I don't do snark, simply because - like just about the rest of humanity - I have a long history of being wrong (just ask my wife). So let me weigh in, with much respect for both principal fellow-posters in the current debate, on the matters under discussion:
1. It is a fact that the Investor Relations section of the VHUB website is woefully out of date, as both the press releases and SEC filings don't have later dates than August of a year ago.
2. The management section of the VHUB website does list Perlingos as President and Chief Technology Officer, which is in at least partial conflict with Perlngos' Facebook page which self-admits he's "former" president, but is silent as regards Chief Technology Officer.
3. Getting back to the first point I've listed, one would imagine that the company website is an aspect of the company's technology, so if Perlingos has any responsibility here, he does not appear to be carrying it out. Perhaps this was part of Justin Moreno's domain when he was chief operating officer, and something has fallen through the cracks since maybe even before the transition away from Moreno.
4. I have immense respect for the work that Paul Knopick has been doing as Investor Relations consultant. The one aspect in which I (from my background as a CFO, albeit as a nonprofit CFO) would have taken a different approach - and I've mentioned this in earlier posts - is that April and May sales must have been available when the splendid June sales were announced. It creates a degree of suspicion when known info is intentionally not being released, and I would believe that suspicion is a worse situation than even a negative fact-set, as investors and potential investors are very good as presuming the worst scenario.
5. The word "Limitless" does appear a lot on the ijoy website, along with such broken English everywhere in that website that I think very few people would dare to do business with them based on the initial impression that the website presents.
6. Somebody has got to be selling all those VHUB shares. We have a guess who's buying - just look at all the new names that have popped up on this board. As regards the sell side, the most natural guess would be that Typenex/Iliad/Fife is unloading the 8.1 million shares that have been disclosed that they own. The question is whether they have replenished those shares via conversion (remember that they're limited to 10% ownership of the company) and are selling shares that have a cost basis to them of perhaps as low as .002. We just don't know.
5. The 10K, which is due soon (eleven more days, I think) but historically has taken until mid-October to be provided, is going to answer a lot of questions, as long as there is a vibrant "subsequent (i.e. after June 30) events" section. Notwithstanding the 10K, if there is a report on August sales forthcoming in about two weeks, and if that report shows still one more month above the $1 million benchmark for sales, that could finally set the stock past the resistance at even .016, which is the price at which Typenex got into the company originally.
6. Also, I wouldn't be surprised if VHUB could secure financing at favorable terms if sales are progressing at over a $12 million annual rate - that press release would do wonders, I believe, for the stock price.
And so we've got a very mixed bag here for VHUB, and I can understand the strong feelings in each direction. The posters who do business with the company see the quality and breadth of the product offerings every day, and the posters who do not have such intimate connectivity with the company naturally tend to focus more on the concerns regarding imperfect or non-current financial and personnel info about the company.
I hope this post has helped provide some fraction of the "homework" that's been the bone of contention recently. Nobody "died and made me king" here, so feel free to rip this post apart where I've gone off the mark, but civility would be appreciated - because there may be other potential posters out there who have something to offer this board, and they might be more willing to contribute if there's more light than heat here.
Wishing all a good Labor Day!
