RE: Voting8 Feb 2026 12:05
@Houlihan, I have same question like you about the value of VAST is considered on this merge. Year before our CEO mentioned it around 200million. Saying so he reduced his stake in VAST by placement after placement and builded up his stake of 17.08% in Bay Square Pacific Ltd owner of Gulf International.
Also, we are not told how much revenue we got from Bay Square as per 10% profit share agreement we made already and exact value of the diamond parcel is sold for. All these information are faded by this proposed acquisition value to 20%
But we didnβt have any choice other than accepting this proposal as VASTβs 11million debt is already expired and not renewed yet which might lead to administration otherwise.
Do anyone know where exactly this GM meeting occurs and do we have chance to raise these questions to them?