I had exactly the same concerns. Seen it all before, but this is the first time I've seen the vendors escrow themselves for 24 months. Need to make a decision in 18 months time if it's time to get out before they do, but you would have to imagine its all upside till then.
I never pay much attention to the eps on a microcap as it doesn't reflect in the share price and when you're not paying dividends it doesn't help. Need to check back, but those extra vendor shares are escrowed as well aren't they? At current market rate, market cap will climb to circa $18m.
So far so good, no surprises and delivered what they promised, but would like to see more positive announcements as this stock is really thinly traded. Surge today of 30% on the back of results and new analyst report is encouraging and finally 600k of shares traded shows someone's got some confidence.
VMX Price at posting:
25.0¢ Sentiment: None Disclosure: Held
