I dont think thats the issue. Mgmt seem incapable (or refusing) of selling direct to customer or figuring out how to get their product to the client using sep facilities outside of china so either they are fraudulent or incompetent.
Given GA is gone and the SP is still dropping it appears as though some think the former, which is fair enough.
VML have essentially started a businesses that they have dictated is reliant on tech that, with the exception of a single location outside of china, doesnt exist in any usable form.
Go take a look at my previous posts - im most definitely an RE bull but this is starting to look a little suspect.
I give us an 80% chance we get to 2.4c - its going to take an earth shattering announcement probably in the form of some cashflow to get this thing moving.
Disclaimer: im holding 2.5m shares deep in the red.
I dont think thats the issue. Mgmt seem incapable (or refusing)...
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $11.79M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $3.073K | 1.033M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 107 | 114027380 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 45247017 | 51 |
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| Last trade - 15.59pm 09/10/2024 (20 minute delay) ? |
| VML (ASX) Chart |