My honest opinion... K-Winther is Playing PLY-tech
We don't know enough about PLY or their real intentions as far as we can throw a stick. I've seen many deals fall apart. You don't just put an arbitrary Asset Valuation of $1Million willy-nilly and accept that to taken as gospel.
Is he entertaining another offer that hasn't been made available to anyone ?
Is he looking to low-ball with these filings as to instigate further negotiations with PLY for a sweetened tender
Is he making things look worse than they are so that he and his insiders can accumulate more shares on the open market ?
Those who have any clue into how to read financial statements and filings can clearly see that $VHUB is a viable business in comparison to so many duds that are flying off the shelves these days carrying numbing debtloads and death-spiral toxic financing.
Sure they've had their P&D days and there own toxic-financing conversion issues in the past.... which ticker hasn't. Kyle and his family probably didn't know the game works at first. But they wisened up over the course of getting stung over that process.
There is NO way this PPS should be around $0.0063/sh. I'm just looking at valuation relative to peers, current market multiples (in some generalities). There is now a Glaring Gapfill on the chart as well (if that matters to anyone) but for whatever reason people are getting spooked that this Filing is the be-all-and-end-all they are sorely mistaken.
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