Cheers Mr .B , I missed that Wednesday and thought it was better than the proactive interview , The bit where he said Actis is chasing VOG not VOG chasing Actis , The 100 tonner HDD is on the move . GL
I dont think this has been shown on here , it is a few days old but does give a slightly bigger idea what KF tends to do , much was said in the proactive interview , this one shows more , Hense. http://www.youtube.com/watch?v=mlDkDU79dOM
The thing wrong with dilution is placing shares will be offered to the city spivs, not us shareholders. When the spivs know they are to be included in the placing, some will forward sell the stock, or get their associates to do so bringing the share price down. The placing will then go out at a discount to the (now reduced) share price. The share price will then be stuck at a little over the placing price until the spivs have sold the remainder of the placing at a profit.
Mr B Have a look at this link you dont have to watch all if you have seen before ( about from 17 Minutes in ) you will see what I mean , that VOG is owed a further $20mill . http://www.youtube.com/watch?v=FL785cOPUZU
I agree the last dilution kept the company afloat . As we will soon be generating profits there is every possibility that VOG will be able to raise more funds if required from their current lender BGFI bank an African conglomerate or another suitable lender. Probably on the cards at some point along the way once the company overall profitability is increasing in leaps and bounds is a share buy back . If that does happen then all the dilution that we have had to endure might then be seen as a good thing by many of the current doubters. i
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