VR1 5.26% 1.8¢ vection technologies ltd

Ann: Defence Contract - $4.2m Cash Received, page-17

  1. 4,920 Posts.
    lightbulb Created with Sketch. 4982
    I remember when this was being heavily promoted on Twitter in 2021 as the next 20-50x opportunity, market cap of $1B within a year, etc.

    Fast forward to 2024 and they're announcing cash receipts of over $500K as "material" and therefore price sensitive. Market cap: $33M.

    A few lessons to be learned.
 
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