VMG vdm group limited
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Cash reserves is depleating fast. Dec 2019: $3.5m Dec 2020:...

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    18/03/21
    10:17
    Post #: 51857017
    Cash reserves is depleating fast.

    Dec 2019: $3.5m
    Dec 2020: $1.9m

    They need to issue billions of share to raise capital with only 0.003 SP before placement discount. If they do raise sometimes this year to keep this stock afloat, who would subscribe it?

    Sorry no golfing retirement vacation for a long term holder in Thailand.
    VMG Price at posting: 0.3¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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