I have a theory / opinion as the a potential cause for the delay... in the announcement detailing the binding HOA for Adidi Kanga the payment schedule states VEC to pay $5m cash and $5m VEC shares within 10 days of execution of formal transaction documentation.
$5m cash is a fixed figure and will not budge, $5m VEC shares however is possibly based upon the VWAP (over whatever period I don't know) or the SP on the date of execution...
Could the delay we are seeing be a deliberate ploy by Fimosa to increase the volume of shares that they are about to receive? At present each pip is a 5% increase for them... the lower the SP the more they get, and they ain't really bothered about how low it goes as they know how much the project is going to be worth in due course.....
Just a theory as I said but is it actually going to play out like this...
VEC Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
