VIR 0.00% 1.4¢ viridis clean energy

Ann: Market Update , page-4

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  1. 86 Posts.
    I may get clarification on this but it is my understanding that management have not yet entered into the 15 day vwap to determine the price of the 14 mill shares they will be issued for the purchase of the management rights. I can not find anywhere that a floor has been set in the price of the management rights.. so it will be 14 mill shares at the 15 day vwap price.. Management have absolutely no motivation to do anything but keep the price low until their deal is done. 14 mill shares are much cheaper at 20cents than 40.. I expect that once completed the information flow will be significantly more detailed and include some positive news to increase the value of managements new investment... imo of course
 
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