If VMR hold 16% and management are to give them another 13%.This...

If VMR hold 16% and management are to give them another 13%.

This is 29%. Well over the 19.9% (And not one share brought on market as sold to investors)

So potentially.

1/ The coming dilution on these notes will be so great that it keeps VMR under 19.9%.

2/ VMR will take CCC out and move it all to SA. (De-list here)

I noted that they have gone back to not reporting cash in hand again. (not that I could see)

Only $3.5m left as of the FY annual.

Mines not even coming close to covering parent co costs.