Good evening, Gustavo, and here's an instance where I'm in agreement with you. While the 10K was actually fascinating and enlightening reading for me (somewhat unlike your experience, I realize), your "read between the lines" approach came into play when I read the related press release.
One should always look for what isn't addressed in a press release (sort of reading between the lines when there is actually no line to read between). In VHUB's case, the press release sung the praises - and correctly so - of booming sales and gross revenues. But the press release did not take the extra couple of sentences to speak at all about the bottom line and related cash flow implications.
I do believe that if a company lets the public make its own determinations about the meaning of items not covered in press releases, the public will generally be much more negative than whatever matter merits ("what are they hiding?"). So I understand your skepticism regarding the potential of the company and of its common stock.
I still maintain an overall bullish view of the stock at current levels, believing that the company should be able to recapitalize its way out of an unfavorable short-term debt structure, given how sales and gross margin are trending. ...and I would hope that you've pulled back at least a little from your "scam" view. In any event, I do respect your point of view, and we'll both see who is more correct when some more sales and bottom line numbers appear within a month from now.
