Viq Solutions Inc T.VQS

Company doing fine, stock and actual performance detached.

[CDNMaple]

Long time lurker, first time poster. 

I will preface this by saying I have been invested here a long time (almost back to the level i bought in at pre-split, :( ). 

Just wanted to chime in and state for those who are on the fence of buying in or holding. 

The company is doing fine from a business perspective. Growing revenue and customer base with decreasing lose per share. management gets lots of shade but I have ridden from this being a penny stock to being over $9CDN. Could they do better, probably, could they do worse, o yeah, they could do way worse. Fundamentally they are making strategic gains with the occasional tactical lose. I think this concept of confidence in management derives from a certain type of investor. This is a company that specialises in Secure- Risk adverse industries. Its not going to go gang busters, but rather slowly build as they risk adverse organisations come onboard. It has to happen slower as 1 cyber incident and this company is done. Compliance and Security take time. 

But what about the money you ask? This Q reported more revenue then the company made in 2018 total. It has already surpassed last years total revenue with this Q's reporting. 

This is where the stock and the business detach from each other. 

I think the biggest issue with VIQ Solutions is its investors. I say this as this thing started to nose dive with the influx of new investors trying to ride the rocket to the moon. This is a slow burn company, its not gonna be a huge gainer yoy in new revenue in comparison to the other stocks during the great meme/stock run. This was compounded with the Alta Fox incident. We are now stuck with many people underwater (most probably leveraged as well) who need to bail. Any gain is now met with people trying to offload, supressing the stock. This put the stock into a downwards spiral. I dont think we will see this group of investors offloaded for a bit as they will keep dumping with any gain. You can tell this is happening (IMO) as when good news comes out, the stock goes down. No news, stock goes up. I get people are frustrated, believe me, i am too. I am in this for the long haul though (10+ year plan) so I can wait this out. For those looking for a quick flip, run, this is not the stock for you. For those who want a slow burn and growth, this is for you. I am surprised it has not had a take over attempt at this point frankly as its a sitting target for others like vrbit or Microsoft. Im taking this dip as early Christmas gift to dramatically increase my holding of this company.  

Happy trails all.

[Akariboto]

You make valid points. You must also realize that Scott was concerned about costs and whether they'll need another raise. As such, I would have liked you to also touch on their financial health and not just revenue growth. You can grow revenues all you want but the important thing is how much of it you keep as profit and convert to cash. So far, the deficit has grown to $61m meaning revenues

[CDNMaple]

First thank you for your thoughtful and well-read response. I have no concerns financially minus the abysmal price the stock is at. The 61m is an accounting thing which I am not worried about. The 7.8 would be converted into stock or a negotiated extension if they don’t have cash. Either way if the stock price is this rock bottom that is a threat. If the stock is at 10 USD (running on Zaks report