VFX 0.00% 0.4¢ visionflex group limited

There has to be some blind investors out there!

  1. 7,950 Posts.
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    Ok... so here are two screen shots. On is from the most recent announcement from 1st and the other is a a screen shot from Hotcopper.  So the company now has 6.6 million in the bank and from the last quarterly is going through about 50k a month (may be slightly more this period due to the costs associated with raising the funds).  Regardless, the Mark cap is now only 1 mil more than what they have cash in the bank.  Simply crazy... You would have to think the share price would be much closer to around 9 - 10c.  Due to get the next quarterly in around 4 weeks so lets hope that we see between 15 and 20% quarter on quarter growth. My sentiment changed to buy in the short term.  Also would not be surprised if some of those big buy orders are from the 2 largest shareholders.  They obviously see the value and happy to throw their weekly pocket money at the stock.

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