OTCPK:VGLIF - Post by User
Post by
IChingon Nov 14, 2007 11:00pm
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Post# 13810737
The company is little debt
The company is little debtLearn to read a financial statement before you spit out misleading information (or utter falsehoods as in this case).
What you refer as $13M debt is actually an accumulated shareholder equity deficit over years...it is a book keeping exercise that will become useful at tax time if/when the company becomes profitable at some point down the road (one would hope). It is not debt...never was...and never will be.
Excellent quarter, given the circumstances of the CDN$$$. Seems that sales are picking up. The loonie is due for a retracement and that should bode well for the next quarterly reports if sales continue to grab the market.
Dementia is a topic more and more in the news as boomers hit the statistically high risk zone. Estimateed 1 million canadians 20 years from now, compared to 500K today. And the USA boomer curve is earlier than the Canadian one. Imagine the numbers there... So no surprise if Vigil technology adoption starts to pick up.
I still wish they would find other solutions to meet stay at home patients (also a trend and desire), and meet the needs of other (euro) markets as well , so to diversify revenue streams. Doesn't seem to be on the horizon for now, but one can only hope.
This company is slowly positioning itself as an acquisition target down the road.