I Was RightI predicted that a financing risk was getting higher by the day and not long after there it was.
https://stockhouse.com/companies/bullboard?symbol=v.cub&postid=33152893
Now I have predicted the share price willl likely fall further and it looks to be heading that way. You cannot have such a massive insane overhead and no sales to sustain it. I could care less about all of the fluffy talk about feeding the planet, all sales inquiries are "inbound" etc. all of these things are good but don't be fooled, the bottom line is people are in this to make money. It is always about the money. Convert those "inbound" inquiries to actual sales instead of phone calls. Show me the money Jerry!!
I see they added even more positions on their career page. Unbelievable. I can't recall ever seeing anything like this before. Their last sale was so long ago I forgot what the sale was. Who knows when they will see actual revenue recognition (read their fine print about revenue recognition) from it let alone actual cash in the bank as a result. end of Q2 is only days away....what will the results look like I wonder?
They have a great product but, I think they are far!! too ahead of themselves with staffing. Are they looking for sales? or government grants for research? do they have expectations of large sales volumes en route? I don't know and the lines seem blurred to me. I am out anyway but I always have morbid fascination with stocks that I have previously owned and watch future performance. It helps me learn and fine tune my investment performance in future salary suckers that I might purchase.