Post by
canon12345 on Dec 15, 2020 8:05am
Where do we stand?
After the AGM, where does VPT stand and what can we expect in 2021? There are some positives and negatives. Shareholders would love to see a clear path where 3.0 sales blossom and large purchase orders are made. It has been 10 years of slogging for this company with many shareholders having zero patience left and little if any faith that this company will ever succeed. Hence we have a share price at 7-8 cents. That all being said we all need to take a step back and try and see where this thing really stands.
The company was halted earlier this year and came back on in the fall. It took that time to revamp the VMS and came out with the 3.0. Previous VMS products did not gain any type of wide market acceptance and had little if any sales The new 3.0 addressed many of the short comings of previous models and was launched in September. Since that time Dr. Adams has had some success in getting the 3.0 into hospitals in Canada, Europe, China and the USA. It is unclear how well the 3.0 is being accepted in these hospitals and if / when more and larger purchase orders will begin. Covid has slowed down acceptance in what is already a difficult market to penetrate. More then likely acceptance if it occurs will be slow and it will take longer then expected with the covid rampage currentlly being felt by hospitals world wide. That doesn't mean it won't gain acceptance and covid long hauler heart issues could be yet another reason the 3.0 will eventually succeed. It is to early in the process to make a definitive judgement that the 3.0 will succeed or fail. Bashers will continue to say the company has already failed and bankruptcy is imminent, others will preach patience and success is only a matter of time. The reality IMO is we are only just starting the acceptance phase of the 3.0. While it is promising that units are in some hospitals, it will become far clearer as 2021 progresses which direction this acceptance will take. My hope is that we see a slow and steady increase of hospitals using and buying / recommending this product . To say there is no hope makes no sense to me as there are 3.0 in hospitals being tested. Will it ramp up and sales take off, well you can make your own prediction by either buying or selling the stock at 7-8 cents. I am betting it will but yes i am only guessing!