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07-01-2016, 02:49 PM
#1821
Member
Originally Posted by Baa_Baa
Attachment 7783
"(b) VMob attains a market capitalisation of at least $40 million, by no later than 31 March 2016."
The second condition for transfer to an NZX listing has been 'attained'. I wonder whether there is fine print, like ... attained for how long, or 'sustained' for how long, or something else. On a literal interpretation though, condition (b) has been met.
The other thought I had was - does VML even need to wait until March 31st or can they switch as soon as they meet both those conditions?
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07-01-2016, 02:56 PM
#1822
Originally Posted by Cobber
The other thought I had was - does VML even need to wait until March 31st or can they switch as soon as they meet both those conditions?
Its like saying can you drink the milk before it expires or do you have to wait till it expires
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07-01-2016, 02:57 PM
#1823
Originally Posted by Cobber
The other thought I had was - does VML even need to wait until March 31st or can they switch as soon as they meet both those conditions?
That's also on my mind Cobber, but literally reading the condition, the first part is 'attains $40m MC' .. (done) .. the second part is 'by no later than 31/3/16' (done). So literally, it seems VML could move to the NZX anytime they want to from now.
I wasn't expecting condition (b) to be met in the first week of trading, but what the heck. It's there now. So the other question might be, what if the MC falls below $40m again?
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07-01-2016, 03:45 PM
#1824
Member
I hope you're all holding on for this ride.
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07-01-2016, 04:42 PM
#1825
Competition and reality occasionally intersect
Originally Posted by Yoda
how many of the 22 have skin in the game , i wonder?
Pity that VML is doing it's dash before the competition actually starts. I may swap it out for something with latent potential.
Best Wishes
Paper Tiger
hobbes.gif
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07-01-2016, 05:02 PM
#1826
Originally Posted by Paper Tiger
Pity that VML is doing it's dash before the competition actually starts. I may swap it out for something with latent potential.
Best Wishes
Paper Tiger
True, but still has a way to go this year to reach full potential. I have it on my comp list and portfolio, its steadily rising and doing pretty good job. Regarding the whole when is the 40 million MCap reached, its likely when the volumed traded on average over a certain defined amount of time, but it seems its reached that so far, so once it comes on the main board should do wonders.
Last edited by silverblizzard888; 07-01-2016 at 05:10 PM.
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08-01-2016, 10:24 AM
#1827
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08-01-2016, 12:09 PM
#1828
Member
Originally Posted by Baa_Baa
Nice to see them make it across. The NXT is a waste of time.
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08-01-2016, 12:20 PM
#1829
Share chat article worth a read, pretty much exactly what we've been talking about here recently: http://www.sharechat.co.nz/article/5...rice-rise.html
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08-01-2016, 12:49 PM
#1830
Originally Posted by Baa_Baa
Article says Bradley said one of their clients was Mars Drinks? Is this a trial before they manage the Mars company product apps? Or is this the Mars Drinks that has nothing to do with mars? Hmmmmm
Last edited by silverblizzard888; 08-01-2016 at 12:50 PM.
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