VEC 0.00% 1.2¢ vector resources limited

Except that MeToo's post was in relation to the inconsistency...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 618 Posts.
    lightbulb Created with Sketch. 168
    Except that MeToo's post was in relation to the inconsistency between the announcement on 7/3/19 and the half yearly:

    "Quote - “The US$5 Million payment was financed by the issue of convertible notes totalling US$5.7 million as disclosed in note 1 of the half year Financial Report.”

    Quote 07-03-2019 - A bit contradictory?
    ”This alternative funding was secured through a US$4.75m facility (“MEF/Riverfort Facility”) with MEF I, L.P and Riverfort Global Opportunities PCC Ltd (together the “Investors”) and has now been received.

    An additional US$0.25m was also obtained by the Company under the same terms via an unrelated shareholder of the Company, Temorex Pty Ltd.”

    The above total = us$5M
    As per 6 monthly there is US$5.7m in notes."

    Where MeToo was saying the too were contradictory. However, we now know that they're not contradictory as the 7/3/19 announcement was ONLY with respect to the alternative funding for the A-K acquisition and the half yearly contained the additional con-notes issued to rollover the US$950k as well.

    Seems the mud has cleared, but the sharks are still circling at the moment...
 
watchlist Created with Sketch. Add VEC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.