Ann: Vector to Undertake Equity Placement, page-82

i agree in general with retailers perception kills them, that’s their loss. If they look at this short term financing in isolation then imo the company is better off without weak hands. Weaks hands and nervous nellies kill sentiment albeit temporarily. With this acquisition locked the doors open for bigger investors and nervous retailers can exit. Good luck to them. I look beyond the next immediate step that’s why I consider myself an investor rather than a trader and gained 5x plus using this strategy, it works for me everyone to there own I guess whatever’s comfortable.

I don’t agree about the credit card scenario because the interest rate is 20% and we aren’t buying a car, the 20 seems to be confusing plenty of readers. Read the info carefully, Magna is more like temporary finance option that won’t get used anyway as we have 90 days to arrange conventional financing. The $2.6M CR is cash in bank to get going, fully subscribed apparently! Including Magna as a fall back option is so the market is fully informed at the time of the CR. Nothing there says it will get implemented.

Tomorrow or Wednesday we will all know and everyone’s mind and speculation will be put at rest. I think the focus should be that informed parties have confidently stumped up $2.6M and of course who are those parties?