VKA 0.00% 0.8¢ viking mines limited

Ann: Change in Substantial Holding, page-6

  1. 1,728 Posts.
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    I think you might find the selling is coming out of Perth...
    .Charles Thomas was a director, and works for the 'corporate advisory' business GTT.
    Now he's no longer a Director, so he can sell. GTT may have received shares as payment for their work I think.

    And as often happens, these mercenary type corporate advisors take shares in lieu of fees when they 'help' raise capital......then they dump it, because they don't care what price they get.- they are in at zero and 1c.
    The selling has shown a complete lack of finesse....something a normal person would not do.
    I constantly advise companies not to use the general type of corporate advisory companies that Perth has dished up for thirty years....they promise the world, then dump your stock at the first opportunity, then move on to the next stock.
    Unfortunately, too many small companies get seduced by them, because they think its the only way they can raise cash.
    Then, unbelievably, they often pay the advisor an ongoing monthly retainer!!! Does my head in.

 
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