VNL 1.04% 9.7¢ vinyl group ltd

Ann: Capital Raise Update, page-20

  1. 6,565 Posts.
    lightbulb Created with Sketch. 1563
    It's a rare setup, I'm not aware of any other stocks like this.

    $20mil market cap music tech co

    Songtradr (multi hundred mil co in music industry) the cornerstone with a big chunk of the register

    Songtradr CEO Paul Wiltshire invests ~$500k+ personally

    Richard White, tech billionaire puts in ~$2mil just today

    Director incentives aligned with shareholders interests, milestones based up share price 5c, 10c, 15c, 20c. Then Ken G pitched into this raise plus has a big hold.

    The only official music credits database (not crowd sourced) with 350+ data partners integrated being the moat.

    The multiple revenue streams, in early phases of growth, utilising the database as an edge.

    And now a 12 month+ cash runway.

    As others have said big money pitching in is no guarantee, but with Paul's industry experience, connections and track record it's hard not to be bullish here.
 
watchlist Created with Sketch. Add VNL (ASX) to my watchlist
(20min delay)
Last
9.7¢
Change
0.001(1.04%)
Mkt cap ! $97.98M
Open High Low Value Volume
10.0¢ 10.0¢ 9.7¢ $2.019K 20.45K

Buyers (Bids)

No. Vol. Price($)
1 73959 9.6¢
 

Sellers (Offers)

Price($) Vol. No.
9.8¢ 61224 1
View Market Depth
Last trade - 16.10pm 23/07/2024 (20 minute delay) ?
VNL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.