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0.4¢ volt resources limited

Hi Hulahoop, did it not say it was an interim measure only, does...

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Names little

17,843 Posts.

1250

01/09/17

20:06

Post #: 26942934
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Originally posted by Hulahoop ↑

The announcement on the 7th July stated the following:

"From Volt’s perspective, it is important to reinforce that this funding solution is an interim measure only to provide sufficient working capital through to the end of 2017. Management will continue to allocate resources prudently and ensure costs are properly aligned with achieving our core objectives."

5 weeks later... we need to do a capital raising. It's an absolute disgrace and I can't believe shareholders are still defending a company that spent most of your capital on salaries. The CEO still hasn't purchased one solitary share in his own company even thought he was appointed at the beginning of the year, 8 months ago and the price is down 70% during his time as CEO. During this time he pulled out $100,000 in salaries and chose not to buy one share even though he is asking others to buy.

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Hi Hulahoop, did it not say it was an interim measure only, does that not mean there was another measure to come?

Last edited by Names little: 01/09/17

VRC Price at posting: 1.7¢ Sentiment: None Disclosure: Not Held
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