Yes, and I said the guess was very high. OTC states 5, but based on my past conversations, I would guess that is 1 full-time and 5 very part time employees. The 1 being Alex.

Need to go much lower than that.

Can anyone tell me the COGS on the $275,000 in sales? Anyone know how many employees they have?

I'd like to thank Alex for putting this letter out there to finally allow me to sell my 10MM+ shares today. Has anyone ever read their financial reports?

The working capital hasn't changed since they were awarded the contract. I have been involved with a few gov't contracts, dod & doe. They don't leave award any contract w/o complete satisfaction of the vendor. Also, payments on a contract happen very quickly. They are submitted online, the VIPER system in the case of the DOE, and are paid within 3 days of the submission. This makes no sense after dismissing the protest.

This from D&B Hoovers

Murida Furniture Co., Inc.
725 Southbridge St
Worcester, Massachusetts, 01610-2916
United States
Tel: 508-755-5276
Marketability: Opts Out of Direct Marketing
http://www.rotmans.com
Employees: 164 (All Sites)
Company Type: Private Parent, Headquarters
Corporate Family: 2 Companies
D-U-N-S® Number: 01-974-2444
Reporting Currency: USD
Annual Sales: 46M
Total Assets: 9.6M

Corporate Highlights

Prescreen Score: Low Risk
Tradestyle: Rotmans, Rotmans Furniture & Carpet
D-U-N-S® Number: 019742444
EIN: 042206210
State Of Incorporation: Massachusetts
Year Founded: 1956

Import/Export Status: Imports
Plant/Facility Size (sq. ft.): 362,000
Latitude: 42.24185
Longitude: -71.812063

51 MM as of May 2. Not that hard to find.

looks like everyone left the building. Not a post in the last 20 min of trading. I have to admit I blew this one not selling on Monday. Decisions, decisions now.

No one knows?
How do you figure?

What filing is that from. Not in any filing from 12/31/17 to current.

What's your point?

There it is, looks like .1 didn't hold. Fill them .05's.

Placed my orders in at .05. I'll load 'em there.

Unsolicited inquiries would seem like someone potentially would like to acquire VTLR. Was just my first thought.

Interesting! Incoming inquiries, anybody want to venture to guess what that might be.
https://ir.virtualarmour.com/news-releases/news-release-details/virtualarmour-retains-leading-investment-banking-firm-capstone

I can never get a quote for the warrants on etrade.

What does the SBA have to do with this?

Not sure why there is discussion as to the filing. TMPS filed and 8k so you have to believe everything was filed correctly.

Isn't today 8 days from April 24? We'll see how long they want to fight this. In one of the previous links to rules of the protest, if the protest is denied, I believe they can appeal that decision which would further extend final resolution. I think the end result remains and the SP will run on the final determination, however, I think we're going to see a bunch of weakness in between. Not sure what I'm going to do here tomorrow. I think there could be a sharp selloff to previous levels. Decisions, decisions.

All I can say is wow! Sucks.

YE financials are out. Ask and you shall receive. Very positive results. Next step is to get to positive net income. It's coming.

CENTENNIAL, Colo., May 01, 2019 (GLOBE NEWSWIRE) -- VirtualArmour International Inc. (CSE:VAI) (OTCQB:VTLR), a premier cybersecuritymanaged services provider,reported results for the fourth quarter and full year ended December 31, 2018. Financial results are in U.S. dollars, withcomparisons made to the same year-ago quarter unless otherwise noted.2018 Financial HighlightsRevenue increased 48.9% to a record $15.6 million, driven by growth in the number of customers served as well as thesize of orders from new and existing customers.Managed and professional services revenue increased 79.4% to $5.0 million, due primarily to the addition of 14 new clientssigned under contracts over the last year.Hardware and software sales revenue increased 37.8% to $10.6 million, driven by additional customers as well asincreased order size from existing customers.Gross profit as a percentage of revenue increased to 25.8% from 20.9% due to a favorable shift in revenue mix to highermargin managed and professional services revenue. Adjusted EBITDA totaled $80,000Annual recurring revenue (ARR) totaled $4.1 million at December 31, 2018, up 41% from $2.9 million at December 31,2017. The company defines the term “annual recurring revenue” or ARR as the value of its service contracts normalized toa one-year period.Total contract value (TCV) was $9.6 million at December 31, 2018, up 73% from $5.5 million at December 31, 2017. TCVis defined as the total value of its service contracts including one time and recurring charges.2018 Operational HighlightsAdded 14 new clients, with 6 of these clients contracted with multi-year contracts within multiple industries, includinghospitality, healthcare, energy and K12 education. Contracted long-term engagements for professional services with four existing customers.Strengthened executive leadership with the appointment of Russ Armbrust as CEO, Andrew Douthwaite as CTO andMichael Panec as CFO.Established VirtualArmour Academy for cybersecurity education and training.Signed partnership agreements with three new technology manufacturing companies.Launched a Channel Partner program to focus on reselling VirtualArmour Managed Security Services.Expanded focus on new continental U.S. territories with the addition of two new sales directors.Expanded our Customer Experience practice with the hiring of two full time Customer Experience ManagersHired eight additional engineers to support growth of managed services and professional services.Created an Inside Sales practice with the hiring of new inside sales representatives to support outside sales
more in the actual release

I agree. I see last year they reported on May 2. Seems like a positive story here but no traction.

