Without deflating everyone... does it not strike you as strange that we suddenly have a 250 million volume day at inflated prices just as 256million options are excercised at $0.00375???
This looks like a pump and dump as a favour to Vaz's "sophisticated investors" (read: MATES) who backed the recent capital raisings. This is distribution at it's best.
With 1.3 billion shares on issue now, at a SP of $0.01, the company has a market cap of $13million.
With revenues of $41,000 for the last quarter ($160,000pa)... i don't think there is a lot to get excited about in all honesty. Applying a generous P/E of 30, the SP should still only be about $0.0037.
Why do I get the feeling that this announcement is going to feel everyone feeling gutted?
suspicions...
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