Saturday, February 27, 2016 7:48:46 PM
Yes, you misunderstood my post, but only because I wasn't clear, so thanks for giving me another chance here.
The $1.6 million of "full credit availability from Typenex" (for lack of a better terms) is indeed history, and you and I agree on that. The $1.6 million number that I had in my mind is the sum - turn to the 10Q balance sheet - of all the short term and long term loans including the derivatives balances (I probably should go back and present the numbers here line by line, and may do a second post to see if I come up with the same number today that I came up with yesterday afternoon in a bit of a rush).
I'm just saying that if all that debt converted into common stock at about 1.5 cents per share, VHUB would be a loan-free company that would be very viable for the long haul presuming that sales growth would resume at a level that the whole industry is expected to experience per the Wells-Fargo report of some months back. Such a company would be exceptionally attractive for acquisition, and the new majority of shareholders (who used to own the debt) would likely force the company to be made available to the highest bidder.
Am I doing better here in explaining why I'm as positive on the company fundamentally as you are technically? Thanks for your patience with me!
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