Butterflies5
Oct 11, 7:42 AM
$VNTG Seeing as how this forum is completely DEAD and void of any due diligence....
Let me toss out a few positives from the most recent quarterly report and conference call.
According to SEC filings, Vantage has approximately
$8.9 million dollars in CASH on it's balance sheet. This represents 45% of their entire
$19.67 million dollar market cap. They appear to be exceptionally well capitalized and do NOT need to come to market (dilute) to fund daily ship brokering operations or the Hado SaaS expansion.
Their cash burn rate is only
$800K -
$1M ANNUALIZED. Seeing as how they have nearly
$9 MILLION dollars in cash vs a
$1M annual burn, provides them with a cash runway of 8 - 9 years and that's if market conditions remain completely flat.
The simple fact that the company recently completed it's
$1,000,000 dollar share buyback and RETIREMENT of shares back to treasury, speaks volumes that the co feels the PPS is grossly undervalued.
That's it in a nut shell - my two cents
2 replies