The purpose of the Board selling their share to a Euro investor has 2 advantages -
(1) It gives the Board the funds to exercise their options (soon) and put money into the company's bank account
(2) It does not burn up the limits on placements - some of which will be needed to fund the plant
(3) It brings on board a cornerstone investor (which I expect is an end user)
(4) It would have looked bad if any Board members sold shares to exercise options.
There is a lot of logic behind what they have done.
VRX management structure, page-17
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Last
3.2¢ |
Change
-0.001(3.03%) |
Mkt cap ! $20.10M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.3¢ | 3.2¢ | $7.71K | 236.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 28357 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 76412 | 1 |
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| Last trade - 15.18pm 31/07/2024 (20 minute delay) ? |
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