Basically. Given the amount of cash VCR has and the slow uptake in implants, there MUST be another capital raising in the next 6-9 months. You can all draw your own conclusions at the end of next week when they give their half year results but thats my take.
Also, VCR do not need shareholder approval to undertake a capital raising and they can issue up to 15% of the shares on issue as of last years announcement. 15% of 300 million equates to 45 millions shares. What price you ask.....well at this rate 30c is not out of the question !!
VCR need to get the SP up past $1 so that they raise at least $45 million. Thats my views.
VCR
ventracor limited
Basically. Given the amount of cash VCR has and the slow uptake...
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