An observation for all Cinnabon fanbois out there:
It's 2:30pm in Perth.
If the SPP has been a raging success, a diligent BoD would have got an announcement to that effect out before the market opened, to promote the good news across the trading day, and re-inforce that $VRX is not only a good prospect, but that people are prepared to put their hard earned cash out on the table to support it: "VRX is very pleased to announce the the recent retail SPP was oversubscribed by 175%and as as a result, requests have needed to be scaled back to accommodate all prospective investors..."
Instead, our incompetent lard-arse of an MD gives us his usual effort - silence, and an after-the-market-has-closed communique. Now that still may have good news, but 'Bon, apparently having the commercial nous of a newt, is letting it disappear in the fog of after-market guff.
Of course, if it is bad news, that is exactly what he will have wanted to happen.
His performance as a director and manager really is just a joke.
VRX Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
