Folks the loan terms really need to be read by the people posting on here. I have posted it once before. There will be no dilution or note converting before May 4th. Those are the terms of the loan. The loan was issued Nov 4th. Payments begin May 4th. The terms in the loan even state that no notes are to be converted until May 4th. I could understand the "dilution panic" on here if the date was close to May 4th. Today is February 17th.
This is a penny stock and they have phases/cycles. The pps goes way up (some will call it a pump). Then there is dilution, then there is distribution, and then everything gets repeated. The current phase VHUB should be in now is the one that happens before the dilution and distribution phases. Between now and May 4th it is in the company's best interest, their market maker's best interest and the lender's best interest to get that pps up. I think there is a high possibility that sometime either this month or in March or in April there will be an "event" whether it pertain to VHUB only or the sector as a whole that provides a catalyst for such a rise in pps.
My opinion and strategy with this is the same with any penny stock. That is have some fun with it until the dilution phase comes. That phase doesn't even have the possibility to begin for another 2 and a half months. By May 15th Q3 will be due and that one will tell you if this company has any ability at all to pay back with cash. Until then have some fun here because you should be able to make some money. I'm not going to pretend here. I don't invest long term in penny stocks so I won't be around in May. I play them short term or intermediate term only. To each their own, right? Below is the terms of the loan from the filing today found on page 13. It is the same as it has always been BTW. Best wishes everyone and trade smart.
"Beginning on May 4, 2015, the Company is required to repay the outstanding balance on the Company Note in
monthly installments of approximately $35,000 per month plus all unpaid interest and other costs, fees or charges
under the Company Note. Payment may be made in cash or, subject to certain conditions, in shares of the
Company’s common stock or any combination of cash and shares. If payments are made in shares, such installments
or portions thereof are, subject to certain conditions, convertible into shares of the Company’s common stock at the
lesser of (i) a conversion price of $0.10, subject to adjustment or (ii) a price that is equal to 70% of the average of
the three lowest closing bid prices of the Company’s common stock in the twenty trading days immediately
preceding such conversion, subject to a floor of $0.01. In addition, on the date that is twenty trading days from the
date the Company delivers installment shares to Investor, there is a true-up where the Company is required to deliver
additional shares if the installment conversion price as of the true-up date is less than the installment conversion
price used to deliver the initial shares.
Beginning on May 4, 2015, all or any amount of a conversion eligible tranche (as described below) under the
Company Note is convertible, at the option of the Investor, into shares of the Company’s common stock at a
conversion price of $0.10 per share, subject to customary anti-dilution adjustments and other adjustments described
in the Company Note (the “Conversion Price”). The Company Note is convertible into shares of the Company’s
common stock by Investor in eleven tranches consisting of an initial tranche of $217,500 plus interest and other
amounts due which may be converted into shares of the Company’s common stock at the Conversion Price at any
time on or after May 4, 2015 and ten additional tranches (each a “Subsequent Tranche”), two of which are in the
amount of $105,000 plus interest and other amounts due and eight of which are in the amount of $157,500 plus
interest and other amounts due. Each Subsequent Tranche may not be converted into shares of the Company’s
common stock unless the Investor has paid in full the Investor Note corresponding to such tranche, which payment
requires the Company’s consent. Subject to certain conditions based on the trading volume and trading price of the
Company’s common stock, the Company may also elect to convert the entire outstanding balance under the
Company Note into shares of the Company’s common stock at the Conversion Price."
AI
