Good evening, Hostastock and RPH,
As regards equity investors entering VHUB, let me copy into this post part of my posting from May 20, which is the main body of an e-mail that Paul Knopick distributed seeking equity capital for presumably, even though not identified by name, VHUB:
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Vaping/e-cigarettes is a new, multi-billion dollar sector, growing rapidly. We have a client in the sector that is, we are confident, the most creative company and also sound financially and in its management team. They anticipate $6 million in sales this year and $10 million or more next year. They are looking for an equity investment (not convertible debt) of between $1 and $5 million. If interested, please contact:
Paul Knopick
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There are two inferences to be drawn:
1. It is no surprise that rumors would be swirling about new investors eager to enter VHUB, since the company itself recently instigated a call for equity investors (as contrasted to potential equity investors via dilutive conversion provisions of convertible debt). I have every reason to believe that there would be lots of expressions of interest to Paul's note by now (heck, even I forwarded Paul's note to somebody I know, and I have no idea if anything came of that).
2. Given the May sales of 630+K, April sales certainly less than that (as May was touted as the best month ever), and prospect for June sales having been described as good rather than looking to beat May, it would now appear that the $6 million in sales looked for in "this" year pertains to this calendar year rather than to fiscal year about to end in a couple of weeks. I predicted in a recent post $1.6 million in sales for the current quarter, and if they get that same number for the September and December quarters, that would take them to right around $6 million for the calendar year.
Beyond all that, I'm no technical charting expert (I don't even play one on TV and I have never stayed at a Holiday Inn Express), but I know enough to congratulate the bulls that .042 which was a level of resistance has been turned into a level of support. The risk/curiosity right now is what the pricing will be for the new equity (we already know the pricing for at least some of the 20 million potential shares involved - the 8K showed 3.8 cents which is a little under the most recent close).
Have a good week!
