Virtualhealth Technologies Inc. (OTCBB: VHGI): Need Drugs? Surf the Net!
Have you ever dreamed that you will be able to subscribe to drugs via the Internet? This seems to be a very interesting, though not a fully developed technology all over the world. However, Virtualhealth Techs seem to be on the way to making this service available.Virtualhealth Technologies Inc. (VHGI.ob, or OTCBB: VHGI), together with its subsidiaries, develops and markets Internet prescription drug technology in the United States. I hope after this is accomplished in America, we will be able to try this service in Europe. All in all, the company has to achieve much more in order for this dream to come true.
Looking at the recently published quarterly report of June, one thing makes me worry the most. VHGI isn't able to cover all its debt which has increased up to $3,857,000 in comparison to $3,728,000 which was in March 2009. Although assets have slightly gone up, it's still not have enough money. In addition, long-term debt keeps expanding: from $356,000 last quarter it reached $390,000.
The negative situation of the company is also reflected in the share price. Stuck at the price of $0.28, the stock is trading in a very illiquid way. The stock promotion, which cost 150,000 shares to Out Cast Trader, did not help as well.
If you consider hard financial situation, undeveloped business plan and the stock price illiquidity, would you dare to start investing in Virtualhealth Techs?
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