I first bought VPE in Aug 1997 at .022 (equivalent of 22 today) and kept buying and paying capital raisings through to Jun 2003 for an average of about .015. I accumulated over 3 million. In Oct 2004 they spiked over .06 and I sold. I started buying back in in Jan 2007. My present average is .33 so a while until I see green.
I have actually done well out of VPE, not because they are a well run and profitable company, but by lucking buying low and selling high which was probably the result of a pump and dump. After the .06 spike they have slowly withered on the vine.
The company propaganda as far back as I can remember has spruiked the company should be over $1, but it not our fault. My faith is now weak.
PK
VPE Price at posting:
20.5¢ Sentiment: None Disclosure: Held