One of those set & forget investment, if you are in Penny Stocks
VISM has been dumping forever and shareholders losing money consistently. Yet, i took a position on the long side recently. The company recently filed a 8K with SEC stating about its agreement about getting an exclusive right to market a cyber security technology called Cygraph . This is originally developed by an NFP named MITRE who created this framework with federal funding and mostly used in federal agencies ( as found on the internet ) . Now, why they give exclusive license to VISM to commercialize this is a big suspense. However , i decided to read the details of the agreement to collect important piece of info , in order to keep the license, VISM need to meet few conditions
1. They need to raise 2 million dollar in funds from accredited investors in 18 months and also sell at-least 5 commercial sales . However they also have to pay fees to MITRE while having this license active. So, i like this part as we shall now shortly if its working or they loose the license
It's tough to comprehend if the company is making appropriate effort to meet this condition, the company has also claimed that they would have product ready in online software selling platform called Nutanix. Now this is a loss making company with low shares floating and recent eps at -.003 . The company being small with only 4 employees , i am skeptic on their capability to pull this off commercially, but i would like to chance here , either make 20 times the investment or investment going worthless
Here is the SEC Filing for anyone who wants to read the details the company themselves shared
sec.report/Document/...001654954-20-005363/
When investing in penny OTC stocks , the main problem is lack of reliable information. Reading their 8k filing and looking over the history of reverse split and how the share value have dropped over a long period of time ( they have been in business for 30 years ), i don't recommend anyone putting money on this stock they can't afford to loose. If you invest, remember the upside is extreme if we see any real progress and update from their end in the next 18 months on FUND RAISING AND MAKING COMMERCIAL SALES. If their is no progress and they are playing games , the price of this stock should continue its journey with natural gravitational force !