Never Discount The Generation of Positive Revenue
Post# of 17653
Posted On: 09/18/2015 10:14:43 AM
Never Discount The Generation of Positive Revenue Growth
This time last year people were saying the same thing about a company that was once supposedly doing business with DUTV - Virtutone.
At least with that company the leadership was making public statements and even did video interviews explaining their plan.
None the less the company tanked even though it had millions in positive growth revenue. Those who discounted the concerns about profit, expenses and the balance sheet and bought up a bunch of shares ended up getting left holding the bag.
I mention this in direct relation to DUTV because although it shows positive revenue growth in the last reported quarters (last report as of November 30th 2014), it still has not provided any updated financial information since then. It also hasn't given specifics on how it's generating revenue, if the clients are long term or if the expenses will remain at such a level as to absorb 99% plus of the revenue generated.
With these questions remaining unanswered, DUTV could easily go the way of Virtutone and end up at no bid or halted if what's really going on behind the scenes merits it. We just don't know and McHenry is not telling anyone.
Let's hope for the best but be realistic.
This time last year people were saying the same thing about a company that was once supposedly doing business with DUTV - Virtutone.
At least with that company the leadership was making public statements and even did video interviews explaining their plan.
None the less the company tanked even though it had millions in positive growth revenue. Those who discounted the concerns about profit, expenses and the balance sheet and bought up a bunch of shares ended up getting left holding the bag.
I mention this in direct relation to DUTV because although it shows positive revenue growth in the last reported quarters (last report as of November 30th 2014), it still has not provided any updated financial information since then. It also hasn't given specifics on how it's generating revenue, if the clients are long term or if the expenses will remain at such a level as to absorb 99% plus of the revenue generated.
With these questions remaining unanswered, DUTV could easily go the way of Virtutone and end up at no bid or halted if what's really going on behind the scenes merits it. We just don't know and McHenry is not telling anyone.
Let's hope for the best but be realistic.
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