Noted. Ok a bit to go then. They'll go to the ASX for sure. I picking this year too. But yep I understand they have said it is not their intention for now.
Printable View
Date of relevant event: 23 December 2015
Date this disclosure made: 6 January 2016
Date last disclosure made: 2 November 2015
Substantial product holder(s) giving disclosure
Full name(s): Scott Bradley, Rebecca Bradley, Sharbo Limited
Summary of substantial holding
Class of quoted voting products: Ordinary shares
Summary for Scott Bradley, Rebecca Bradley, Sharbo Limited
For this disclosure,—
(a) total number held in class: 17,281,095
(b) total in class: 82,053,920
(c) total percentage held in class: 21.06%
For last disclosure,—
(a) total number held in class: 17,281,095
(b) total in class: 72,724,508
(c) total percentage held in class: 23.76%
Attachment 7783
"(b) VMob attains a market capitalisation of at least $40 million, by no later than 31 March 2016."
The second condition for transfer to an NZX listing has been 'attained'. I wonder whether there is fine print, like ... attained for how long, or 'sustained' for how long, or something else. On a literal interpretation though, condition (b) has been met.
:)
That's also on my mind Cobber, but literally reading the condition, the first part is 'attains $40m MC' .. (done) .. the second part is 'by no later than 31/3/16' (done). So literally, it seems VML could move to the NZX anytime they want to from now.
I wasn't expecting condition (b) to be met in the first week of trading, but what the heck. It's there now. So the other question might be, what if the MC falls below $40m again?
I hope you're all holding on for this ride.
Pity that VML is doing it's dash before the competition actually starts. I may swap it out for something with latent potential.
Best Wishes
Paper Tiger
Attachment 7784
True, but still has a way to go this year to reach full potential. I have it on my comp list and portfolio, its steadily rising and doing pretty good job. Regarding the whole when is the 40 million MCap reached, its likely when the volumed traded on average over a certain defined amount of time, but it seems its reached that so far, so once it comes on the main board should do wonders.
Migration to NZX https://www.nzx.com/files/attachments/228058.pdf
Share chat article worth a read, pretty much exactly what we've been talking about here recently: http://www.sharechat.co.nz/article/5...rice-rise.html