TSK - TASK Group Holdings

**Absolute144** · 10-06-2016, 04:37 PM

3957000 shares traded today at vwap .34 cents

**gmatt** · 10-06-2016, 04:45 PM

https://www.nzx.com/companies/VML/announcements/283855

This could be the explanation

**allanatnz** · 10-06-2016, 04:46 PM

anyone what is happening?

**allanatnz** · 10-06-2016, 04:52 PM

but it is private placement. 3957000 shares was traded on open market.

**Baa_Baa** · 10-06-2016, 05:10 PM

VIX Investments Limited have bought just over 10% of the company, second largest shareholding after the CEO Scott.

Another shareholder has sold 3.8m shares to VIX today. We'll have to wait to confirm who that is though there are only 3 possibilities, Colins, Norman or the CEO (Sharbo).

Great to see VIX voting with their wallet, this is a significant move to buy 10% of the company.

**Leftfield** · 10-06-2016, 05:47 PM

Originally Posted by Baa_Baa

VIX Investments Limited have bought just over 10% of the company, second largest shareholding after the CEO Scott.

Great to see VIX voting with their wallet, this is a significant move to buy 10% of the company.

Could be a game changer.

I like the link between loyalty programmes and mobile payment technology, as predicted (almost) in my above post #1961.

Here's how the announcement worded VIX's interests;

"VIX Investments Limited is an investment company with a focus on investing in technology companies that facilitate payments - (“paytech") in areas typically considered "non-core" by traditional financial institutions. VIX is an active, long-term investor, supporting both the growth of individual investments and realising synergies between investee businesses. VIX currently has investments in the transit, fintech, mobile, telco, POS, authentication and virtual card sectors."

**allanatnz** · 11-06-2016, 08:36 PM

So how many percent of shares Vix holds after private placement and purchased from market?

**Baa_Baa** · 11-06-2016, 10:08 PM

Originally Posted by allanatnz

So how many percent of shares Vix holds after private placement and purchased from market?

It's public record 10.10% if you care to look https://www.nzx.com/companies/VML/announcements/283864 that's what disclosure is all about, you don't have to rely on a chat group to do basic research for you.