((VIY ( can this be added to the Thread, please?)))
Nearly 2-years ago the "placing" was at 8p, diluting retail shareholders, now another top-up (abt. 2m raised gross, means they get 1.5m net!).
Two years ago I said:-"placing at 8p"
placings are about getting cash for the company - sometimes it needs to be such a bargain (for new investors) to compensate for the risk of further dilution if/when the money runs out.
The placing must have been a bit of a shock to those who believed all was going well.....and I suppose the new Appointment looks a bit odd - as to age I don't think it matters...but I'm concerned that he brings experience of getting technology out into the Market - surely they have done this and are focussed on this sensor-control aspect?

Until a company has an income to support the Directors the staff and research the business is vunerable to ruin and/or takeover (at a bargain price!) - so investors need to be able to see what's going on - ideally by see the business on its home turf - look at the products etc......this is why investing in what you know and what you can see is a good idea.

I don't hold VIY:-
1) I don't understand the business
2) I can't see the product, or experience its application.
3) It's based in the US, so any upside (or loss) will involve strange tax-position.
4) 8p shares will continue to be sold long-before I can realise any profit from today's sp (abt 12p) - that's 50% up, however you look at it.

However, it's seen some spectacular rises in the past and if they do secure on-going buiness such that their overheads are met...then their future may be bright again.

I wonder how long it will take to spend this Cash? - and wait for ann. of Directors awarding themselves Warrants, Bonuses and so on, for getting this "placing" off the ground.....er, nice one, I don't think so!