Well 1 trade for $100 so far today so clearly the market doesn't see any interest despite the recent announcement. That, and all the existing shareholders I'm guessing have invested enough in this over time that we're happy to sit back and wait.
What am I missing from the announcement?
$11-13m in EBITDA over 5 years..... pretty good for a company with a MC of $13.1m
Wonder why they only said a dividend for FY23 and not "each year until the end of the contract and potentially beyond"? Maybe that's implied and I'm just being cynical.
I suppose the bucket load of warrants that the directors gave themselves through the SPP would have an impact...... I know that puts me off but I couldnt justify any more money into this.
Anyways - that's it from me.
VOR Price at posting:
2.6¢ Sentiment: None Disclosure: Held
