The issue is not raising capital. VRC is broke and has no option but to raise capital. Non holders have been predicting this would occur in September.
The issue is the company stating 5 weeks ago that the $1 million was sufficient working capital for the remainder of 2017 when it was clearly never going to be sufficient.
What level of confidence do you place in a management team that operates this way?
The issue is not raising capital. VRC is broke and has no option...
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $16.63M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $33.89K | 8.204M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 27377832 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 3375151 | 9 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| VRC (ASX) Chart |