bounce, page-14

Jaluma,

The overhang I am referring to is just from shareholders who want out on any bit of good news. Volume's have been very low in VMT - barring today but this confirms what I am talking about; as soon as there is any buying people will fall over themselves to fill the orders. I know of a considerable number of people who will take any opportunity to get out between 2.0 and 3.0 cents - and although I am not sure of the exact numbers of shares these people hold, I know we are talking about many millions of shares here. Imo, this will make it very difficult for the sp to move even if there were to be a once off positive announcement of some sort of new contract. I suspect that I only know about a fraction of the people that are holding on in the hope the stock will see a minor rally at some point. I, for one, if I can get out with only a 20% haircut, am most likely to do a runner myself (given that most people appear happy to sit back and let whatever is currently happening continue). I know there are many shareholders who have similar feelings and these are guys and galls that have quite a considerable numbers of VMT shares accumulated over the years (like so many others we all "averaged down"...how silly was that in hindsight?). Anyway, it just means imo, that the stock price has no real hope of moving any time soon. As my historic posts will show, I ultimately was not a fan of the Goodman/Fielder group at the time but if they had another crack at it (which I am sure they won't - given all the nastiness that ensued) I would seriously reconsider my position just to force something to happen,...anything. Without change, we just keep chewing through money, more people get frustrated and that invisible overhang will just keep building. Its a shame because the product is a good one, the market is ready but we just do not have the internal experience/capability to deliver the goodies imo. That's why I believe holders are happy to exit if the opportunity arises - there are always alternative investment opportunities that present (more) value. Such a waste of time, money and energy. Suspect the AGM this week is likely to re-invigorate a few of the die hards but will no doubt fizzle out again when it all turns out to be much of the same compared to previous AGM/EGM promises. All of this is obviously only my opinion and my experience...