sub 10c soon?, page-14

Strange trading today with all trades going through at 8c exactly. Looks like the sort of trading organised by a Broker.

ie
Customer A owns VTG and wants to get out of a large position. He rings his broker.

Broker checks out the share, rings his smaller customers to off load VTG for Customer A.

Customer A is happy, Broker is Happy.

I am certainly hoping VTG show a profit this half year.

I will be very interested to see their cash position.
I reckon they will be running a very slim cash balance.
Also look at Accounts Receivable and Accounts Payable.
I expect both will be uncomfortably high.
Rumours of stock outages in December due to being on credit hold appear to have some weight..

http://www.intelligentinvestor.com.au/articles/264/Retailers-on-the-brink.cfm?articleID=837860