Interesting.
Im thinking,imo. Q - How is VEC going to be able to issue the Tranch 2 consideration VEC shares batch and that being over 300mil to Vender let alone the Tranch 3 in regards to the ASX 20% control rule, so will the consideration shares amount have to be paid in cash US$5mil ditto Tranch 3 over the US$5mil payments due on each Tranch draw down.
Like I've only seen a Share and Purchase Agreement in all the related announcements.
From my understanding the gatekeepers only allow more than the 20% control via a limited number of exceptions, one of the most common methods i believe to aquire more than the 20% control is '(A Scheme Of Arrangement)/merger and that needs in the first instance requires Court then share holders approval.
Opinions.. ?
Also and hopefully not. Like once 30% control is issued does /can that trigger a reverse take over ?. Yuk if so, red flag..
Pondering
Will there soon be ( A Scheme Of Arrangement) announced. .
Just saying, asking,banter ..
VEC Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held
