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Ann: Binding Offtake Agreement Signed, page-93

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FranksnBeans

209 Posts.

66

21/03/23

16:16

Post #: 66882607
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Originally posted by possum2: ↑

shawn,

""cant believe people are selling at 1c when ASX is green and we have had binding offtake.""

Nothing surprises me any more when it comes to the share market. If you are looking for logic the sharemarket is probably not the place for you. I remember watching Afterpay reach a mkt cap of in excess of 30 billion dollars. The fact that it wasn't making any substantial profits didn't seem to bother the instos that were paying up for them.. The sad part is that all the Buy now pay later companies that were once trading above ten dollars are now all trading below one dollar. Over 90% of their value has been stripped. That was a big kick in the bum for both instos and retail investors. The reality is, they should never have been trading at those lofty levels to begin with. But as they say : Thats the market !!

People choose to sell out for all sorts of reasons. Better that they sell out of Volt now and not put pressure on the stock when it begins to move higher. As I have already mentioned in the past, we are currently in a bear market. Like it or not, that's where it sits. So logic can sometimes take a back seat.

The fact is, Volt now has a mkt cap of less than 40 million. For what they currently have, and for the deals that they have in place, that is just too low in my humble opinion. Yet here we are. Volt are currently better placed than some of it's competitors and yet their mkt cap is several times less. Truth be known, Volt is not the only stock that is much undervalued in this current climate, and they certainly won't be the last.

If the people that are currently selling at these levels haven't been able to work it out for themselves, I am afraid that's their problem. Just as it was for those people who were happy to purchase shares in the many Buy now pay later companies, 18 months ago..

At least I commend them for selling out of Volt if they no longer want to be there, which is much better than the current group of naysayers who continue to rubbish the company at every opportunity, but for whatever reason, still refuse to sell their holdings.

Try working that one out.

Cheers.

P.S A few days ago I watched over 60 million shares get bought in 4DS between 4.2c and 5.5c. Tens of millions were being bought above 5c. They announced a placement yesterday at 3.6c raising 5.5 million dollars. Today 74 million shares have been dumped down to 3.2c.
Too bad for those investors who purchased tens of millions above 5c last Friday. Thats the current market.

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lol do the little possum puppets running around liking this blokes pointless novels actually read his posts? serious question? I normally look at the length of poss poss posts and just chuckle to myself, thats usually the first thing I do. Then I just scan over it and get on with my life, who actually reads this guys posts, quiet frightening if you do. And if your going to say its useful information.......well how come vrc is at a all time low??? lol work that out

VRC Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $20.79M

Open	High	Low	Value	Volume
0.6¢	0.6¢	0.5¢	$9.803K	1.879M

Buyers (Bids)

No.	Vol.	Price($)
1	11764	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	21748710	29

View Market Depth

No.	Vol.	Price($)
1	11764	0.005
35	26072647	0.004
18	16311068	0.003
13	16741525	0.002
12	34267000	0.001

Price($)	Vol.	No.
0.006	21748710	29
0.007	8147551	8
0.008	5395175	11
0.009	5271154	7
0.010	1770000	5

Last trade - 16.10pm 16/07/2024 (20 minute delay)

VRC (ASX) Chart

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Ann: Binding Offtake Agreement Signed, page-93

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