You appear to be claiming that VMOB directors and/or staff have market sensitive/important news which they are deliberately withholding in contravention of the rules.
Best Wishes
Paper Tiger
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Oh well I'm in. For now. I wouldn't have bought if I'd known the consolidation was happening. I don't like consolidations, they seem to just allow for the share price to fall further, so have a tight stop and not likely to be around for long I'm afraid.
very good point paper tiger. Although by co-incidence the FYE result may be published sometime after close on 1 May2015. I think more likely is that some major announcements may be made when negotiations conclude but before listing on the ASX. This would be a contract in the pipeline. Of course total speculation on my part.
Just wondering how the brokers and the market will survive without the $25,000 odd of VML activity not going through each day when VML is in a trading halt.
Watching a 'work up' in the ocean and you will see the birds squawking and diving at the sprats, who are dashing around avoiding the Kawhai, who are darting around avoiding the Kingy's, who are schooling to avoid the sharks, all of which are oblivious to the anglers on the beach.
The glorious thing about anonymity is that in the VML 'work up' it is next to impossible, unless disclosed and believable, to tell who are the birds, the sprats, the Kawhai, the Kingy's, the sharks, or the anglers. But they're all here.
The next couple of weeks could be pretty tedious prior to and during the trading halt and the re-listing at the consolidated price. Best perhaps that we focus not on the squawking birds but on which side of the queue we want to be on, or not on, on 7 May.
BAA
several reasons why I am excited about the share consolidation. in the first instant it is part of the roadmap to achieving several significant objectives this year including exposure to the ASX.
It gets rid of the penny dreadful status. (unjustified in my opinion)
having shares at circa 50cents means there will be circa 60m shares instead of circa 1.5b.
I don't think i'll lose any money on consolidation and that is the key thing. I did originally think it would be a 10:1 consolidation, but understanding the need to have a minimum price for listing on NZX makes sense.
I'm looking forward to more announcements of clients, the consolidation proceeding, and the listing on the ASX. Im not looking forward to another round of capital raising but I do understand that it is necessary.
No Robbo
the logic is a consolidation before listing on the ASX.