My preference is for shareholders to vote no to the issue of the shares, VEC pays US$5m in cash to the vendors, VEC then does a cap raise at $0.06 (or more) to raise US$5m in the next few months time and we dilute by 1/3 or less of what we would need to if the shares were issued at $0.022.
That being said, it's more likely than not that the share issue will be approved at the EGM and we continue on as we always expected it to be.
Bring on tomorrow!!
