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2.5¢ vivid technology limited

You’re right. I missed that. It’s a nice vote of confidence for...

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verce

4,284 Posts.

253

06/12/18

20:39

Post #: 36776887
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Originally posted by edshann ↑

Originally posted by verce
I'm sorry for ever mentioning this company to anyone. This is a pretty dismal result.

Will be interesting to observe whether management decide to put any of their own money in.
The announcement says Directors are applying for 6.2 million shares worth $185000, conditional on approval at the EGM.

We got $1 million in revenue in the first quarter and the statement says there are $1.5 million in un-invoiced orders and potential purchase orders in the next 4 months of $5 million. Presumably we have already received some cash payments this quarter as well. That suggests we have a base equal to just over last years total sales of $7.3 million, plus any new orders in the second half on top of those already expected, plus the usual R and D payments ($1 million last year) and the Woodside deal. We are making progress, but are a long way from even breaking even.

I always viewed this as a 2-3 year journey so I am comfortable waiting, though not putting new money in.

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You’re right. I missed that. It’s a nice vote of confidence for a change. Will be watching how many shares specifically the Managing Director picks up.

VIV Price at posting: 3.1¢ Sentiment: None Disclosure: Not Held
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