11087681 Canada Inc V.VOTI

RE:Can you comment please?

[Lawyerup]

Company is still bleeding, net loss last quarter was $1.1M.  They sold 116 machines compared to 167 last fiscal.  CEO makes a pretty penny of over $300K for a company that is struggling and has a market cap of just $6M.  I am not sure what their debt is but it must be substantial with the losses they are experiencing.  Its more or less a gamble.  I am not sure how good their equipment is but 116 machines sold is pretty tiny.  Its definitely not something I would buy just too many red flags.  This was from the Globe so not all bad pretty big drop though at 72%:

The Company’s superior product is evidenced by its client roster. Notable recent deployments and wins include Amazon’s North American fulfillment centres, the US Air Force, Ports America (the largest terminal operator and stevedore in the US), Carnival Cruise Lines, Madison Square Garden, US Bank Stadium, and Bell MTS Place (home to NHL team Winnipeg Jets).”

Reaffirming a “speculative buy” recommendation, he cut his target to 35 cents from 80 cents. The average is 38 cents.

VOTI DETECTION INC

0.14-0.34 (-71.58%)