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@flatspin posted is certainly not baseless. It was a re-tweet of a Linkedin post shared by Vections Automotive Advisor Dr Siegmar Haasis. Its confirmation the good Doc has obviously made inroads with his previous employer (Mercedes Daimler) & that him & our team are onsite at the Mercedes Digital Product Forum in Germany having been invited to promote our Mindesk Live Link. Heres another post fresh off the press from Vections own Twitter account if you prefer that. Between Linkedin, Twitter & the Vection website, there is a flurry of information both from Vection & our partners & clients. Just because it is not released on the ASX doesn’t mean it has no credibility.
If you look hard in the large image, you will note on the LHS tower which is one of JMC’s ‘XRKiosks’ that has been setup with VR headset & controllers for the display. Its another reminder of our managements foresight in recognising the value JMC & Blank Canvas could bring in their tech, contacts & revenue to further justify their acquisitions.
As for the CR discussion… that happened back in November, 8 months ago now. Do you think theres any chance we can move on sometime soon or will we still be talking about it in 2 or 3 years from now?
Yes, at the time it hurt & appeared deceptive, but reality is management saw an opportunity & they took it to raise. In the 4 weeks prior, VR1 SP had gone mental… from same price we are today at 0.09 to 0.29 in that time. They were probably just as surprised as us holders were at the time. What raising at that price achieved is a very healthy bank balance with much less dilution than had it been done at any time since. It also gave us a cash buffer to weather the market downturn while the other Healthcare & Automotive verticals were in their initial phases. Admittedly we all felt at the time it stopped a run higher, but reality is we had already risen 200% in 4 weeks based on the back mostly of Metaverse hype. That type of increase is not sustainable without sales to back it up which back then were only beginning to show.
Not many believers saw such a long & substantial decline from that top particularly with everything going on in the space, but anyone who managed to enter / top up in the 4s & 5s congrats to you. IMO days at those prices just 4 weeks ago are now gone forever & its my expectation 9s is the base from here.
FYI Vections 3D Frame is no longer listed on the Cisco Webex website as an upcoming product… it is now in their WebEx App Hub as a brand new app ready to download. If recent positive promotion by people who have had exposure to it at Cisco is anything to go by then it should do well & bring attention & immediate take up likely in small numbers which will compound & grow exponentially in time if we are lucky. That alone could well & truly be a company maker. That being said significant revenue numbers to date do not include whatever this could potentially add.
My assumption is that confidence has grown back in the stock market recently as a result in more clarity in knowing the likelihood & speed of upcoming interest rate rises & inflation. We’ve had a good run up recently, increase in volume & SP. As we've been reminded, even with so many SOI, there so little on offer that it only takes a few million to move this thing 10%+. My expectation is for a bit of sideways trading, then a continued & sustainable rise back closer to fair value. Its only a matter of time till the market wakes up & further acknowledges that all the partnerships & work up to this point & the immeasurable future potential here are not just talk & dreams, but absolutely legitimate & realistic. Enjoy your weekend all.
