May. 21 at 6:33 PM
$VISM :
• 3Q 2026 10‑Q shows zero revenue; company remains effectively pre‑revenue.[stocktitan +1]
• “Landmark”
$20M West Africa data‑center contract still has no activities commenced or revenue recognized years after announcement.[newswire +2]
• Highly promoted
$60M Angola framework and EXIM‑linked
$100M Africa financing remain non‑binding and have not progressed to definitive, revenue‑producing deals.[finance.yahoo +2]
• Latest filings shift the story to an AI pivot (TruContext, “agentic AI”) and a non‑binding LOI to acquire ConnexUS AI (~
$374K ARR), with the deal still subject to multiple closing conditions.[stocktitan +1]
• Balance sheet is distressed: minimal cash, large working‑capital deficit, going‑concern language, and ongoing dilution risk.[simplywall +1]
• Management’s 2026 communications barely mention the old Africa numbers, which the market should now treat as low‑probability lottery tickets, not base‑case revenue.[otcmarkets +3]