from ashes of disaster grow roses of success, page-7

It is inevitable that VPG will slowly go to 10c.

It will accelerate down to 10c and then bounce of the base in the coming year.

So don't battle or go against the sellers, let them sell it down to 10c and buy more of it at 10c.

If you can't beat them, join them. :)

Here is something to look forward to:

The following is part of a slide from their Capital Raising presentation.

Capital Management:

If certain ratios are met as at 31 December 2009, the term of the Asia Pacific debt facility will be
extended by 12 months to September 2011

– If the Loan-to-Value Ratio (LVR) is less than 45% and Secured Property Interest Cover Ratio (SPICR) is
greater than 1.6 times at 31 December 2009, the term will be extended by 12 months to September 2011

– Whilst the Asia Pacific debt facility covenants were not required to be tested at 30 June 2009, the LVR was
estimated to be 44% and the SPICR was estimated to be 1.9 times

New year should see the company break even.

I hold and would get more at 10c.