Ann: Vango Secures New Strategic Shareholder, page-13

No dispute there about the old ORD mate. But the current management has proven to be very restrained on new share issue. Share on issue only doubled since Frank left, while market cap grew over 10 times during this period.

In terms of consolidation, the most recent post consolidation price of Vango was at 4c. Today VAN closed at 5.3c. Fully recovered with 30% gain.

Only question is, with reputable experts like Jon Dugdale and Peter Hepburn-Brown working for Vango, taking shares instead of cash, what do they see in Vango that the Naysayers don't? Worth some thought?