Ann: Change in substantial holding, page-8

This has been my sentiment since the SP demise - when I bought back in.

And I agree with your fair value estimate. My notion was somewhere between $2.50 and $3.50

Low daily volumes since then suggest 1) current SH not selling for cheap - why would they? 2) New buyers not yet confident to buy in, given SP fluctuations - a reasonable opinion given $1.90 back to $1.10 since August.

I'm believing there's been some behind-the-scenes manipulation been driving that, possibly having something to do with CC acquisition.

Hopefully that has now settled, SP will naturally increase as buyers get more confidence and instos will start taking an interest.

I also don't believe CC will be VTG's saviour in the short term.