PRA 0.00% 0.0¢ promesa limited

Definitely a sad story. Feeling for AWD/VNX holders too. What a...

  1. 3,697 Posts.
    Definitely a sad story. Feeling for AWD/VNX holders too. What a mess. A holder/poster over there had mentioned a while back that they "thanked God they weren't a PRA holder." all I can say is "thank god we are.." But nothing is certain until the day of re-quotation. AWD no longer exists & VNX removed from official quotation with CR $ being refunded. Their RTO is toast and existing AWD holders (now VNX holders) are left with shares in a private company that they can't trade out of until hopefully VNX can front door IPO back onto the ASX.
    In the meantime VNX may struggle to raise what appears to be much needed capital to ensure they remain a going concern. Could be 18 months until they relist. Shocker. Absolute shocker. Also very sad for holders that now find themselves stuck in limbo with no answers. Tough gig this is sometimes unfortunately..

    I am first to admit that I ramp this stock and this stock alone but I don't dismiss the naysayers without investigating their concerns for myself. It's natural for people to follow and everybody's due diligence will be different. It's much tougher to take the reigns and lead though and that's the approach I prefer to take when investing. Ultimately though it is up to each individual investor to take responsibility for their actions. Look at the worst case possible scenario first. Do your homework. Make your decisions. But for gods sake be accountable and learn from your mistakes or misguided judgement.
 
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