Competitor's gone down so... Welcome to the backup thread :))

Current price: 3.625p
Target price: 10.000p (see below)

From the RNS 'Acquisition of Foroso':
"In order for the vendors to receive the full earn out
consideration, Foroso will need to achieve: profit after taxation of 600,000 or
revenues of 1.0 million in the period from the date of acquisition until 31
December 2005 or in addition the bid price of Virtue shares to average 10.0
pence per share over a 2 month period from today until 31 December 2005."



TA Observations:
- Downward trend has clearly reversed
- Upward trend now dominates the chart

Market Maker Position Observations:
Over the last month we have seen the Market Makers bidding high volume, but restricting their offer size to small purchases. Yesterday, for example, at one point their maximum online bid was 375,000 and at Mid price!, but the most they would sell you was just 10,000 at the FULL quoted price.

The reasons behind the MMs activity is, as always, never clear. Many people feel the MMs were previously short during the downtrend, and are now trying to square their books. Some think there may be a large buyer in waiting to come on board and that the MMs are trying to collect a reasonable stake for them. Others think the MMs are attempting to establish a long position before effecting a bull run.

One thing that is clear: Both the Company and Foroso vendors are expecting the VTB share price to reach 10p by next year.

I understand the results are due any moment now.

The results have to be released by September 30th.