First we know they did not make any additional sales in Q1 and they will have to do something soon with increasing the authorized common share count to bring it past all the potential conversions on a fully diluted basis soon. Other than that we all know they increased operations expenses by at least 130% by adding one sales guy and 7 R&D guys. We also know since they have no cash and all those additional R&D guys usually get paid in stock, which again takes us back to the authorized common share count issue. Yes will have also a need to raise cash because at YE they only had $192K left and they are burning cash at a rate of $300-$500K per quarter.
Like always VLDI is still kicking the can down the road expecting potential sales in Q2 or Q3 and expecting $75K from the ISV for the VP product integration into their banking developmental stage product in Q2.
Just think about it only one real sale with an ISV, and one shell company deal, in 27 months since version 3.1 was released and since 20+ leads in August 2016. I hope this added sales guy knows what stealth mode means and is worth his weight in gold, since when the two existing sales guys plus Bruce, plus all his channel partners can only make one real cash sale on a cutting edge product, either the product is what its claims to be or everyone is totally inept in sales and marketing.
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