Two weeks and we will know. I'm not sure about them making a profit though because the last quarterly shows they have blown nearly $1.3 mill in cash the last 6 months. Wonder whether the Chairman is currently drafting his usual letter to SH justifying why the result isn't as bad as it seams. If we deduct this and add back that, look we make a $2 profit (sorry EBITDA). Equipment is a cost.
If Vonex doesn't start generating cash soon then I'm out. You can only spend more than you earn for so long before you dilute all the SH with another cap raise.
VN8 Price at posting:
23.0¢ Sentiment: None Disclosure: Held
