VPT What Do The Numbers Say? Slow down folks.
This back and forth is entertaining, but misses the point.
It isn’t the shorts or bashers that are the problem.
(Hell there is virtually no shorting here-nor is there any buying-it's pretty dead-old doggies cardio pattern coming?)
It isn’t the pumpers.
What really matters is the data.
Let’s focus on the numbers, and what the management says in docuents to regulatory authorities’
I am just providing data-facts-from the companies financialsFrom the Management
‘If this is bashing the management is Bashing or pumping.
So to the point:
The story is that The Company has purchase orders and has committed to supply VMS+3.0 machines with expected revenues that COULD be material.
The flip side is we are in a pandemic, and sales are difficult, and not certain.
Cash/working capital is the oxygen any company needs to survive.
And the facts are...
Total current assets are 411,872
Current Liabilities are 1,874,379
The current ratio should be above 1, usually 2:1
VPTs is less than 1 (.21)
What does this mean?
It is a serious warning sign.
What does the company say????
“For fiscal 2020, the Company’s expected operating expenses are estimated to average $80,000 per month for recurring operating costs.
The Company’s working capital deficiency of $1,462,507 at September 30, 2020, (December 31, 2019 - working capital deficiency of $1,739,658), and is not sufficient to satisfy current liabilities and general and administrative costs for it to continue operations for the twelve-month period ending September 30, 2020 (see “Outlook and Overall Performance” above).
Without sufficient additional capital being secured in a timely manner, Company operations may have to be
curtailed; the result of which could render the Company unable to pursue commercialization of its products
and services, or to continue its operations.
There is no certainty whether the Company will generate significant revenues or attain profitable operations
in the near future and there can be no assurance that it will achieve profitability in the future, as it incurred
a loss of $1,719,968 and had a negative cash flow from operating activities of $681,849 for the nine months
ended September 30, 2020, and has accumulated $39,667,218 of losses as at September 30, 2020” source sedar.com
So...
Take it for what you may-but in my estimation, this is very high risk.
A micro cap worth 6 million.
I will wait in the grass and watch
I thank old dog for telling me about this over on the HUGe board, BUT....
I have done well by being certain when I strike- and we are as far from certain as Old Doggie is from Toronto(think you said you at donair triangle?)
So I will wait. I have now done my homework and know this pretty well-so I am here and will follow along for fun, and hopefully for profit
Maybe I will miss a run-sure-cool with that-but the company is high risk, and I can get lottery tickets anywhere