VR1 0.00% 2.3¢ vection technologies ltd

Ann: Appendix 4C - quarterly, page-6

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    AU1 issued some ~60m shares as part of the transaction. Some were in consideration for the business, some for debt conversion.

    But 28m of those shares were for cash at 30c per share, totaling some $8m new cash injected into the company. Whether or not they are, or become profitable I dont know. But there certainly was new capital provided.


    As per the SVT prior updates they have been flagging this for some time. A lump sum in advance settles the matter, otherwise, it'll be paid in installments. Not really a problem.
 
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