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11.5¢ valence industries limited

Ann: Corporate Update, page-8

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ausheds

19,587 Posts.

4975

04/03/16

16:00

Post #: 17191197
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Originally posted by Flying Roo ↑

Really need to see some board changes for me to stump up 1 cent as have never seen a company fall from grace so quickly .ASX company of the year 2014 to &5$&5@ in 2016. They have made it tough for shareholders as they are asking shareholders to double our stake with @ 9 to 1 offering .. option 1. So if buy all our entitlement we basically need it to get to 2.2 cents to recoup our money from 11 .5 cent close and we have a free option.. option 2 If take entitlement we have doubled down and the company still goes under . option 3 Don't take entitlement its a long way back from 1 to 11.5 cents to recoup any loses back.
Last company to do this was AGO (Atlas) and that has not gone well for peeps who stumped up @ 4 cents with option ... Good Luck And DYOR

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Board simply trying to save their own butts here, all they've been doing for 6 months or more.

Needs some of the major SH's to stand up, sooner rather than later.

VXL Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
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