T20 is around 33%How many friends are they letting on board?And...

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mjp2

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23/04/24

12:09

Post #: 73474109
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Originally posted by blister: ↑

yeah, agree. but AIMO its a little of column of A and little of coloum B. they needed the money to provide atleast a 12 month slow burn run way, absolutely no contest there...... but why did the need the money.... because of the spending with wreckless abandon.... why spend with wreckless abandon..... because they knew they were going to CR......then they throw out the CR @ a 22% discount to vwap (options not with standing).

thats either an absolute panic, or a gift to those who have the fiscal backing to stomach the opportunity cost, delay and the remaining "risk"....... that risk level being subject based on your level of knowledge.

while i certainly can't discount the "panic" theory as these been some amazing fumbles along the way (like proper glorious fumbles... trading halts for incorrect full page ads in the newspaper spectacular)..... the money management is driven by too many people to execute it this poorly without some kind of logic behind.

the good news is we'll find out. If the CR has a reasonable uptake... as a pluck~60% or greater one could assume that something is afoot and a conspiracy was indeed inplace. if it falls short and lands in the 30% or less... then this was a fumble....

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T20 is around 33%

How many friends are they letting on board?

And is the underwriter their best friend?

VRX Price at posting: 7.0¢ Sentiment: None Disclosure: Held
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