Mike has taken a proactive approach to cutting spending as announcement on June 29th, so I think we can assume a lower staff costs figure in next quarterly.
If Mike & co can sort a Tribeca placement, it would certainly remove any stale air surrounding another cap raise. Some fresh insto interest would certainly give retail punters a lot more confidence in VMY, look how it benefited AGE with their announcement of a private placement to BW Equities. It would be a win win for everyone.
VMY Price at posting:
11.3¢ Sentiment: Buy Disclosure: Held
