VLDI financial situation keeps getting worse, forc
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(Total Views: 1764)
Posted On: 08/11/2018 1:04:06 PM
VLDI financial situation keeps getting worse, forcing VLDI to cut operating expenses to the bone with no real financing or revenue in sight. Operating expenses which are down for 6 months 2018 by 77% from last year. Not much left to cut!
They only have 11M shares left to issue before they exceed authorized share count and they are at about a billion on a fully diluted basis with authorized at only at 700M. At the current common share burn rate which is about 44M per quarter VLDI is up a creek unless they do a R/S or increase the Authorized share count to well over a billion.
Other than that they moved their revenue forecast from Q2 to Q3. This has been a moving target for that last 5 years at least. No news of the ISV doing their product integration for added revenue of $75,000 and no news of the Ganthet deal doing a commercial launch and providing endpoint revenue for VLDI.
The only thing I find interesting is that these financials came out early, maybe Bruce had to go on vacation or he is getting ready to do something with the common stock. JMO
They only have 11M shares left to issue before they exceed authorized share count and they are at about a billion on a fully diluted basis with authorized at only at 700M. At the current common share burn rate which is about 44M per quarter VLDI is up a creek unless they do a R/S or increase the Authorized share count to well over a billion.
Other than that they moved their revenue forecast from Q2 to Q3. This has been a moving target for that last 5 years at least. No news of the ISV doing their product integration for added revenue of $75,000 and no news of the Ganthet deal doing a commercial launch and providing endpoint revenue for VLDI.
The only thing I find interesting is that these financials came out early, maybe Bruce had to go on vacation or he is getting ready to do something with the common stock. JMO
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