Well the upside is you have a fairly clean (i think) of what is basically a shell.
Downside is the 24.8% VOR owns of TSi India. Can debate what it's worth until we're all blue in the face. But it would seem given the direction the company took a couple years back that TSi would have been sold had there been any buyers. The 24.8% is valued at circa $6m - hence the market cap.
Questions is why own shares in this company? I have no idea other than I've had them forever and the $ at this point seems like waiting around more fore entertainment value than anything.
Best to go reserch on LinkedIn the directors and see if you have any belief that they have any clue as to how to either buy a business (raise capital and list it) or backdoor list something.
I'm hoping they bring something to the table at some point... hopefully sooner than later. And I hope that they have some expertise in the industry of that business to provide some comfort it's actually a good idea.
I'm also hoping they sell the stake in TSi and return the capital.
The fact there's nothing going on is why the VOR threads have essentially gone dead.
We were all really annoyed. Then we were less annoyed. Now we're bored.
VOR Price at posting:
3.8¢ Sentiment: None Disclosure: Held
