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0.5¢ volt resources limited

Very well said. Its the fact that a cap raise is needed asap and...

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flocka

633 Posts.

29/08/17

19:48

Post #: 26847240
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Originally posted by Hulahoop ↑

Its hard to see the situation improving for shareholders unfortunately. There is basically no cash left and now that we know about the payables of $670,000 it's clear that a CR will be required just to remain solvent. There is already 1 billion shares on issue, how many more shares will get issued to keep the lights on and pay salaries?

And how do you raise capital and at what price given all the uncertainty? The salaries are substantial and the company already owes $1.1 million to the note holders. And if VRC can't raise capital then they default on the loan and the note holders get the asset. It's clear that this was the play, if everything goes sideways then note holders take the asset for $1 million.

I don't understand why you would support this nonsense, it's a disgrace.

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Very well said. Its the fact that a cap raise is needed asap and the unknown qunatity is at what price. At the rate that the share price is collapsing it would have to be done well under 1 cent and then there will be huge dilution that will hit loyal shareholders.

The other serious issue is if they cant raise capital......then VA is a very probable event.

Either way it would seem everyone would prefer to sellout while they can.

Last edited by flocka: 29/08/17

VRC Price at posting: 1.9¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.5¢		Change 0.001(25.0%)		Mkt cap ! $20.79M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.4¢	$3.713K	778.5K

Buyers (Bids)

No.	Vol.	Price($)
40	29046158	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	4947877	8

View Market Depth

No.	Vol.	Price($)
40	29046158	0.004
18	18856068	0.003
13	17041526	0.002
11	41667002	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	4947877	8
0.006	16542525	30
0.007	7767551	8
0.008	5395175	11
0.009	5271154	7

Last trade - 16.10pm 31/07/2024 (20 minute delay)

VRC (ASX) Chart