VSTR - Huge 10Q, Google is on board and gave them
Post# of 88933
Posted On: 09/24/2014 1:48:19 PM
VSTR - Huge 10Q, Google is on board and gave them a credit line.
http://archive.fast-edgar.com/20140924/ATZHN2...ADZ2272262
Revenue up 677%, costs up too, but in the end the quarter was profitable.
Google is on board and gave them a $50,000 credit line. Good to see that Google believes they are credit worthy and have something to sell online.
$62,000 in deferred revenue means they have revenue in the pipeline too, it is just not recognized yet until time passes.
Net cash used in operations is only $6,895. The company does not overspend. They are careful with their cash. And no convertible debentures, no convertible preferred.
The two new investments of 5% in Zelgor and 5% in Netcapital systems are worth a total of $75,000.
Zelgor could be big as it has money from Angel fund with Tim Draper
https://angel.co/commitchange/jobs
Read More: http://investorshangout.com/post/view?id=2054...z3EFwbm6rB
http://archive.fast-edgar.com/20140924/ATZHN2...ADZ2272262
Revenue up 677%, costs up too, but in the end the quarter was profitable.
Google is on board and gave them a $50,000 credit line. Good to see that Google believes they are credit worthy and have something to sell online.
$62,000 in deferred revenue means they have revenue in the pipeline too, it is just not recognized yet until time passes.
Net cash used in operations is only $6,895. The company does not overspend. They are careful with their cash. And no convertible debentures, no convertible preferred.
The two new investments of 5% in Zelgor and 5% in Netcapital systems are worth a total of $75,000.
Zelgor could be big as it has money from Angel fund with Tim Draper
https://angel.co/commitchange/jobs
Read More: http://investorshangout.com/post/view?id=2054...z3EFwbm6rB
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