But there will be new money coming into the Company, the directors now have cash to take up options this year, and you can guarantee they will.
If you looked at the sell stack for VRX over the past year, there was never enough depth for anyone who wanted to build a large holding, and anyone chasing the sells would have pushed the price higher and higher.
I bet there wasn't enough free float for the nominated broker to accumulate shares for them, and this Director holding tree shake was probably the only way to free up shares in a reasonable timeframe.
Sure, they could have issued more shares for the funds to buy, adding to dilution, but there is a limit to the number of shares that can be issued in a year and those might be needed for part funding of the plant capex.
Either way they broker a deal for the fund, management would get criticised, they can't win.
But they are doing a great job of keeping this Company moving forward towards the end goal in my opinion, why else would a Euro fund be keen to get in now?
It is a clear indication that the risk versus reward is moving more and more towards reward..
It will happen.
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Last
3.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.87M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 188590 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 12377 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 188590 | 0.036 |
2 | 20821 | 0.035 |
2 | 1257575 | 0.033 |
4 | 282063 | 0.032 |
1 | 302425 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 12377 | 1 |
0.039 | 69999 | 2 |
0.040 | 20000 | 1 |
0.042 | 171626 | 2 |
0.045 | 50000 | 1 |
Last trade - 16.12pm 16/07/2024 (20 minute delay) ? |
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