Spot on Mav. The speculated new deal still results in a high level of dilution and will guarantee a low SP when re-floated. If its revenue/cash situation is improving VDM Group might have tried to leverage the banks/instos in to a less dilutive cr, which might tempt more retail investors to take part.
From May, when the CEO told us no CR was being planned and debt was being re-paid at current revenue levels, through the CR announcement in June just six weeks later, the decision to make it so dilutive under pressure from instos and now this CR 2 which seems to be even more dilutive (based on the dribble of info), this has been a tragi-comedy.
BTW, have participants in the 1st CR been refunded their money, as per the prospectus?
- Forums
- ASX - By Stock
- VMG
- update on entitlements offer
update on entitlements offer, page-4
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VMG (ASX) to my watchlist
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.927M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
VMG (ASX) Chart |
Day chart unavailable
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online