the vcn value, page-3

Another way to look at it is that VCN are getting two thirds of URL for $32million, because if the proposed merger goes ahead, the existing VCN holders will have over two thirds ownership of the "new" URL.

That’s a mighty hard pill to swallow, surrendering a majority stake in a multi billion dollar resource for what is comparatively a pittance.

I've changed my sentiment to none because whilst this management is in I can't see any sort of return on investment for URL holders.....even with $28 million in the bank!