It's been an interesting nearly four weeks for VHUB since March 11 when Cerp referred to the company/stock as a "dead cow." The price then exploded to the upside to as high as nearly 5 cents and today closed at around 2.6 cents, which is really close to the closing price on March 11 which was around 2.7 cents. So, with all the volatility, we're back where we started. VHUB wasn't a dead cow, but one which showed some life, and good people can have differing opinions on whether we have one kind of cow here or "an-udder" (sorry).
But all the regular posters on this board know about the recent stock performance. Let me share with the group what's intriguing me at the moment. Folks are waiting for the mid-May reporting of the Q3 financial results, centering around the gross revenues number which was not that impressive in the prior quarter. I believe that there is an earlier event to pay some attention to...
Take another look at the February 25 8K which you can access from here, and you'll find this sentence about the restructuring of the Typenex/Iliad debt:
(c) a payment equal to the remaining aggregate outstanding balance of the Notes on or before April 15, 2016, which payment must be made in cash (collectively, the “Note Payments”).
April 15 is a week from Friday, and I would expect that there'd be some kind of press release celebrating that Typenex has been taken out pursuant to the covenants of the restructuring, other than in its role of shareholder due to prior conversions. If there is last-second restructuring rather than payoff in cash, I'd be concerned that the sales numbers for this quarter aren't shaping up.
However, given the reporting on this board about how product is racing off the shelves and is being backordered, I'd lean toward optimism here. The facts will speak for themselves soon enough, and I wish the gang here good luck!
