first up. whats this vil v2 talk. seams like its from the inside to me or has Mr freeman resigned as well. He was a director from 2010 and has been a part of ALL the bad decisions. seams to me the new directors have come on board to support the main shareholder. Thats how i read the announcement as there was no plan announced and it made a point of having the biggest shareholders support. what really peeves me is the performance options that will be 13% of the comapny will be given away at a pre consolidation price of .001c. Now the company was trading at .002 before the announcement so if they are saying .001 is the new benchmark for performance then they are not getting my vote.
By the way. They have to get shareholder approval for a .007c offer as its over 15% of the company. They got approval for a .001c raise not an .0007. shareholders will have to approve it and a consolidation as well as no company can issue shares that will be untradable as .001 is the lowest price
VIL Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held
