As we approach the VRX AGM in November, I believe it’s crucial to establish a space for all general discussions. This AGM is shaping up to be particularly significant, and it's essential that we all have a clear picture of what's happening.
Recent context:
- Director fees have been reduced by 50%.
- Operating expenses have been reduced.
- Entitlement offer revoked from 7¢ to 5.5¢.
- Successful 2.46m underwritten entitlement offer.
- Entitlement had 16% taken up and 84% unsold.
- VRX/EPA still in discussions regarding updated Rts.
- VDT trials have been impacted by bushfires.
- 2.66 quarters of funding as of 30/07/2024.
I'm sure I've missed stuff so please feel free to share any additional context you think might be relevant.
DYOR & IMHO
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