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Ann: Volt Secures $4.7M Option Underwriting Agreement, page-52

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westcott

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08/12/17

14:01

Post #: 29487323
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Originally posted by Peliatan ↑

I am hearing you Sunset...and yes agree '...any contract has a get out clause...' howrever, with 'any coloured glasses on, ' the contract clearly states the underwriters can bail if sp drops below 2c....my point being ...if sp falls below 2c the underwriter has the right to withdraw from the deal...and, sound economics would surely have oppie holders considering buying heads rather than convert....hence, my point that BoD's need to keep some legs under this stock till end December...today is the first Ann of 'some substance' but by no means a 100% guarantee oppies are covered yet imo.... the market has 'warmed' to this Ann today which is great...pity it didn't come out before that last innocuous Ann, sp may be over 3c now with that build up ....let's hope BoD's can follow this up with more news in the next few weeks...

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Hi Peliatan.

Bought options at $0.012 x 50,000 = $600, plus convert 50,000 at $0.02 =$1000.00, Total $1600.00. Let options lapse and buy 100,000 at $0.02 with cost at $2000,00,plus buy costs. Cost more than $400.00 more to lapse Options and buy same amount of shares.

Regards
Westcott.

VRC Price at posting: 2.6¢ Sentiment: None Disclosure: Held
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Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $16.63M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$2K	500K

Buyers (Bids)

No.	Vol.	Price($)
38	65931358	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	6128143	10

View Market Depth

No.	Vol.	Price($)
38	65931358	0.003
17	23916715	0.002
8	18150001	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	6128143	10
0.005	21021466	18
0.006	9143468	15
0.007	10780001	5
0.008	4864155	6

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