Ann: Velpic Signs Off Stellar 2015 With Major New Client Wins, page-76

RT, The SP at time of listing was 3c and the new shares were issued at 2.5c. It listed as euphoria in tech start ups was peaking with the likes of NOR hitting 16.5c just for example. VPC shot out of the starting blocks and peaked at 9.3c on no particular news!!!!! Then it bounced around a bit between 7 and 8c but it was was still 3x the issue price. Meanwhile the euphoria bubble busted on other stocks. NOR, 1PG, ISX and RFN are all now shadows of their former selves.

A retrace was always gonna happen under those conditions but I think we are at a point where VPC more than justifies its MC. Today it shot from 5.1c to 6.1c. It has retraced but this time it has not given up all its gains. That sort of behaviour is a bit more normal for a stock that has had good news....an overshoot on momentum and then to settle back a bit. Let's see what happens from here a second leg up later today is not out of the question.