I appreciate you locating the PR to confirm the previous estimate.
I usually don't put too much faith in revenue projections (especially on the OTC) as they are often too optimistic. In this case, with the timing of the projection being so late in the quarter and what looks like it will be missed by a pretty large amount (based on the NT10K). It leads me to believe they were projecting in an order (or contract) that they were not able to fill by the close of the fiscal year. If this is the case then the 10K should show the difference (roughly 600K) listed as Deferred Revenue in the Liabilities section of the Balance Sheet.
After delivery of the product it would then transfer to Revenues on the Income Statement for Q1.
Of course this is just a best guess as to why the revenues did not meet the original projection but given the timing as you pointed out I think it is a reasonable assumption.
When it comes to price projections on the OTC it is kind of a fools game as so many variables can make a well thought out price call look stupid (and give the naysayers fuel). I will however tell you that with the amazingly low float VHUB has and it's rapid revenue growth I think we are strapping ourselves onto a potential rocket. To give you a hint of my optimism, I have two sells in the system already; one in the high .40's and one in the high .60's using previous chart resistance levels as my guide. I have the time and $$ to just sit on this one and let it play out. I will add to my position on weakness and hold it as well.
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