It is getting crushed right now. Shoulda coulda woulda!

"We look forward to continuing to increase stockholder value as we commence trading on The NASDAQ Capital Market."
Please Rory, tell us what metric you are using that suggests "continuing" to increase shareholder value. The shareholder value is down over 80% in less than one month. Is that considered increasing shareholder value? What a lying, piece of chit, scumbag!

It has just been authorized at this point.

Yes, I think people are forgetting that. I would like to know what they intend to use these B shares for.

It would take a pretty good RS to get the price to qualify for the NASDAQ.

Yes, if the terms are met, they could convert in 6 months.

the automatic conversion price to which the Conversion/Dividend Stated Value will be applied will be the lower of (i) $0.10 per share of Common Stock

They will converted at .10 a share, so effectively, for every B share they own, they will receive 14 shares of common stock. (The stated conversion price, $1.35, rounded up to 14 shares since they won't give fractional shares.

These new series B's convert at .10, or a 20% discount if the price is lower than that. Sweet deal for the B holders! Plus 12% dividend.

Very surprised nobody is picking up on this company! Great news and they are performing nicely. They have put together a great team and revenues are accelerating.

VirtualArmour Reports Preliminary Q4-18 Revenue up 136% to Record $4.4 Million, Full Year up 49% to Record $15.6 Million

CENTENNIAL, Colo., March 14, 2019 (GLOBE NEWSWIRE) -- VirtualArmour International Inc. (CSE:VAI) (F:3V3) (OTCQB:VTLR), a premier cybersecurity managed services provider, reported preliminary results for the fourth quarter and full year ended December 31, 2018.



Q4 2018 Q4 2017 %

------- ------- --------

Managed & Professional Services $1.4 $0.9 55%

Product Sales and Support Services $3.0 $1.0 213%

Total Revenue $4.4 $1.9 136%

FY 2018 FY 2017

------- -------

Managed & Professional Services $5.0 $2.8 79%

Product Sales and Support Services $10.6 $7.7 38%

Total Revenue $15.6 $10.5 49%



For the fourth quarter of 2018, VirtualArmour expects record total revenue of $4.4 million, an increase of 136% compared to the fourth quarter of 2017. Managed and professional services revenue are expected to total $1.4 million or 32% of total revenue, up 55% from $0.9 million or 49% of total revenue in the same year-ago quarter.

For the full year 2018, VirtualArmour expects total revenue to increase 49% to $15.6 million. Managed and professional services revenue in 2018 is expected to increase 79% to $5.0 million or 32% of total revenue, as compared to $2.8 million or 27% of total revenue in 2017.

"Our preliminary results indicate strong top-line growth across the board in 2018," said VirtualArmour CEO Russ Armbrust. "Managed and professional services were up 55% for the quarter and up 79% for the year, demonstrating tremendous growth in this higher margin segment of our business that has continued to be our primary focus."

"We achieved these results by signing several new multi-year engagements that generate recurring revenue, as well as by increasing the premium level of services utilized by our existing customers," continued Armbrust. "We also maintained a 100% customer retention rate through the year, which reflects our ongoing commitment to prevention, proactive communication, and investment in the best technology and most talented engineers. Favorable industry dynamics have also supported our growth, with more companies seeking the benefits of our managed cybersecurity services as high-profile data and security breaches continue to be reported in the media.

"As we begin 2019, we anticipate achieving another year of record financial and operational performance, with steady growth in our higher-margin managed services segment. The enhancements we have made to our propriety managed services platform, along with the industry partnerships we have formed over the last year, have significantly increased our value proposition for new and existing customers, with this supporting our positive outlook for the quarters ahead."

These preliminary results are subject to change with the completion of our audited consolidated financial statements for the year ended December 31, 2018. VirtualArmour plans to issue its full annual results and file with SEDAR before the end of April 2019 as required by Canadian reporting companies.

About VirtualArmour

VirtualArmour International is a global cybersecurity and managed services provider that delivers customized solutions to help businesses build, monitor, maintain and secure their networks.

The company maintains 24/7 client monitoring and service management with specialist teams located in its U.S. and UK-based security operation centers. Through partnerships with best-in-class technology providers, VirtualArmour delivers leading hardware and software solutions for customers that are both sophisticated and scalable, and backed by industry-leading customer service and experience. The company's proprietary CloudCastr client portal and prevention platform provides clients with unparalleled access to real-time reporting on threat levels, breach prevention and overall network security.

VirtualArmour services a wide range of clients, which include Fortune 500 companies and several industry sectors in over 30 countries across five continents. For further information, visit www.virtualarmour.com.

Important Cautions Regarding Forward Looking Statements

That's a different Billy Beane. Not the same person as the Moneyball.

They are common, not preferred. If they were preferred, they would be a different class of stock and I would not be making the point.

If you say so.

Not even close to being a relevant comparison. If they offered .15 for the company, that would be the comparison.

I asked myself the same thing yesterday when the PR came. Why would anyone pay 2-3 times the market price when 10-25% discount is the norm? I asked SR that question also. No answer.

Care to elaborate on the conversation?

Except that we're headed to a sixth straight red day. I wouldn't consider that churning.

Just curious why you think these have any value? They are all pretty old. What makes you think they'll be monetized all of a sudden.