Ann: VRX Launches $3.1m Renounceable Entitlement Offer, page-141

regardless of the motivation and or evidence for the call..... the call turned out to be correct. can't deny it, unfortunately.

This has been mismanaged to the brink of death......EPA will save it, but only the EPA.

Only, and very small glimmer of, hope is that the raise is successful and gives us more oxygen for another 2 quarters and the EPA resolves in the postive well within that time + the raise small enough that the shark that enters the register won't be able to cause to much damage as they dump into news.

lots of questions though..... why an entitlement offer? reduces the funding source to a very small cohort. @5.5c they could have approach a new soph for the money as a one off. these decisions are just odd.

"we need money desparately! but only from existing holders, and only at 1-13 ratio?" ....... who does that? with those constraints, even if the t20 took up their entire allocation they'd tick over 800k total.......so they were hoping the rest of the dregs would take up their rights.... that seems very optimistic, even for "off-takes by xmas" brucey.

Something doesn't sit right with this.