If one chooses to live in the past, with a chip on both shoulders, there may be some truth to that, but Vmob the company that exists today in the code VML has absolutely no responsibility or relationship to the history. Even the initiators of the reverse listing are gone or mostly gone if one chose to do their research.
Some who are more enlightened might see that VMob have moved from start-up to high-growth, with $4.8m ACMR HY16 and forecast $10m ACMR 6-9 months from HY16 reporting date. In a burgeoning market.
The even more enlightened will see how closely Revenue lags ACMR. They may also see the relevance of being 'the #1 business partner' of Microsoft Global in the Azure space, with the marketing scale and scope that brings.
The insightful will know who has been selling into the rise to .52 and capitalising on their gains from prior to the end of the CR. Those who don't know clearly don't do their research.
Vmob has bright future, it is the only tech on the NZX that is either making huge business gains and/or is not lumbered by overly exuberant expectations.
Whoever got the .35 - .38's ... well done, even if it's a very very (minnow sized) tiny fraction of the MC. As for us accumulators and long holds, we probably like these depressed prices as much as you do.