My maths still needs working on, but in preliminary round numbers, subject to QA:
Total Shareholdings
Directors/Officers ~520m 35% (of which Scott Bradley CEO is 30% not inc 15m options, the others 5%)
Instos/LgePrivate ~750m 50%
Public ~200m 15%
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My maths still needs working on, but in preliminary round numbers, subject to QA:
Total Shareholdings
Directors/Officers ~520m 35% (of which Scott Bradley CEO is 30% not inc 15m options, the others 5%)
Instos/LgePrivate ~750m 50%
Public ~200m 15%
So, I'm not seeing the problem - of impropriety. Quite the opposite actually. Instos, large private, directors buying in or increasing their stakes - the founder Mr Bradley included, backing the company and himself. The market piling in on truly outstanding company news. Volumes way up in the past couple of months. Share price doubled in the same period. I think that if someone really wants out of this they've missed the point, like why sell when it's all finally clicking into place. And even if they do, there's a buyer for every seller, some who will rejoice at a desperate or distressed seller. What would I know anyway, probably going to get shafted by the boogieman, whoever that is. Or make a bundle.
BAA
Let's admit it, shareholders who keep holding aren't going to see red flags (at least while the SP is up on their buy price...) and the ones who do see (big) red flags never will buy anyways. Exactly the same as how no one ever gets booted off a board (unless they've REALLY screwed up or a big holder wants them gone) because those smart enough, and who care about ethical management, will never buy shares in a dodgy company to begin with!
We can argue this until we're blue in the face, but you and I are always going to be polar opposites, until something changes (and yes, I have the cajones to admit I was wrong and change my thinking accordingly).
I'm already tired of this, but you may have awoken Balance on the issue. And trust me, he doesn't give up as easily as I do (ie you could be arguing this for years; just look at NZO!).
Sweet dreams black sheep, take it easy this weekend ;)
Sure thing BFG. Buy some VML, it might resurrect the 27 year old who see's that opportunity at times outweighs the darkness, just be nimble with it. Have a nice weekend.
BAA
You may not realize it, Baa Baa but you are regurgitating a lot of old tired cliches without providing substantiation :
1. Instos etc buying in or increasing their stakes? Those buying in are doing so at ever decreasing share prices - bad bad sign.
2. Market piling in? Happened on many occasions with penny stocks and VML. Tell us about how the share prices crashed after that and why.
3. Share price doubled? How about share price has crashed 80% since backdoor listing was made?
4. A buyer for every seller? What about the mugs buying at a premium of 1000%+ from the seller who is laughing like a well fed hyena.
5. Get shafted or make a bundle? Who has made a bundle so far, and maybe more to the point, who has been shafted so far?
My position is simple, and I've put it out there in as much as I see it.
People will make their own minds up.
BAA
Your position is not simple, actually because of all those tired old cliches being mouthed off.
You realize per point #1 out there that the first real placement was done at 2.7c? That's a huge drop in value for the first lot of placement shareholders.
In any case, hope you give some thoughts to what have posted as they are intended to provide you balance in your assessment process.
Would you mind please clarifying this for us ... what date was the "first real placement" at 2.7c?, into what registered company?, was it open to the public?, if not who could invest?
Vmob listed on NZAX Aug 28 2012. The SP that day traded $0.03 (close 27/8/12) to $0.07 (adj price) on a paltry 25k shares. [Source: Yahoo finance]
thanks.
BAA
Found this news article 14 Dec 2014, which is not linked on the VML website and I don't seem to be able to find it here. Apologies if someone has already posted it. Good to see NZTE saying ... "We have worked extensively with VMob for the last few years, and we’re excited to be able to continue to contribute to their global expansion. We congratulate VMob on their ongoing global growth and expansion." https://nz.finance.yahoo.com/news/vm...033925135.html
I know there definitely some shares issued at 2.5 cents
https://www.anzsecurities.co.nz/Dire...spx?id=3473657
Coincides very nicely with the last good announcement and huge spike in price. Funny that eh? ;)