Ann: Vector to Undertake Equity Placement, page-54

Id expect more finacier change, the financial announcements and shares that were as Announced to of been issued have flip flopped continues..
This latest suspension and extentions was always going to be on until at least after a GM imo.
I think the amount of shares considerd to be allocate to all concerned clearly did not sum up.
GMs are required for ratifications and Exemption as to allow issuing more than a company's annual total combined share capacity: 7.1--15% and 7.1a---10%.
My understanding is you can't simply slip through issuing over the annual capacity via just those usefull variety of tricky prospectus.
Annual share issue capacity is automatically recharged every year.
At the 30th June last year the number of shares on issue was 1,387,286,491 so the company's combined capacity to issue shares must of been only around ( 346,821,622 ) number.
Next annual capacity recharge % up grade will be a cracker: anyways from memory i think the next CR after this current one, the CR just passed at the GM- resolution 7 Will be exempt from the capacity % allowance so the total this 300mil shares are good to go exempt as long as there issued within 3 months from the GM date being 28th Feb 2019.
As announced by VEC they have already applied to get the Tranche 2 $10mil loan money but i can't yet see were the other 300 million plus shares come from straight away as to what is already committed to be issue from the latest prospect and the GM results, although as VEC have announced they can pay MGI the Vendor and that being the new VEC Executive his US$5mil with cash in lieu of the 300mil + shares,
so wouldn't rule out seeing a new financial arrangement say around what - AU$8mil just for that perhaps?
Ps
Could it be that Magna mob somebody originally mentioned if so? also remember another VEC poster said that CFE, which coincidentally i see is one of JBs old company's that he moved on from CFE/Tony Sage has just done a recent deal with Magna.