VR1 4.76% 2.2¢ vection technologies ltd

Yes but you're comparisons needs to be based on market cap not...

  1. 308 Posts.
    lightbulb Created with Sketch. 75
    Yes but you're comparisons needs to be based on market cap not share price

    A company at 10c per share could be valued at $10 billion or $1 million dependent on shares on issue, which is why your comparisons above make no sense.

    @onthepunt couldn't agree more with your last comment. I think some of the price action is related to people decreasing their positions due to having the same thoughts. A month ago with a tightly held register and lots of hype, people were happy to have a lot of capital sitting in VR1 as the belief was it was heading one way only. This cap raise has certainly put doubt into a lot of peoples minds and personally I believe we are seeing lots of people decreasing their positions to free carries as they also believe there is now potential of this to go either way.

    One thing is for certain though, if all goes to plan this will FLY upwards. If there are any more signs of questionable actions by management, straight through the floor. Only time will tell.

    Goodluck
 
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