Yea ha - not even my other crap picks in the comp can hold me back.
Great announcement. A bit sceptical - if they knew they were close, why do a capital raise just two months ago.
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Yea ha - not even my other crap picks in the comp can hold me back.
Great announcement. A bit sceptical - if they knew they were close, why do a capital raise just two months ago.
You are talking big numbers if the system works like it did in Europe. More disclosure on revenue metrics would be nice. They had a bullish ARR figure announcement a few months back which possibly mean this company is highly undervalued.
I see that there has been a second announcement of 205m shares being issued at a very nominal rate and those investors are now up 100% on their investment. Good on them. I will now be interested to see any financial reforecasts by the likes of Edison who forcastr revenue based on known contracts of around $2.2m in the 2015 year. re-forecast must now be required.
https://www.anzsecurities.co.nz/Dire...spx?id=3793737
Read my warning lower down.
These guys have impeccable timing eh?
DYOR
That is SO awesome for those private placement investors. BFG is just being cynical, there's certainly no way that any reasonably above board company would possibly announce a confidential agreement (which, of course, details of which cannot be disclosed) with McDonalds the next trading day after some big boys get their shares... I wonder how many of the trades today on the way up were people actually interested in the prospects of the company... Where will it close? :D:D:D:D:D
Surely no reasonably astute FA investor would randomly throw their money at VML on a confidential agreement THAT YOU'RE NOT ALLOWED TO KNOW ABOUT.
Congrats to the big boys :D:D:D:D:D:D:D
Hard luck for the rest of you.
P.S - BFG was right, have fun on the sell down.
Put yourself in the shoes of one of the pivileged few, even if you are sitting on a 100% paper profit, wouldn't you want to wait until this news hits the papers, after AKL's anniversary holiday, before taking some profit? I would, which is why I'm waiting until sometime tomorrow before selling down.
Suggest we all take a look at the announcement from today again (the 1:37pm one):
VMob is pleased to advise that after the close of business on 23 January 2015 it successfully completed a private placement of 205,137,771 ordinary shares at AU$0.01/NZ$0.0106 per share, raising $NZ2,174,166 million. The capital raising was undertaken in both New Zealand and Australia and was supported by a mixture of high net worth individuals, institutions and certain VMob directors.
......A mixture of high net worth investors, institutions and certain VMob directors.
This is even dodgier than I first thought. Quite blatant and disregarding of the rules of the NZX as well.
If I was a holder I wouldn't want to have any part in this company whatsoever after today. :eek2::eek2::eek2:
What, broken only one rule! Surely they've broken every rule in the book and every bone in the small investors puny bodies. Only up 118% today. Crikey, what a disappointment.
Oh well, you can still buy them at 0.024 tomorrow, before the Aucklanders realise what's happened while they were sunning themselves today. That's if you're not a bit busy reporting them to the Shareholders Association and the FMA and whoever else will listen.
Just funning ya.
;):eek2:
I spotted this & was waiting for someone other than you to say something as I agree this is a really, really bad look. The way this has played out certainly seems like a nice way to line your pockets hey? Simply raise capital with prior knowledge of a big contract, then as soon as it is closed announce the contract then sit back and watch the money roll in. Where do I sign up? It all seems too easy.
Also any thoughts on why a company based in Auckland would announce this on a public holiday?
Disc: Not holding - just watching with interest.