Also how/when do they decide the listing price on the ASX? If I buy 25 shares at $0.019 and those 25 shares are consolidated into 1 share, I paid $0.475 for that one share. What happens if the listing price for ASX is NZD$0.4? Do I then lose value?
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Also how/when do they decide the listing price on the ASX? If I buy 25 shares at $0.019 and those 25 shares are consolidated into 1 share, I paid $0.475 for that one share. What happens if the listing price for ASX is NZD$0.4? Do I then lose value?
VML will pick a price for its ASX listing.
On opening day, the market will decide what it's worth.
For instance, MJP.ASX was selling pre-IPO shares for $3.00NZ each. They did a 1:10 dilution to make the price more attractive for the IPO. The IPO price was 40AU cents per share. On listing day, it traded briefly below 40 cents then went up to about $3.15 over a week or so.
There was no reason for such a jump - just goes to show, the market decides what it trades at after listing :D
Oh dear, looks like Wallace and BaaBaa have arranged for all their posts to be deleted. Shame
Methinks they have been approached by VMob to participate in the next cap raising and as now they are 'insiders' they thought it prudent to wipe the slate clean
Got to be careful on anonymous Internet forums. One day they're there, nek minnit they're gone.
Maybe they finished selling into all of this great news, to take advantage of that placement...
:D
And their gone.....
OK back to the tape, someone is selling at 2c and someone else is buying, this has been happening for some time now, it doesn't look retail on either side. The seller is too patient and the buyer knows the game.
Its great that you have dedicated your life to this board and saving people from the impending doom of a possible pump and dump Robbo. If Robbo decides to delete his hourly service to the great uneducated / unsuspecting / unwashed we will be back down to a few pages of posts based on market news and chart analysis, wow imagine that. Remember its all built into the chart and the tape never lies.
One thing I've learnt in years of being on forums; never ignore the posters who argue against an investment.Sure some are obvious downrampers and many holders are uprampers(its human nature). Posters with money invested tend to look for views that support their view and disregard opposing views so can become biased and sometimes pawns to people with other agendas e.g. wanting to influence the s/p,have little power trips, or are employed by the company in question for example.
Im not saying this is happening here( more on another forum i go to) but who knows. Ignoring posters often means you are getting a biased picture and one can miss warning signs.
This is general rant and not aimed at VML but a response to montys reaction.
As do I. I can understand it can be confusing for people when people are on opposite ends of the spectrum.
This cahoots deleting of posts hardly adds any value to a now disjointed thread, so I don't know about that -- perhaps if too much unrelated banter wasn't entered into in the first place none of that would have been deemed necessary.
Anyway, Joshuatree I think that is important to note. I recall Pacific Edge dropping from $1.70 to $0.65 all whilst similarish thoughts were being voiced; downrampers "attacked in the street" type behaviour. Not cool.
Deleting their posts in tandem is fairly good proof that they were working in tandem for some purpose. Deleting their posts is probably an inference that the plan is over.
Anwyay, VML's placement advertising has been released: https://nzx.com/files/attachments/212023.pdf
I think it's interesting that VML disclosed some of the spin-off information of their highly confidential contract with McDonalds:
However, I am saddened that they would disclose this information one day earlier (28 April) to their potential placement punters than they did to the market in general.Quote:
McDonalds Global Contract
Example potential of VMob in one global account
- Total McDonald’s Stores Globally – 33,500
- Countries 119
- Customers per day 68 million
- VMob currently deployed in 3 markets / 3,800 stores
12% of stores globally
- US has 13,500 stores so total will be 17,300 or 52% of global
stores when VMob goes live in US in 2015
I also see they've decided to do a SPP for existing investors - another strange twist in the VML saga. From "pre-IPO" to "private placement" to "private placement and SPP."
:D
And in the meantime the VMob good news train just rolls along.
at the @icomglobal awards dinner VMob has been the category winner for
data creativity mobile award
data venture challenge mobile award and
Data venture challenge overall award.
none of this will impact on share price and will probably go well under the radar, but these awards add to the growing list of achievements. Many here remain cynical of VMob. That is fine, but the industry and the growing list of companies who are part of the VMob story see it otherwise.
Both Baa and Wallace D are still on the members list so haven't actually disappeared unlike Moosie aka BFG( Actually there was a post from The Moose on a NBR article on the CFO of Xero resigning so he's still around but not on here)
I have been in touch with Baa
he ( or she) advises that he /she is alive and well and that absence is only a technical hitch and will be back as soon as problems are sorted. Don't fret the debate can continue.
Thanks Monty, I can see everything that's going on and post as well, but apparently no one can see it, except me. I can't see Wallace's posts either as it happens. Hopefully STMod can sort it out.
And when this post is revealed, I can categorically state and re-assure everyone that I have absolutely no association with VMob except for being a shareholder, and a happy one at that.
Thanks to all the lovely members for your kind thoughts. :)
BAA