The last capital raising was completed just over a month ago ( 12/02/19 ) ...and now they are
proposing another .... What this does show is a lack of foresight and planning by SM and
management ..imo
Anything short of a placement to a Sophisticated Investor or Institution will likely end up failing..
WOW ..I'm just shaking my head at what a shambles Viv is becoming...two recent announcements
.. both marked as price sensitive with a lack of any $ value attached and both a fair way down the
track ... a ploy to try and excite ( suck ) investors for this raising....this is misleading ...imo
.. I can't imagine what those investors who supported the last raising at 3c are thinking ....at what
point do you trust him ... and by the way....." directors and instos put lot of coins at 3 c "....
SM investment of $10000 from his $300000 salary sticks out like the proverbial sore thumb ..
wonder what he will invest this time around....
Borrowed this chart from pxajb002..ty
The only thing that was achieved by the previous raising was to pay their salaries and
likely will be again ....imo The CEO and BOD need to be accountable ...
all the above is imo...
VIV Price at posting:
2.5¢ Sentiment: None Disclosure: Held