That is definitely a great outcome!! Although I can't say I am optimistic that will be the likely outcome.
Quoting from prospectus.
"The Company is awaiting a formal notification from DWER of comments on the PER and the Company is required to respond to all such comments." (I bolded the FORMAL).
My thoughts on what's happening:
- BM was banking on this PER completion will raise the SP (just like me, betting $30k @16c) for better CR. - Probably already received some "informal" communications? Not as quick process as he hopes to be. - CR, $3m.
I guess now, why the $3m amount? Maybe the "informal" communications so far give him enough confidence to have enough working capitals & acquire some equipment purchases to see this through with $3m.
If we are being realistic, there will be a lot, by a lot, I meant a lot of upset people if this doesn't pan out. BM is definitely aware and probably won't like that to happen either.
VRX Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
