Versatile Systems Inc VVVFF

RE: start of upward push

[dwothers]

It still looks like a few hurdles to me. Without the tax benefits they would have to average the earnings down to zero. It looks like they still have a challenge with ensuring they have enough cash flow to meet their debt obligations. And the mess with the last financial reports leave you without the ability to really tell the financial health of this report. You also can't see where the money is coming from, but it sure did not look like there was much in there at that 40% margin that the kiosks are supposed to have. It is good that they cut research from the perspective that if they had not they would be cash flow negative. But research is also important to future development and growth.