RE: Placing22 Aug 2023 11:01
Regretfully I know from experience this company gives out the bare minimum in terms of updates, and really only when it’s absolutely essential and unavoidable. Other than basic company news and price monitoring RNSs this year the company has only put out 3 comms. One was announcing the end of the agreement with a distributor pretty much before it had even got off the ground and then announcing a new agreement with Lindab AB and the recent MOU with NZV. That’s it. I don’t expect anything other than what they are forced to tell the market. This paucity of comms is apparently down to the fact the CEO was regularly attacked by Tom Winnifrith and his crew on anything they put out. It seems the CEO, Rob Richards, is terrified of Tom and so we now hardly ever hear of what he or the company are up to and what they’re current or long term plans are.
vDTk has got huge potential but the way the company is run leaves a lot to be desired. Unless they’ve really got things to hide then they need to front up and ignore TW and his like. Hopefully there’s actually some good news just around the corner and this current dip represents a good buying opportunity. If VDTK land this deal with NZV and get things right the potential market is vast and global.