Next week after releasing VG1’s financial report, VG1 will resume share repurchase or VGI will purchase vg1 shares on market. and I believe there is a high probability that VG1 will increase its dividends.
Based on last two trading days, Vg1’s NTA is heading to above 2.60 this week. there are still three trading days left，we will see then.
Also the performance fee reinvestment mechanisms and dividends reinvestment will ensure several million dollar will be used to purchase VG1 shares on market. the performance fee is above 10Million last year for VG1 and Luciano has more than 50% shares on VGI. These amount of money which is around 2.5Million (assume Luciano has the highest tax rate) will be used to purchase VG1 as he promised to do so.
VG1 Price at posting:
$2.09 Sentiment: Buy Disclosure: Held
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