If the board and controlling shareholders did allocate those new shares as the condition for relisting at 0.001(allocated to retail holders as imposed by the ASX) to old ERJ (former name of VPR) shareholders instead of to new retail holders, the share price might have gone up to 0.005 since it is less likely that old ERJ holders will sell it. Most average cost of old ERJ shareholders is above 0.006 or even some holders have average cost which is above 0.015.
Most likely, the sellers at 0.001 are retail holders who were given special privilege to buy at 0.001 prior to the relisting on the ASX.
VPR Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
