Hi RN71, you are aware of the price of IO over the past 4 years aren't you? See the attached graph, IO only became economic for VMS once it rose above $90. Riley wasn't economic until 2019 and then there was the need to install the wet screen and it took a while to sort the financing of the wet screen which the company did with a placement to sophs in in Jan 2021, so there you have it and I am not even a long term holder.
gla
VMS Price at posting:
13.0¢ Sentiment: None Disclosure: Held
