InvestorsHub Logo
Followers 30
Posts 1006
Boards Moderated 0
Alias Born 10/15/2017

Re: DewmBoom post# 164858

Wednesday, 07/01/2020 11:46:49 PM

Wednesday, July 01, 2020 11:46:49 PM

Post# of 186029
I don’t think the Virus is what is plaguing VRUS. Though it has no doubt has added to the issues.

I think everyone would give them a pass for revenues in Q2. I have no issues there and will even give them credit. It’s the unrelenting debt and growing revenues at any cost that I have issues with. It equates to not being financially responsible I have a huge problem with that.

Opportunities come and go in life. I see them daily in the market. I don’t always have the funds to take advantage of each one. But I wouldn’t ever consider skipping a mortgage payment because there was this one opportunity that was impossible to pass up. That’s called fear of missing out and that’s a grossly undisciplined act from the management of a publicly traded company. It’s irresponsible or even negligent at best. We payed for $500k of inventory, rather than servicing our financial obligation (debt). He’s basically taking our money to fund revenues. I never agreed to that.

“A wise man thinks ahead; a fool doesn’t, and even brags about it!”
Proverbs 13:16