OTCQB:VVCIF - Post by User
Comment by
YUNGGUN2121on Oct 23, 2020 11:48am
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Post# 31770999
RE:RE:Q3 FS are going to be a pile of shiet
RE:RE:Q3 FS are going to be a pile of shiet why not .. ? its hard to catch a falling knife but ive already cut my hand and might aswell avg. down if it dips again. I do believe the Q3 will have terrible current ratios ... current assets going to take a massive dip .. wouldnt be supprised to see less than a couple mill cash on hand. That Said i Still have faith in vivo & i love their products but the time line is pushed back to late 2021 - 2022 i was hoping 2020 would be there year oh well ... ill keep her in my books for a few more years unless shite really hits the fan...
Q3 = Depleated cash with Goodwill > all current assets ? Write off before 2020 end probable IMO & hopefully we see increase in net sales & decrease in expenses . Q4 should have more cost reduction (recent layoffs 45 * 45Kyr = about 2 mill reduction in salary or .500K a Q) with another sale increase in Q4 we would be postioned well for 2021.
big concerns now, Shape of balance sheet ( cash levels & Goodwill writeoff) and wasting money on eruopean expansion which is pening GMP and is sucking 100's'K$ a Q !!
Overall I have faith in the long term but i think we are at rock bottom .... so if it dips more im buying