Originally posted by apkjm
Well did not see that one coming clear.png , firstly congratulations guys , this has been a tough fight ! But we are there ( Or will be on Thursday Morning )
Choice 1: ASX gives us the waiver
Choice 2: VEC Just pays the 5 mill in cash instead of shares
Choice 3: VEC announces a AGM for about 4 Weeks from Thursday 17th January so we can all vote on what we have already ( Near 100% ) approved at the last AGM
Choice 3 is they way it will go for me ( A room full of ASX Lawyers are going to pick the root of least resistance) not a big deal as we will be trading as normal , and any announcement that was going to drop after this one still can.
All in all this is a bloody great day , and a massive relief to be honest , but man was i primed to see this baby comes out of the blocks hot todayclear.png
Any idea why they couldn't just pay the $5mil in extra cash (from the loan) and then hopefully complete a raise at double the level in a few weeks?
NO doubt a reason for it but would be curious as to what that is.