Easy, give them the stock at 20c at a "massive discount"Get them...

Easy, give them the stock at 20c at a "massive discount"

Get them to buy

Watch the price go down to their placement price

Watch them panic sell and lower the SP

Let them take the loss and free up some shares sub 20c for long term investors who have done their research and know what they're buying into and the opportunities that are here

Long termers make the profits, these guys cop the "losses", VR1 has more money in the bank to grow.

However I would see it as a bit of a red flag if they put out an announcement tomorrow to give the placement traders an opportunity to sell into.

Atleast that's the way I am looking at it.

The key point for me is if you gave people the opportunity to buy in at these prices last week, with an extra $12 million in the bank everyone would be leaping over each other to get onboard.

The current price action is simply holders letting management know their thoughts on the terms of the raise. Which I do some-what agree with.

Certainly NOT financial advice. Just my opinion. I already have a large position, but if it does go sub 20c ill be looking to add.