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
If there is no waiver granted that means there will be an EGM organised for around the 17th February, and then the shares released on the 18th, however the shares as far as I can see will be in escrow for 9 months after issue, in effect that means they will be unavailable for the next 10 months, so no dilution or dumping will be happening for that period, the other thing that can be seen as a positive is that for the next week brokers, instos and the likes will have the knowledge of what is happening and will be lining up to buy whatever is on offer, management can and hopefully will start releasing any and all announcements associated with the acquisition whilst we are still in suspension, did someone suggest a resource upgrade, all in all its not a bad thing that is happening just frustrating as we all wanted it to resume trading, GLTAH
