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I also bought in at 0.10 in 2010. thankfully I bought a few more...

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gilbo67

200 Posts.

22/02/18

16:52

Post #: 31265074
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Originally posted by SkyDi ↑

Hi WS
I've been supporting VLA since 2009, when the SP was equivalent to around $0.38 and I'm now free-carried. I'm enjoying the healthy boost to the paper profits today...but, I agree with you that the take-over bid is incredulous...

In Jan 2010, another of my early purchases of VLA was for $0.10 - prior to the 10:1 consolidation in Aug 2011 - so this would be equivalent to $1:00 today. I recall a spike that took the price over the equivalent of $2:00. That's a long time to see such a small appreciation in the share price, particularly when you add in all the progress, trials, impressive results and data over the past 8-9 years.

I sincerely hope the BOD are being tactical (ie priming for a bidding war) rather than simply giving away a decade of innovation, research and trials for an absolute steal.
Cheers
Di

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I also bought in at 0.10 in 2010. thankfully I bought a few more at 70c a week ago

At least we're 'on the market' now, as they say in real estate... we just need another bidder and this could go anywhere.. would take this position any day.

GLTAH.

VLA Price at posting: $1.69 Sentiment: Hold Disclosure: Held
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