RE:I would be interested in your opinion!!!!!!!!!!!!!!!!!!!!!!You are right Dog2! VanadiumCorpse 2 has the same plot as the first movie. The same pattern wuz exhibited just like the last time the company approved a PP with special permission from the TSX to swap shares for accumulated and accrued hours for sevral people to do what exactly????. Without any clear plan or use of proceeds for this private placement financing or the last one six months ago, my guess is the following....
- Hundreds of banked hours for VRBFF management and consultants can be exchanged for VRB regular shares and share purchase warrants as financing units (in addition to share purchase options outside of the financing.) Should this be true for the majority of the "financing", it is offensive to real companies and investors to call this a "financing". A debt swap settlement would by a second massive dilution event for the majority of dessimated equity attributed specifically to the majority of capital invested in VRBFF. In other words, should this announced PP by used to pay VanadiumCorp management and consultants with shares in lieu of cash, existing shareholders who bought shares at 10-20X the value get watered again and again and down even more into the abyss. In reality of reactors, digestors and wonderous vanadium never sold to anyone from their mining resources, The vanadium in vanadiumCorpse's battery electrolyte could be more diluted than their long term shareholders. cough cough. Here is the wording they used in this news release and the last "financing" to allow the VRBFF management's banked shares conversions. "Directors and officers of the company may acquire securities under the financing, which participation would be considered to be a related party transaction as defined under Multilateral Instrument 61-101. Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101"
- If the VanadiumCorp raised $1.88 million dollars as announced less than six months ago, where did the money go? An office in Quebec without a disclosed address? Testing vanadium without disclosed results? Promotion? Market makers? Making electrolyte without news of a single liter made or tested?
- Interesting the trading volume increases around the time of a financing like the last time.
Best to ask someone who claims to be a VRBFF if they know anything, has anyone spoke to someone there? Where is there?
So many unanswered questions, so few real cash invested shareholders left around to ask them.
Maybe we can get an office in the USA or China next. Hope springs eternal! GLTA, VITF
