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Ann: Volt Completes Successful Capital Raising, page-20

  1. 1,436 Posts.
    lightbulb Created with Sketch. 256
    Fair enough, Stan, as regards the guy's total wealth - $250K may well be chicken feed to him and its a punt that he's happy to take.

    But that was actually the point of my comment. The market has examined this company over a LONG period of time and has seen everything that is to be known (or should have, if the BoD has executed its legal responsibilities properly) and has valued it at a penny per share.

    The financial sector doesn't want to lend the company a measly $15 million - presumably, because it does not assess it as a reasonable risk. So what is the 'research' that compels our man to consider this an investment, rather than a punt? Wouldn't we all like to know?
 
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