RE:NewsSomeone here has consistantly sold this down.
in my experience, with a company like this it is either an early holder or someone setting a price.
This was always a sale- just at what value.
I could trot out the ratios from the last set of financials but with this mngt (and seeming inexperience at this part of the game), I think a waste of time.
I get north of 30 cents all day long. Let's see how good this " investment bank" is and if there is (there should be) a serious bid.
Yah, I"ve been adding. Hope it happens soon.
then again,maybe they get talked into a bad financing......
Good fortunes all
2019-05-06 09:55 ET - News Release
Mr. Russ Armbrust reports
VIRTUALARMOUR RETAINS LEADING INVESTMENT BANKING FIRM, CAPSTONE HEADWATERS
VirtualArmour International Inc. has teamed up with Capstone Headwaters, a leading investment banking firm, in response to receipt of unsolicited inquiries.
With Capstone's reputation as a trusted adviser over multiple industries all over the world, VirtualArmour will be leveraging its capabilities to maximize shareholder interests. The Capstone senior team brings decades of experience in technology investment banking, capital markets and entrepreneurship as well as a deep understanding of the market forces, competitive dynamics and valuation parameters of several high-growth, technology market segments.
Capstone's managing director and cybersecurity practice leader Tom McConnell stated: "We are excited to be working with the VirtualArmour management team and board to assist in the evaluation of strategic and financial alternatives. VirtualArmour is an extremely well-positioned managed security services provider, offering state-of-the-art cybersecurity solutions that protect and fortify their customers networks."
"With the substantial amount of inbound activity, we felt it was the right time to retain a banking relationship that could support our business and help to unlock additional shareholder value," stated Russ Armbrust, chief executive officer of VirtualArmour. "After a diligent review process, we chose Capstone Headwaters because of their expertise in the cybersecurity field and their understanding of our industry."
About VirtualArmour International Inc.
VirtualArmour International is a global cybersecurity and managed services provider that delivers customized solutions to help businesses build, monitor, maintain and secure their networks.
VirtualArmour services a wide range of clients, which include Fortune 500 companies and several industry sectors in over 30 countries across five continents