Just tagging TLPs post about Merchant, our major shareholder and buyer that jumped in in attempt to support the share price at 2c during the recent capitulation. Well worth a read imo.
And I did get the numbers wrong in my previous post (my memory didn't serve me well on that occasion). The last big purchase by them was pre cap raise in mid May where they picked up about 15m shares (including a 10m off-market buy) at around 4.5c.
Knowing that our major shareholder is happy to acccumulate and expand their position at these levels should put some confidence in investor's mind that we are not going much lower imo.
Cheers,
TT
VPC Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
