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  • Get Vertical!!! VCSY 0 comments
    Oct 15, 2013 3:01 PM

    Vertical Computer Systems Inc.(OTCMKTS:VCSY) gained momentum steadily climbing upwards it exploded as it entered the month of October. It marked its 52 week high of $0.11 per share this month and now trades around $0.10 per share and tends to move higher. In most recent session of October 10, the stock traded in explosive volume over 5 million shares valuing over $600 million.

    VCSY did not seem an attractive opportunity for investment at first glimpse as back in 2004 the stock got suspended by SEC due to the negligence in their reports. However, now after eighty years the company's filings are up-to-date but still it is felt that the management is not really into discussing the company's operations with its shareholders. As so far over the months only one press release can be found, and the website of the company isn't even much informative.

    The company's recent press release announced the closing of licensing agreement with an entity known as UniFocus, Inc., which shows that the company has one developed product at least, which should mean a source of revenues for the company.

    Taking a look at company's financials we did manage to find some figures under the revenue section but overall the fundamental state is quite grim. The company has $36 thousand cash, with $480 thousand current assets along with increasing liabilities of $13 million over assets. The company generated $1.4 million revenues but incurred a significant net loss of $114 thousand.

    Despite the fundamental state of the company, we can see the stock rising steadily with ever increasing attention of investors. How company is managing to gain such attention remains a question as only crickets could be heard in the news room of the company. Whatever the case is investors need to be careful before committing themselves for long terms with VCSY.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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