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#GM&SVlastchancesaloon
200k should achieve something if it is well spent. Is it enough to turn things around? I would doubt that. Will it be well spent? I don't feel confident. I suspect that this is just the start, the 200k is just going to be spent keeping Val going for a while and further share issues will follow. The big question is will this be an interim measure before a more inventive way to fund the company is employed? Likewise I feel pessimistic. It's too early to say if the broker is going to be more hands on. If things don't change we already know that the future will be a company that will find itself exhausted by its own pathetic fund raising activities. If nothing changes we will just have to push again and again for GM and /or SV to go because if they can't change now it will be clear that they are part of the problem and have no place in the solution.
Shirley, Valirx's past History Of Attracting INVESTORS that Bought the Discounted Fire Sale Placings. IS, Most of them Dumped them as Soon as they Could. You know Who Bought them?.... Yes A lot of LTSHS TRYING to stay In touch with the Almost Always Falling SP. LTSHs/SHs That MR Morris Deems to be ONLY Second Hand SHs. ARE Those SHs Almost the ONLY SHs that Valirx have?. THAT Won't happen Anymore. BF agree but a Major Miracle is needed. You have to ask yourself What Can Valirx do with £200K? when they Threw Away £220K to Exit Mr Morris's £5k Bargain Buy?. Why buy another Co?. Had GM'SATU Not Enough on their Plate already?. DID Valirx Even have the £5k In the 1st place?. Am I correct In that Our New Investor will Own 1/3 of Valirx for £200K And GM/SATU would Allow that To happen?. Without Saying to themselves "We'll have To TRY and Save the Co and AT LEAST Pony Up the £200K ........ IF we Don't, What Will Hopefully Future possible Investors Think about What the Co Has to Offer" FEEL FREE TO CORRECT ME. IMO.
Shirley, the broker is not an investor, they will sell them as soon as they can. I can promise you that! As long as they get above 0.027p per share they will be happy to dump.
Be interesting to see but if the new investor do keep them on surely there aware how negative support will be and if I was a new investor and was reading this and other boards ,I wouldn't be touching this with a bargepole
Totally agree that share is a problem with voting out GM and SV (assuming that's the consusus). However I am a bit confused about the rules here. Is the vote based on the number of shares in issue when the resolutions where announced or when the meeting was scheduled to take place? Assuming its the later it is most likely that if the shares held by the broker count (not sure they actually do - the broker is required to complete the market that is supply shares purchased and buy shares sold) it is likely that they would support GM and SV so long as the broker thinks those two add value. Of course when the broker offloads the shares it all changes. The broker won't have the same voting power and the shares will almost certainly continue to lose value unless by minor miracle things can be turned around. If things do get turned around we all win. New shareholders get thier profit, our loses can be reduced a little and GM and SV can hold on to the gravy train. If they can't turn it around the army of digrunted shareholders swells. The only advice I can offer is not to to throw good money after bad when the broker releases the shares, wait and see if an sp increase can be maintained for at least 20 days before uping your stake here, derisking is the way forward.
Hi draco, I said it more in hope than fact and very aware of the consequences of the consolidation,however it may also be behind the scenes a deal has been done that they leave no matter the vote, again all of this will be known soon but cant believe these new investors would let gm and Sato carry on given there track record
I wouldn't be too sure of that Shirley. IF the New Bail Out Investors DO get on board. GM/SATU will have all the backing they Want. Made Easy for them through this 2nd 125/1 CONSOLIDATION. . Their Positions Will then be Further guaranteed By the INVESTORS In the Next Placings. SHs had the Chance to Find Out How Positive GM/ Satu are In Valirx's Compounds. By the means that I have mentioned on previously. IS IT Seemingly rubbing hands time again?. Not for most SHs. Feel Free to Correct me. IMO.
It’s still a matter of ‘if’ not ‘when at the moment
So anybody got idea when we find out if we can say goodbye to bod