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11.5¢ valence industries limited

Tin SER did not participate in the last VXL CR when the company...

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m0ngy

10,075 Posts.

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05/03/16

12:24

Post #: 17196123
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Originally posted by tinstuff11 ↑

Am expecting SER will fully participate in the VXL CR, along with SER management who own quite a lot of VXL themselves.
To do this SER will need to have a placement of say $1.5m and a SPP so that existing shareholders can participate without dilution.

This should then preserve SER's % holding in VXL.

Timing of the placement and SPP is after the impending positive Ionic boost to SER sp - pick a number
Say SER sp hits 4c then the placement and SPP @ 3.5.

For the impending Ionic boost to be higher for SER will require the Ionic cornerstone investor to be a very significant company

lots of $ to be made here

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Tin SER did not participate in the last VXL CR when the company looked viable. In my opinion there is no chance whatsoever that they will do so now and shareholders in SER should tell them loud and clear not to do so. VXL is a dead man walking.

Just my view but i posted all this last year.

VXL Price at posting: 11.5¢ Sentiment: Sell Disclosure: Not Held
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