Unlike most here, for me it was always how bad the 10Q is going to be, not the other way around. Nevertheless, I see 4 positive things in this 10Q going forward:
1. The 143,256 Deferred Revenue = software is selling although much lower than management "projections"
2. ABHI was able to sell a portion of their business for almost twice the current market cap of the company: "On December 18, 2015, the Company agreed to transition the production servers of the data center to PCD for a payment of $300,000."
This clearly means that Veloxum is worth a lot more than the current market cap.
3. These two statements: "Management expects its new business for automated optimization of software applications will generate more revenue in the quarter ending January 31, 2016 and continue to grow."
"We expect that revenues from our new business for automated optimization software application will increase once we launch our tool in the MSP and gaming markets in both the United States and internationally."
4. If I am not mistaken, they have not issued any convertible debt since late September and are now able to borrow money ($250k in October). If this continues and software revenue grows, we might see the end of dilution here. Maybe that's why the company did the RS with a low OS.
GLTA
AI
