Forcendra Holding Ltd · Advertising Agencies

VSME

High riskNext report: Not enough history

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The short version

A company still losing money with shrinking sales, with high risk.

Going well

Buying back shares: share count down 42% in 3 years

Watch out for

About 3 months of cash left at its current burn
Losing money, losses are large next to sales
3 offering filings in 6 months (may sell new shares)

Money moves

No insider buying or selling in the last 30 days

Facts from SEC filings, not a recommendation.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

1/5Weak

MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-114.5%
MissProfitable every yearSteady profits, not one good year.1 of 5 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$3.5M
PassShare count not growingNot diluting owners. Falling means buybacks.-42.0% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.23.7%

Revenue: $7.5M; -8.8% vs prior year
Current ratio: 1.47x; short-term assets / bills due
Free cash flow: -$3.5M; -46.9% of revenue

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, debt under half of equity. A checklist is a starting point for research, not a verdict.

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

54/ 100

This week: 1
Normal week: 0.8
vs normal: 1.2x

SEC filings of any kind. 50 means a normal week.

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-16.6%

Cash runwayAt last year's cash burn

3 months

Debt to equityLatest balance sheet: debt compared with what owners have

Total liabilities $5.2M

Shares outstandingLatest reported

55M

Why high risk

Losing money, losses are large next to sales
About 3 months of cash left at its current burn
3 offering filings in 6 months (may sell new shares)

Earnings reports

Last 0

Next reportNot enough history

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (passive)Sep 25 · View filing ↗Big holder F-3/AAug 21 · View filing ↗Offering F-3/AAug 7 · View filing ↗Offering F-3Jul 28 · View filing ↗Offering

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

6-KOct 21 · Form 6-K ↗6-KOct 14 · Form 6-K ↗6-KOct 2 · Form 6-K ↗6-KOct 1 · Form 6-K ↗5%+ holder update (passive)Sep 25 · Form SCHEDULE 13G/A ↗6-K/ASep 24 · Form 6-K/A ↗6-KSep 23 · Form 6-K ↗6-KSep 11 · Form 6-K ↗EFFECTSep 11 · Form EFFECT ↗F-3/AAug 21 · Form F-3/A ↗F-3/AAug 7 · Form F-3/A ↗F-3Jul 28 · Form F-3 ↗6-KJul 15 · Form 6-K ↗6-KMay 22 · Form 6-K ↗20-FApr 30 · Form 20-F ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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