Gday I’m just going to throw this out there to see what other people think.
From memory around may there was a off market transfer of 170million shares to existing long term holders and a few newbies 0.17c per share.
Maybe just maybe these same ‘sophisticated’ investors have been approached to raise more money so they have dumped there shares to free up some money to get the cheaper ones.
I know it sounds so crazy to think these shenanigans happen but it is a reasonable explanation of the recent volatility.
And maybe these long term holders might even post on hot copper, not saying it would be the likes of yourself, possum, boss etc but you know who I’m talking about. The newbies who took up the shares are probably the twitter crew.
Anyway they got it down to 2.1 so next week I think the raise will be 2.2 or 2.3 cents and every one will think it’s awesome because it will be at a premium to current share price.
VRC Price at posting:
2.3¢ Sentiment: None Disclosure: Held
