The CEO was talking how big the Purchase Orders he received were, and was talking about buying back shares and reducing the float. While he was saying that, he was tripling the number of shares issued, from 670,000,000 VTNL shares to 2,195,849,432 VTNL O/S, increasing the A/S thrice and contracting $490K of new debt, all toxic convertible debt at ridiculous discounts.
He deceived his shareholders during Q1.
And now he is confident of making $1.5M of sales. Is he lying again ?