VIL 0.00% 1.6¢ verus investments limited

I cant remember who it was, but didnt someone pose the question...

  1. 357 Posts.
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    I cant remember who it was, but didnt someone pose the question of the "next" CR with them not too long ago, and the reply from VIL was that they wont be doing a CR in the near future.

    What happened to the money they raised with the last CR???
    They had over 1mil in the coffers didnt they?
    What has changed?
    Who holds them accountable for how they spend this money, it just seems to dissapear..

    I wouldnt have been as concerned if they said it was for FP and that drilling is DEFINITELY going to start next week.
    Wishful thinking....

    Too much uncertainty, not enough direction, not enough information, and burning cash too fast. Maybe they should consider downsizing to preserve cash reserves.

    Just another CR with a vague description of what the funds will be used for.... Before you know it, there will be another CR with vague description of what it is needed for.
 
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Currently unlisted public company.

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