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Monday, November 14, 2016 7:51:06 PM
The truth is that VHUB actually did have two consecutive months with over a million dollars in sales. The incorrect belief is that those months were July and August, as contrasted to the truth which was that those months were June and July. Thus, the conclusion that was drawn that September sales amounted to only 500K is likely to be on the low side, as August sales most likely didn’t reach the million mark. Beyond that, the company’s own goal – as you’ll read in the August 29 press release – is “to grow at [only] a 10% rate month over month.”
Now follows the documentation I promised, then followed by some commentary I’m offering this evening.
From August 29 press release regarding an interview with Kyle:
Q: What milestones can investors expect over the next 12 months?
A: Vapor Hub International has a goal to continue to grow at a 10% rate month over month. We plan to achieve these goals by continuing to develop new products, increase the marketing, and hire seasoned sales representatives. We had our first $1 million sales month recently. It is important to note that we are a public company. Now is the time to become part of an industry that experts believe will outsize the current tobacco industry. We are very aware of the need to increase shareholder value.
From August 17 press release regarding sales for June and for July:
Bolstered by a strong marketing effort featuring the release of new, innovative products and increasing its strong international presence, Vapor Hub International Inc. (OTC: VHUB) (www.vapor-hub.com) today announced that sales in July 2016 topped one million dollars for the second consecutive month, a first in the Company's history.
"Sales totaled approximately $1.2 million and the Company's profit margin again increased. Our creativity in designing and marketing products that consumers want at an affordable price combined with increased worldwide sales has allowed us to post these sales records," said Kyle Winther, VHUB CEO.
Putting this all together, since the prior fiscal year’s sales totaled $6.5 million, the company is looking for maybe $7.2 million in the current fiscal year, which is a crapload less than the $12 million I had been imagining based upon annualizing the June and July average, and then discounting by maybe 10% to allow for my lifelong tendency towards undue optimism.
All that having been said and properly lamented… as others have pointed out on this board, a penny stock running over $5 million in annual sales should be carrying a market value more than the roughly million dollars that VHUB is currently carrying.
But I’ve got to be honest here regarding my current disappointment in the quarterly gross revenues. VHUB, with its constantly being almost at the cusp of profitability, reminds me of Milton Berle’s (I sense some of you youngsters running to look up the name in Wikipedia) old self-disparaging lines: “I have sex almost every day. I almost have sex on Monday, I almost have sex on Tuesday…” VHUB for the past year-plus has seemed ready to really bloom and then something goes amiss, like FDA releasing regulations or ijoy flaring up or paying debt with cheap-stock.
It will be interesting to see how the stock reacts on Tuesday…
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