RE:Wage subsidy announcementAlthough it may not seem 'material' from the point of view of VMS+3.0 sales, it is significant in the sense that it has a very positive affect on VPT's cash 'burn rate', by significantly extending their runway. So, although I would have also hoped for a NR announcing more significant sales, this nr does provide me as an investor some comfort knowing that they're agressively taking advantage of the programs the FED's are currently offering in this COVID environment. In my 'retired' life, I have been helping my wife with her cafe/restaurant business and so have first hand knowledge on how important such programs have been for any small business during this covid bullsh*t. In Alberta we will have to shut down our 'sit-in' service again starting Sunday, but will still have to pay all our fixed costs (rent, utilities, insurance,, etc, etc). We are therefore taking advantage of every possible support program that we qualify for, they are definitely a bridge to 'back to normal'
na7ureboy wrote: My only question is...*why on earth* did they announce this? Did they think this would move the stock price up in any way? Struggling to see the rationale on this one. Wobbly holder here...