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Denbo, Time for a trading update. If on track then we should see...

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ChristopherC

5,325 Posts.

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23/05/18

14:28

Post #: 33271673
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Originally posted by denbo ↑

While it's OK to be macho about down turns in SP - there's been a nearly 50% demise in this SP over the last few weeks.

When the director of the company you've invested in, who has a history of good-timing when it comes to their own buy-sell decisions, decides to bail at what seems to be a massive loss - for whatever reason - I think even blind-Freddie might be a bit concerned as to the reason why.

Freddie might even come to the conclusion that things might not be going as hunky-dorily in the business he's invested in and, not unreasonably, ask for an explanation or, at least, a comment from management as to how his investment is stacking up so he can make an educated decision as to what to do with it.

Ignoring forms which are designed to force directors of companies to provide the information they're so inclined to ignore which keeps SH in the dark would be foolhardy on the part of any investor.

It's OK to say things like ' well, if you're not happy with the investment sell'. But to sell now would probably incur a massive loss for just about everyone still invested in VTG. It's too late to sell for most people.

Now, I personally have no interest in SH reasons for the financial decisions they make - but I am concerned about why my stake in this company has dipped to be worth about half of what it was some weeks ago - without any comment from 'management' about the possible reason.

Seems others know stuff I'm not privy to - and that just doesn't stack up for me.

Wouldn't it be better for 'management' to offer some kind of information that, at least, the business is ticking over OK? and that I don't need to be concerned that the ongoing demise of the SP is caused by something bad in VTG-land .

Something, I, as an investor, reasonably have a right to know about and that would put me on a level playing field with those in the know - who have a history of profit from their inside knowledge.

Gotta tell you - next AGM is going to be something to behold when all those smiley faces are telling you about VTG and it's commitment to whatever it's committed to and how it's new business ventures are everything it promised they would be if the SP hasn't recovered by then.

And, in between, I'm surprised ASIC and the ASX doesn't take more of an interest in directors buyings and sellings at such opportune times.

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Denbo,
Time for a trading update. If on track then we should see the selling stop. Re our leader selling, we often make decisions based on personal circumstances.Perhaps she has bought a new house, or going through a mid life crisis and had to have that red Ferrari, who knows but wouldn't take much effort to clarify to market the real reason for selling down and could just say to fund a personal property purchase or other nondescript explanation.

Christopher

VTG Price at posting: $1.01 Sentiment: Hold Disclosure: Held
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0 Great analysis

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Denbo, Time for a trading update. If on track then we should see...

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