You remembered absolutely correctly, Hostastock, as regards the general theory I suggested that VHUB could wind up with 500 million shares issued, be debt-free, be running profitably, and have its shares selling at something like 4 cents based on a price-earnings multiple of 20 applied to a million dollars of net income. I had pictured at that time that there would be something like 400 million new shares issued at a conversion value of $.005, but now that the stock is already down to that level, it surely would appear that there'd be more dilution, a reduction in eventual EPS, and a lesser target price than 4 cents.
I had believed that Typenex would hold rather than dump its newly-issued shares, because they could come up with the same logic I did, namely that they'd do better by holding onto shares of a profitable company than dumping them at rock-bottom. But I'm starting to think that they've been dumping, given how low the VHUB stock price has gone today.
What's missing right now is the transmission of the message by VHUB to the SEC EDGAR database of a filing as to what happened with debt due on June 15. Either the debt was paid from strong quarterly earnings, was paid via conversion into shares, or may even have been paid by the Winthers loaning more dollars to the company. That we don't know what happened is part of the reason that the stock has been declining further, as the market hates uncertainty.
