A few points...
With respect to announcing today...
- News of substantial changes to a company must be notified to market ASAP. Hence announcing it today.
With respect to the holders numbers...
- There are also 14,117,647 shares that were the converted commission - but I have left these off anyone's holding as yet until I know who they "belong" to.
- If the $2m is $1m each - yes, both will be just under 5% (inc the 14m shares in my first point)
- If the $2m is not split equally, then certainly one will then be a Substantial Holder.
With respect to the RNO raising...
- It was a "generic" CR to institutional and sophisticated investors - of which the sophies may unload for their 6% or more as soon as they like. I much prefer a placement like VOR achieved as it is very unlikely that a single share will be sold back into the market in the short term
- What SP they closed at is of interest, but I'd wait a bit longer to use SP to judge the effect of the fundings
- Does a glossy 30 page presentation add anything to the companies value?
And with respect to "Vortiv" ....
- Meaning? Isn't this really just individual opinion? Arguments could be made for the use of a "manufactured" word as easily as they could against a "manufactured" word
- Retaining the old name and its links to TSI would definitely not help a company trying to market itself in a new space
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