I kept saying that @hsv2001 but no many listened to that...i...

First 117 Last

Share
Profile

Follow
nikcola

578 Posts.

10/07/17

00:05

Post #: 25758138
Share

Originally posted by hsv2001 ↑

I will be voting yes for this, people here need to realize a few things;

For one that VNX went into the transaction on the basis they were giving up some of their company for an ASX listed company...which of course failed and then ended up with nothing but did take on huge dilution themselves and all the AWD shareholder? How would you feel if it were your company that you'd built up and all of a sudden took on the entire AWD shareholders?

They also could've have completely reversed the deal when AWD failed to meet it's part of the deal, again leaving AWD shareholders with nothing but a seriously tainted ASX shell...if that!

IF an overall no vote is given, then you may as well say goodbye to the investment completely unless you're a noteholder. As everyone here should be aware the noteholders have security over the company, and they were supposed to vest in April but granted another 6 months. So if a no vote is given here, the next pathway would take at least 6 months from now to get all the new paperwork in line, by that time the noteholders extension would then be up and they can rightfully take their entitlements. This would destroy the company altogether.

It's been a tough 2 years I'll admit, and yes if the raising is at the lowest point of 10c it will be a hit, but this will give the company the funds to push forward with Oper8tor and try and return value to shareholders. The performance shares have hurdles which need to be met. Also if the $8m is fully subscribed that would show some confidence in the company by investors, we just need to suck it up and push forward.

So if you want to completely throw away your investment then vote no

Expand

I kept saying that @hsv2001 but no many listened to that...i agree with you,Angus could've easily turn it's back on AWD and leave us with nothing but a aweful experience...he choose to stay and work his way which imo must've been harder than many of us can understand...cheers

VNX Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Microcap Wrap: 5 explorers with news out today

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

RCE

Recce's R327 found effective against E.coli during clinical trial

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

3DP

Pointerra wins US$1.63M from US Dept of Energy to model climate change scenarios