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The directors hardly have any shares so despite all 3 saying in the proactive podcast this is a cracking deal with little or no dilution it's a load of rubbish, they'll continue to draw their healthy salaries which is all they are bothered about
Carlingford have taken $1.5m in fees to basically help with organising this death spiral and to explain to vast management: You need to do this deal so you can: 1. Carry on drawing your 6 figure salaries (for decimating the sp). 2.Get BP and the diamonds into production (therefore AP Groups 20% of BP BENEFITS WITH NO DILUTION). 3. Get your share options. Just remember, as far as vast are concerned we as shareholders come last. 1 director took $244k salary. All whil the dp went from 0.65p to 0.11p and we were on the brink of going bust. Just think about that
So let's get this straight, Vast management have signed us up for a deal whereby the more the share price rises the more it will cost us to pay the $7.1m loan back. And their recent proactive interview said this was a great deal for shareholders? Mmmm OK. Ffs. Somebody inch me and wake me up and tell me this is all but a bad dream
Sold a chunk last few days to be honest, this company will always let you down on timescales and sometimes promises. May buy back in a week or two if price hits a lower target as I think they will get the diamonds but if I miss out then I miss out. Just glad to be at less risk with this now.
I have it on good authority that the scarf supplier has a 30 day returns policy which is excellent forward planning as we can't be wasting budgets can we. However it looked like AP had taken them out of the packaging so not sure if he can send them back now? Can anyone follow up on this?
This situation is diabolical but we've been here many times before where timelines and intentions are given but fall away. I appreciate this may not be vast's fault but an RNS should really have been issued for such a sensitive situation. Stop losses are no doubt getting triggered and some people will have invested at 0.5 or like me and many others I'm just trying to get back my heavy losses from the shambles here of the last 18 months or so.
AP has to give out timelines and those timelines are now dictated by the minister of mining and the ZCDC etc... so focus and blame now lies with them, Vast has done everything it can. I have been very critical of AP in the past due to the destruction of the sp from 0.65 down to 0.11 and miss management. Many people have lost thousands of pounds, some have sold at lows and are now probably feeling sick as a dog seeing the sp rise back to around 0.5. But as Piker says this could easily have gone the other way and been a total loss up to a few weeks ago and certain people who have remained very quiet are now ramping this to death publicly since the rise in sp and lambasting those that previously aired on the side of caution which kind of tells me they had little faith themselves a few weeks back.