The lack of information would ABSOLUTLEY BREACH ASX rules IF it was in any way beneficial to VMT as far as whether or not it would increase/ decrease expected earning by 10%No news = nothing to suggest more than a 10% increase in guidance
Sad but true, companies never delay positive news, good chance all these contracts are worth nothing, now they are openly discussing 2 more manufacturing facilities, why would they need VMT for anything?
They are phasing out VMT products, distribution channel has nothing other than Soco products to distribute, ie; worthless to VMT alone, read "firesale" the moment Soco announce going it alone.
Soco could potentially pickup VMT assets in a firesale, Charles likely to oversee the whole thing then be the beneficiary of some sort of a sweetheart equity deal to have a hand in running the business.
If it played like that they could potentially pick up VMT assets $10-15m cheaper than if they had to buy them now, Charles would only need to be given enough equity to take care of the $1.1 million he'd drop in his current holding value, ie; sell us out and be granted $5m equity?
Who could stop it from happening?
Charles is everywhere in the Soco publicity, VMT isn't, what does 2+2 equal?
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Open | High | Low | Value | Volume |
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---|---|---|
6 | 225524 | 11.0¢ |
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3 | 185000 | 0.105 |
2 | 110000 | 0.100 |
1 | 37500 | 0.080 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.125 | 308283 | 6 |
0.130 | 263505 | 4 |
0.135 | 82972 | 4 |
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