“The facts are this though, Yes the board is overpaid. Yes it is an excellent product. Yes it takes an eternity to get to market. Yes it is speculative. Yes VCR is running short of money."
Troutfisho, interesting you mentioned “I personally believe that VCR should have done more to support the SP before the SPP finishes e.g. announce to the market the fact that the directors are taking no pay at the moment and for some future undetermined time (at the AGM in private conversation they said they would announce that)..”
Were you at the AGM and overheard the private conversation?
Agree, if this is being considered it would have been preferable to ann. prior to SPP closure, like last week. The board is showing a reluctance to lead from the front. And they have the ant’s pants on product.
The SPP will possibly succeed, market action in recent weeks suggest holdings were being converted to support the SPP and there’s been plenty of buyers readily taking them up. This action slowed Thursday and Friday of last week, suspect due to mail out of SPP for Tuesday.
Won’t be long now.
VCR Price at posting:
7.3¢ Sentiment: None Disclosure: Not Held
