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Agreed Q.... more of political push and support rather than genuine bz undertakings.... ppl do bz for profit but in this case more of manipulative and embezzelement in nature by those in leather seats
One way Stock price is pushed not by revenue and profitable benchmark but via consolidation exercise ... to potray the comp image and give the impressions to financial institutions a bit of cosmetics play.... but the fact is compny still struggling with debts recovery and trying to exit pn17 status. See then coming Q report ended....be mindful
Hahaaaaa what happened to all ex or present BODs that manuovre and brings this ship into billions of debt?? Pocket full hepi ever after... toxic and ketimbang
Consolidation coming soon.... likely similar tactic used by Sapura Energy ...... but still billions in debt but stock price 56cents??? Still Pn17... see how they play the games .....
See Sapura Eng ... trails in trying to exit pn17... likely Rene will follow the same similar route.
To recap, Vantris Energy secured approval from the stock exchange regulator in June for its proposed regularisation plan to exit Practice Note 17 (PN17) status.
The plan includes a capital reduction to eliminate accumulated losses and strengthen its capital structure, as well as a 20-to-one share consolidation to reduce the number of shares in circulation, aimed at boosting its share price and lowering volatility.
How many more pp or rcb ? Dilution? Consolidation exercise?.. court cases? Debts settlement? Financial institution support? Trades confidence?..... exit plan fm pn17? 7 Feb 26 ... see how the going
