Happy new fiscal year to VHUB and happy Independence Day holiday and weekend to you, Hostastock,
I recall that one of the recent questions that you and RPH have been conjecturing upon involves the "wall" at the mid-4's, or why is the stock price being suppressed. If I were a less trusting person as regards the question of manipulation, I'd be tempted to think that the Company would want to make its options more attractive to its executives and board members by having the striking prices as low as possible (and shortly thereafter issuing the pent-up good-news press releases).
The main good news for the Company revolves around the 8K form announcing that there will be no further Typenex tranches being utilized, meaning that the company believes that its recent bridge financing (in part with Typenex, in part with BofI) is enough not only to grow inventory but also to take care of principal repayments on the couple of hundred thousand dollars of Typenex loans that actually were processed.
That same 8K also had some additional great news, namely that the Gotama loans were being converted into stock. Ordinarily, you might label it dilution, but when the Company is issuing stock at a stated value of 15 cents per share when the stock price is about one-quarter of that amount, that most certainly is not dilution. I reviewed those loan terms awhile ago per the 10K, and it really turned out to be true that the Gotama loans were convertible at VHUB's option.
So, what's left to happen in the near future is the announcement of the results of Company's late-May search for $1-5 million in equity funding (I'd reduce that number by about $600,000 as the cancellation of the Gotama debt is in fact a boost to equity).
I'm open to any other interpretations of the recent news pieces.
