I have to admit to buying in on the basis of their SaaS platform. It seemed to me to be a good play but it seems the management were unable to execute.
So far as the re-structure is concerned I am hopeful it'll work out OK. Originally I had a parcel of 900,000 in my SMSF at $0.013 and a trading parcel of 600,000 at $0.004. Thats turned into 18,000 @ $0.60 and $12,000 @ $0.20 after the re-structure. As the SMSF parcel is a long play I'm confident of at least getting my money back. As for the trading parcel, I see maybe 5-10 bags considering that the MM space is pretty hot at the moment.
FWIW and DYOR
VPC Price at posting:
0.4¢ Sentiment: None Disclosure: Held