I also prefer things are paid in shares; I'm not complaining about that. I'm also not complaining about a small cap doing a CR. My issue is, as is very consistent with VEC, timing, poor communication, and making decisions that indicate SHs are not a priority.
Deadlines being missed, THs consistently becoming suspensions, CR being (not) announced at the lowest SP since the AK acquisition (why not a week ago? Why not next week? Why not mentioned in the suspension announcement?).
The issue with VEC is *not* that they are doing CRs or tying up loose ends or making strategic plans or trading shares for potential. The issue with VEC is that we are *constantly guessing* as to what's on the horizon, and that management is quick to cash in for themselves or their partners while we're left to wait for THs which become extensions, which are usually well after the anticipated date/deadline. Let me point out that we still don't know what's happened with the financial acquisition of AK, over a month after the "acquisition was completed", but we do know that management has received their bonuses for it.
I'm not surprised that the go-to for rampers now is "you don't matter as a shareholder, sell and leave", because this is a total s*show.
VEC Price at posting:
2.0¢ Sentiment: Sell Disclosure: Held
