Thankfully I sold the majority of my shares a couple of days ago and only have a small holding left. But I'm still rather annoyed that the share price softened by some 30% in the past week, somewhat inexplicably given no official news until now. Not sure how many of us enjoy taking leaky ship but I certainly don't, and odds are the share price will fall further than it otherwise would have come next week. That said at this point I can really only hope that the capital raising, if that's what it is, is successful and the company actually survives at all, which is a very disappointing situation to be in. Someone with a steely disposition who enjoys taking big risks could use this time to buy in and possibly make a motza from it down the track a bit, but that ain't going to be me. I will however be very interested to hear reports back from the general meeting - I'm sure there will be a lot of probing questions requiring detailed explanations which might help to bring down the information firewall and put shareholders better in the picture.
VXL Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held