Clearly the company is very sensitive about Investor’s having an opinion.
Who are we to care about our money?
So I believe it’s time I only quote FACTS ALREADY PUBLISHED BY VONEX - therefore this post should not be moderated.
The following points are taken directly from the Annual Report 2017 as published on the Vonex Investor Portal:
1. In 2016 VNX posted a net loss of $12.4m
2. In 2017 VNX posted a net loss of $9.7m
3. As at 30/06/2017 VNX had net liabilities of $3.1m
Further,
Also on the Vonex Investor Portal on 19th September 2017 Angus released a statement advising investors VNX would be listed on the NSX by no later than the 7th November 2017.
Given today’s date is the 11th November 2017 I would have atleast expected Vonex provide an update to the market as to why the company has indeed not yet listed as they had previously stated.
I would also expect investors have every right to know how much money they have raised; and based on this what the immediate plan for the company is.
Despite all of these FACTS I actually called the company office last week and was advised that ‘all was going well’...
I urge all investors to get along to the upcoming AGM so the company can explain their definition of ‘going well’...
VNX Price at posting:
0.0¢ Sentiment: Sell Disclosure: Held