A $740k difference between actual ARR and reported ARR for the financial year is a pretty major mistake. This indicates huge churn and/or pretty significant incompetence (how was this not picked up by executives and the auditor??), particularly when investors relied on the accuracy of this information in the capital raise for $5m a few months back - were they being purposely misled? I'm not surprised the SP is on a downward spiral. Major ongoing losses, poor management, misleading financials, churning customers... VLT will need some major changes and huge sales in the next quarter to turn this ship around.
VLT Price at posting:
2.2¢ Sentiment: None Disclosure: Not Held
