Sunday, February 24, 2019 1:38:51 PM
Their price increase in the past days was based only on an expected future business. They haven't had any income until now. On the other hand we already have proved a real business and had an income of $1.4M for the last reported quarter. The best part is that this is going to show a number considerably higher when we get the 10K any day from now, for the reasons we all know.
And the most important part for me comes when you compare debt. They have much more debt than us and theirs is highly dilutive vs. ours that comes from friendly equity-oriented investors. Their short debt at December 2018 was $5M and ours is only $2.0M (the $1.45M just announced with the retirement of notes plus the $530K from Monaker).
I checked their financial filings vs, ours and their financer gets around 40% and 43% discount to the lowest trading prices for the previous days vs. our only 10% discount, very strange in OTC.
Theirs includes also a considerable amount of derivatives that I find dangerous for investors.
I think future is important but is much better when it comes with a proven business, which is our case. Also we chould not forget the M&As that will come.
VRUS
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