What did I catch zipping across the top of my screen? Raise your eyes. An advert for VBA to Los Angeles.
Some of us thought we were being cheated by the capital raising of >1 for 1. Obviously the instos aren't seeing things that way. They see the money as a debt free war chest, for fighting with Qantas and Jet Star. Hence VBA's share price has not slumped, as doom and gloom forecasts predicted.
I was going to sell my holdings, reinvest in my rights, and pocket the profit. Now I am just going to buy my rights and wait to see what happens.
VBA Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
