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02/05/17
20:39
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Originally posted by red-frog
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I had shares in Jabmail many years ago that listed on the NSX. Very illiquid and only ever went down. Changed names and consolidated a couple of times before disappearing off the board for good.
It only listed there because of the lower standards of compliance and value of the company.
The directors kept taking shares for services rendered as raising money was difficult, until they virtually owned what was left of it.
I guess if VNX doesn't try something then shareholders will own nothing eventually. At least some will find it easier to sell out if they wish.
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Two totally different things you are comparing here, one is a telco and one was a try at getting on the email band wagon.