I predict that day trader exuberance will see VLA open tomorrow at around 14c before spiking to around 16c before lunch. From there profit takers will hit this stock hard for the rest of the day, with the stock likely closing at around 10c.
Assuming no further newsflow, the stock is likely to gradually retrace to around 7c (= $32mill market cap) by the end of next week.
I also predict that the company will need to secure a further $15-20mill over the next couple of months. If the company opts for a placement, a realistic price would be around 5c.
VLA Price at posting:
$1.20 Sentiment: ST Sell Disclosure: Not Held
