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DILUTION and fundraising (VTU)     

hangon - 26 Jun 2009 19:32


OOps! - anyone that invested in this (before May09) will be shocked to find the shares nearly doubled (new ones at just 10p) - so expect these cheapskates to drop their stock as soon as the sp rises.

It seems much of this cash has been squandered on buying yet more dealership garages - oh dear. Further funds were used to buy Freeholds - not sure if this is daft or what - sure it locks out rises in "rent" but I suspect the money would be better kept on hold until needed - or maybe used to keep the business solvent until Car-Buyers return to silly car-prices.
EDIT (24Aug2018)- just woke up to sp~48p but "motors" are not selling IMHO - as Folk with DIESELS can't get any secondhand "value" and Others are happy to stay with Petrol, at least until "Electric" come down in price ( + Batteries at silly-money, but don't expect anyone to tell you!).
Also, we are leaving EU soon,(March 2019), there is further uncertainty generally - so I guess "Motors" are not things we need to be buying urgently.
Makes you wonder what will happen to the stockpile-of-Diesels, when they are unsaleable for road-use. Presently they are being seen as the major polluters in town and City - the rise in asthma being directly linked to the proliferation of domestic diesels.
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