don’t see the company turning around with the new CEO, especially if the old CEO is still somehow involved. I also question the amount of new money Ares Capital is willing to risk.
Remember, in the Ares Capital 4th quarter 2025, which ended December 31st 2025, Visual Edge IT had two loans mature, totaling around $40 million. I believe this is what led Visual Edge IT and Ares Capital to establish another entity, VEIT, LLC. This action would allow a merger, preventing a possible liquidation of the company’s assets to cover those two maturing loans.
Maybe the new CEO could publish for all the public a document ahead of the Vegas meeting explaining all the reasons for the merger and its details. In my thinking, it was necessary to eliminate shareholders in Visual Edge IT so Ares Capital could sell off to a third-party buyer. Again, I am thinking DEX Imaging as the buyer. Maybe the Doyles will be in Vegas?
Visual Edge IT was a great lesson for the industry regarding roll-ups of copier businesses attempting to become managed IT services companies. Remember, I was never comfortable with anything the old CEO said publicly regarding his vision and methods in transitioning Visual Edge IT. So It does now seem that restructuring the company through a merger, all while wiping out shareholders, proves my warnings were accurate.
It really is too bad our industry has too many who are willing to ignore things for some form of personal benefit.
In closing, I am truly grateful to all past and current Visual Edge IT employees, who reached out to thank me and to all those in the industry who appreciate what I do.
I am realizing now that there are more folks who are interested in reality over those who hope to control narratives based in delusion, and comfort.
Status Quo is the killer of all that will be invented.
Ray Stasieczko, Host of The End Of The Day With Ray!
Thanks to all past and current Visual Edge IT employees who have reached out to thank me for the coverage I have consistently provided regarding Visual Edge IT and its financial relationship with BDC Lender, Ares Capital.
These messages of thanks mean a lot. Sadly, my coverage of this and many other painful topics is so disturbing to the status quo or those with insecurities about their place in the future that they do everything they can to help the industry's, dysfunctional or disingenuous, perpetuate alternative realities.
It's hard not to smile as I think of the industry’s clubs that were warned by disingenuous leaders not to allow my attendance or face expulsion of their sponsorship money. It seems some folks are much happier hanging out at venues where no one would ever question what they were hiding.
Honestly, in my view, the worst situation in this story wasn’t the company’s leader, who continuously gaslighted the company’s financial reality, as I believe most now accept that he was extremely disingenuous.
A bigger issue was the industry’s media, especially The Cannata Report and Industry Analyst, which allowed the former CEO to use their platforms to gaslight reality and attempt to shift the industry’s attention away from my coverage. Of course our industry’s media continues in underestimating my coverage.
I am hopeful our industry will do a better job in calling out this nonsense. Maybe, the Visual Edge IT saga will inspire folks to do just that. I believe that if the industry’s media questioned more uncomfortable things, the industry’s actors would have less surprising disastrous outcomes.
Over the years, we have seen many things go unquestioned that turned out disastrous. The fact is, today we still have folks promoting things with zero accountability, many of which I unfortunately expect to also become disastrous.
The bottom line is that Visual Edge IT, like others in our industry, has too much control over narratives, as our industry continues to allow behaviors built on fabrications and unaccountability to go unchecked based in fear of questioning anything that might highlight the unpleasant realities of someone or something.
Some will say that the industry’s media and analysts lack the skills to ask the right questions. I say, bullshit! These folks, in my thinking, didn’t even try to explore the realities of Visual Edge IT.
I believe they knew exactly what they were doing when they brought the Visual Edge IT CEO onto their platforms to create an alternative reality narrative. Unfortunately for them, I remained persistent in covering the story based on the realities of Ares Capital’s 10Q & 10K.
By the way, have any of the industry’s publications or analysts discussed the new big story regarding, Visual Edge IT setting up another entity called VEIT,LLC in December to merge with? Now ask, why not? Is the answer, they are under pressure not to, or they just don’t care if Visual Edge IT shareholders were eliminated for pennies?
I remember the press release about Encina Capital, together with Ares Capital, announcing $40 million in funding and how the industry’s media couldn’t paste and copy the press release on their platforms quick enough without questioning any of it.
I am thinking some of the media folks are so naive they thought that press release was a story which would make my coverage seem made up. I say that because some in the industry actually accused me of that.
What was extremely unbelievable regarding the Encina Capital story was none of these media venues mentioned that Ares Capital had written off a senior/subordinate loan that had been in nonaccrual status for over a year. They didn’t mention In that write-off, Ares Capital took a $48 million loss, which was Ares Capital’s greatest loss in the 3rd quarter of 2023. They also didn’t mention In this write-off, Ares Capital took a major preferred position.
So here we are in 2026, and all hell breaks loose as Visual Edge IT wipes out shareholders by merging the company into a new entity called VEIT, LLC. I can only hope that the old CEO got NOTHING for whatever his remaining equity was.
I hear that Visual Edge IT is having an employee meeting in Vegas this month. I will remain hopeful that the remaining employees of Visual Edge IT will hear at the meeting that the company has been sold to an organization whose ownership will be honest and forthright. In the past, I have suggested that DEX Imaging would be the buyer of what’s left. I am still thinking that as a probability.
If the Vegas meeting is just another pep rally for the continuation of what we have seen over the years, I don’t see the company turning around with the new CEO, especially if the old CEO is still somehow involved. I also question the amount of new money Ares Capital is willing to risk.
Remember, in the Ares Capital 4th quarter 2025, which ended December 31st 2025, Visual Edge IT had two loans mature, totaling around $40 million. I believe this is what led Visual Edge IT and Ares Capital to establish another entity, VEIT, LLC. This action would allow a merger, preventing a possible liquidation of the company’s assets to cover those two maturing loans.
Maybe the new CEO could publish for all the public a document ahead of the Vegas meeting explaining all the reasons for the merger and its details. In my thinking, it was necessary to eliminate shareholders in Visual Edge IT so Ares Capital could sell off to a third-party buyer. Again, I am thinking DEX Imaging as the buyer. Maybe the Doyles will be in Vegas?
Visual Edge IT was a great lesson for the industry regarding roll-ups of copier businesses attempting to become managed IT services companies. Remember, I was never comfortable with anything the old CEO said publicly regarding his vision and methods in transitioning Visual Edge IT. So It does now seem that restructuring the company through a merger, all while wiping out shareholders, proves my warnings were accurate.
It really is too bad our industry has too many who are willing to ignore things for some form of personal benefit.
In closing, I am truly grateful to all past and current Visual Edge IT employees, who reached out to thank me and to all those in the industry who appreciate what I do.
I am realizing now that there are more folks who are interested in reality over those who hope to control narratives based in delusion, and comfort.
Status Quo is the killer of all that will be invented.
Ray Stasieczko, Host of The End Of The Day With Ray!
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