VR1 11.1% 1.0¢ vection technologies ltd

General Company Chat, page-1967

  1. 6,645 Posts.
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    @flatspin

    Never said I would be relying on what's here for valuation, but reasonable analysis can be still put forward and there's bugger all of that just a bunch of people frothing on the metaverse and calling for 50c or $1 by Christmas without any reasoning that makes sense, and blowing up at anyone with a different view, the perfect sell signal.

    JMC group makes up a decent portion of the revenue here, and it was acquired for ~64mil shares at 10c when the share price was 6c, so a consideration of like $6.4mil, then the market cap went up like $200mil+ (meta pump) but go figure. So you're basically half investing in Italian based JMC group so I'm sure you've done plenty of DD there, no red flags.

    No need for you and others to hate on contrary opinions, that's not what has caused this to go from top to where it is now. To me it seems management's shilling of this before an un-necessary raise has upset the apple cart and put a stop to the pump that didn't make sense in the first place.

    https://hotcopper.com.au/data/attachments/3871/3871365-87a05ad2107ecd14f2d5ff74bfe378e1.jpg
    Last edited by Salubrious: 07/12/21
 
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