At 2pm AEST 28/5/10 we have seen 184,870,884 shares change hands as low as 30c. There are still 60,000,000 plus shares for sale where the sellers are asking for 40c or less.
As VBA still has a very high Price/Earnings ratio and a high debt/equity ratio of 308% with the prospect of no dividends on the horizon they are still on shaky ground.
Massimo Borghetti's newly purchased VBA shares are well underwater and the net present day value of his renumeration package is not as attractive as it was when he started on 08/05/10.