Q1It's sad to know that so many investors don't look at or understand financial statements. If they did then a stock like VTI would be trading at half a penny at best. Does anyone at all here not see that these guys are on the verge of massive dilution if not bankruptcy? They have over $1 million working capital deficiency.
This company is currently sporting a market cap of $4.5 million and is generating $29,000 per quarter in revenues. It's trading at 37.5 times annualised Q2 sales. Enterprise value is 49 times sales. They have $1.4 million negative book value. And all this during arguably the largest telecom boom since the internet boom. What has management proven so far?
The Mexican deal they announced about a year ago has never shown up in the financials. What does that tell you about the company and the their ability to validate their business opportunities?
If you believe in the fiber optic sector then look at a company like DUG.V. DUG.V is trading at 1 times sales and actually has a real business and real clients. Growing revenues by about 30% and makes money.
You chose where to put your money.
I know I must sound like a jerk for bringing this up but people, please give your heads a shake. There are much better companies than this one that deserve your investment.