"The Company has recognized and booked revenue fro
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Posted On: 06/12/2017 2:00:11 PM
"The Company has recognized and booked revenue from the sale of E-transport vehicles."
How much revenue? They booked $109K beginning of 2016 that was removed from the books 4Q16. They booked $7-8K last Q on MRVBs. Not exactly going to sustain cash flow. How they paying for the inventory they are going to distribute? Selling shares or habe they lined up financing (secured with POs)?
If these revenues provide significant revenues to sustain cash flow for not only the e-transport segment but also the remaining business segments - that would be very solid. However, the company has had several false starts that havent been discussed and multiple pumps fueled by IR/Muse (touting billion dollar EIA deals, guaranteeing $135MM BTL SLA, and the ridiculous $0.01/PPS ) that has the market decidedly saying "show me dont tell me."
VNDM is back on the ASK with a large offer which means (historically speaking) that dilution continues and OS/AS are both increasing.
How much revenue? They booked $109K beginning of 2016 that was removed from the books 4Q16. They booked $7-8K last Q on MRVBs. Not exactly going to sustain cash flow. How they paying for the inventory they are going to distribute? Selling shares or habe they lined up financing (secured with POs)?
If these revenues provide significant revenues to sustain cash flow for not only the e-transport segment but also the remaining business segments - that would be very solid. However, the company has had several false starts that havent been discussed and multiple pumps fueled by IR/Muse (touting billion dollar EIA deals, guaranteeing $135MM BTL SLA, and the ridiculous $0.01/PPS ) that has the market decidedly saying "show me dont tell me."
VNDM is back on the ASK with a large offer which means (historically speaking) that dilution continues and OS/AS are both increasing.
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(1)Trans-Pacific Aerospace (TPAC) Stock Research Links
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