a falling price is not company stock "going on sale" when the stock is being diluted. since VNDM showed up - the stock price and volume have acted like any other stock with convertible debt being dumped on the market. lower highs, lower lows, and increasing volume on the pivot points. the only reason this isnt lower now is VNDM (so far) hasnt gone below 0.001 other than a brief appearance at 0.0009 unless i missed it. i havent been able to watch the stock real close the last couple of weeks but when checking in - the pattern has been consistent. i have no issue with company issuing shares in lieu of cash when they are cash flow poor but the increase is not commensurate with the increase of OS since beginning of the year.
company has still not updated guidance for 2016. IR/muse and others can go on about future potential and all the things happening but right now - the company is not willing to put it in writing and the OS is increasing. at 3.3BB and an AS of only 4.5BB - how more dilution is there? how are all these new entities and groups being compensated? $109K in revenues doesnt go very far. what were 2Q16 revenues? quarter is over - why not preannounce the expected range and update on the outlook for 2016.
bill gave a solid business plan to investors and committed to reducing OS and getting it under control. shareholders still are inside the 90 day waiting period for "reconstruction" and the entire time we have been in time out - VNDM has been dumping shares on the market and the OS has been increasing.
i got in based on the original business plan and a decreasing share structure/strengthening balance sheet. now - i dont know what the "new" company is or will look like, have no idea what the new 5 year revenue plan/target is, and the OS has almost doubled from where it was reported earlier this year around 1.8BB when it was still looking to be shrinking/shares being repurchased.
i have read about Bill saying no R/s. i also read where Bill said no dilution, repurchasing shares, and decreasing OS (goal was under 1BB with M&A and loan activity). since these have changed due to "normal course of business" - then the R/s can change to. or - a substantial increase in the AS which would probably make more sense at this juncture. either way - existing shareholders will be leveraged out of high risk positions.
if company wants to remain legitimate with long term holders like myself and those that i speak with individually - they should consider doing the following immediately:
- update guidance. real numbers/ranges for this year and at least next two years. no one expects these to be exact. let us know how they compare to original plan.
- update shareholders on share structure and where it is going. no BS references to 10Q. a quick but specific breakdown of where the convertible debt/shares remain, their assessment of where the selling/dilution is coming from, and what they intend to do in next 12 months to move the OS back in the direction committed to in 2015.
- eliminate IR/muse and/or eliminate all the ambiguity around the entity. in 20+ years of investing I have never seen an IR group respond to shareholders in such fashion or be so secretive about the arrangement. that is asinine and reeks of impropriety. they have completely contradicted themselves about being shareholders/not being shareholders on Twitter. Bill needs to cut the BS and make it clear to the shareholders what the arrangement is with the IR entity.
- update financial picture. company was supposed to be bolstered by loans tied to M&A at end of 2015/early 2016. that was dissolved due to company restructuring and new path and the EX-IM route was being dialed in. there was the ambiguous $5MM transfer of assets which was no transfer at all relative to the way it was communicated. update the shareholders on the two main channels of loan commitments and how these dovetail into accelerating existing POs, SLAs, or RFQs.
if this is considered "bashing" - then again, i will stop posting and you can call me a basher. for me, it doesnt add up. for those that have followed my posts on this stock and a few others - i lay out pros and cons and tend to be a contrarian in many instances. however, when fundamentals change - i adjust accordingly. fundamentals have seriously changed with this company and the future remains shrouded wrt OS, funding/financial path, and revenue generation starting in earnest. maybe Bill is getting hoodwinked again like he did with the toxic lenders. a follow up CC with investors is long overdue but right now it looks like they are willing (purposely?) to let the company/stock be jerked around by the traders/MMs. right now, it is setting up another expensive lesson for many in the OTC world.
company has still not updated guidance for 2016. IR/muse and others can go on about future potential and all the things happening but right now - the company is not willing to put it in writing and the OS is increasing. at 3.3BB and an AS of only 4.5BB - how more dilution is there? how are all these new entities and groups being compensated? $109K in revenues doesnt go very far. what were 2Q16 revenues? quarter is over - why not preannounce the expected range and update on the outlook for 2016.
bill gave a solid business plan to investors and committed to reducing OS and getting it under control. shareholders still are inside the 90 day waiting period for "reconstruction" and the entire time we have been in time out - VNDM has been dumping shares on the market and the OS has been increasing.
i got in based on the original business plan and a decreasing share structure/strengthening balance sheet. now - i dont know what the "new" company is or will look like, have no idea what the new 5 year revenue plan/target is, and the OS has almost doubled from where it was reported earlier this year around 1.8BB when it was still looking to be shrinking/shares being repurchased.
i have read about Bill saying no R/s. i also read where Bill said no dilution, repurchasing shares, and decreasing OS (goal was under 1BB with M&A and loan activity). since these have changed due to "normal course of business" - then the R/s can change to. or - a substantial increase in the AS which would probably make more sense at this juncture. either way - existing shareholders will be leveraged out of high risk positions.
if company wants to remain legitimate with long term holders like myself and those that i speak with individually - they should consider doing the following immediately:
- update guidance. real numbers/ranges for this year and at least next two years. no one expects these to be exact. let us know how they compare to original plan.
- update shareholders on share structure and where it is going. no BS references to 10Q. a quick but specific breakdown of where the convertible debt/shares remain, their assessment of where the selling/dilution is coming from, and what they intend to do in next 12 months to move the OS back in the direction committed to in 2015.
- eliminate IR/muse and/or eliminate all the ambiguity around the entity. in 20+ years of investing I have never seen an IR group respond to shareholders in such fashion or be so secretive about the arrangement. that is asinine and reeks of impropriety. they have completely contradicted themselves about being shareholders/not being shareholders on Twitter. Bill needs to cut the BS and make it clear to the shareholders what the arrangement is with the IR entity.
- update financial picture. company was supposed to be bolstered by loans tied to M&A at end of 2015/early 2016. that was dissolved due to company restructuring and new path and the EX-IM route was being dialed in. there was the ambiguous $5MM transfer of assets which was no transfer at all relative to the way it was communicated. update the shareholders on the two main channels of loan commitments and how these dovetail into accelerating existing POs, SLAs, or RFQs.
if this is considered "bashing" - then again, i will stop posting and you can call me a basher. for me, it doesnt add up. for those that have followed my posts on this stock and a few others - i lay out pros and cons and tend to be a contrarian in many instances. however, when fundamentals change - i adjust accordingly. fundamentals have seriously changed with this company and the future remains shrouded wrt OS, funding/financial path, and revenue generation starting in earnest. maybe Bill is getting hoodwinked again like he did with the toxic lenders. a follow up CC with investors is long overdue but right now it looks like they are willing (purposely?) to let the company/stock be jerked around by the traders/MMs. right now, it is setting up another expensive lesson for many in the OTC world.
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