Friday, August 14, 2015 8:16:55 AM
Let's start with where I agree with you. I too think that technical indicators are not very reliable with this stock, because we have frequently seen end-of-day small orders being executed where it seems the purpose of the transaction is merely to "create" the technical effect of the chart.
Secondly, I think it might be logical for the Gotama folks who were compelled into converting the debt they hold into shares at 15 cents per share to try to do a pump so they could dump. The fact that the VHUB board wasn't expanded to include a Gotama representative does give me a bit of unease. But I think if there were going to be a pump and dump, it would have happened by now.
Where I disagree with you pretty vociferously is in regard to your evaluation of their products. While I'm not a consumer, this discussion board benefits from the presence of a couple of dealers, and they have a good track record of supporting their beliefs with actual experience.
Overall, while buyers always need to beware in the realm of penny stocks since it appears to me that most of them go nowhere at best and down the drain at worst, VHUB is a legitimate company with strong sales. If they can get their expenses under control and become profitable, I think we'll look back at the current stock price level as having been a bargain. Also, we do need to learn if their search for additional equity capital is going to bear fruit, and if so, at what pricing of the new shares. Finally, I think that the company will be better off when it can add outside directors (it appears that the incremental cost of the D&O insurance is the barrier that right now).
In the end, for all we know you may be able to buy on a dump - the stock has a thin market, and the Yogi Berra saying about how predicting is hard when it's about the future seems suitable here - but I think that the case for the bulls is a better one right now than the case for the bears.
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