"the 1.5% royalty from vxl should start flowing into the coffers in July - to be conservative
July $5k
aug $10k
sept $15k
oct - march 2016 $20k/month"
That is wildly optimistic. VXL is currently struggling to secure 2 large loans at 22% interest and 14% interest (inc fees). To date it hasn't secured these loans because it has not been able to show it can repay them. Now that state of affairs casts a deep shadow over the company's profitability going forward and caused the share price to collapse. Investors should not factor in any royalty payments from VXL. I note that SER has such little confidence in VXL that it is not taking up its rights entitlements.
"the 1.5% royalty from vxl should start flowing into the coffers...
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Change
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Mkt cap ! $6.710M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $39.37K | 3.937M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 926046 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1692526 | 5 |
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