derp...obviously it does look bleak that's why the VAMP IPO has now been put on hold suddenly.....
'It was using Moelis as its adviser for what it said would be a $15 million IPO raising, valuing the company at about $45 million.'
Rather than going public Vamp will now seek to conduct a capital raising of $2 million, with a company valuation of $20 million.'
That's a very large discrepancy and a swift downgrade in valuation from just 3 weeks ago.......
all from you know who.........the same people that brought you $RFN.
Credibility is everything, without it you have no investors.
Thank God someone at the AFR is looking out for small retail investors.
Read more: http://www.copyright link/street-talk/social-media-startup-vamp-dials-back-ipo-hopes-20160427-gofz7o#ixzz4773AgoNQ
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