Im sitting on the fence with this one , I think its been around 15 Months since the last CR , so VEC has been running on vapour while the big deal dragged out endlessly.
I know VEC need cash to run a company as posted by some last Week. And the CR was telegraphed in the Notice of General Meeting Explanatory Statement and Proxy Form , so it was always coming , just a matter of when. @MaxAction spot on mate with your call !
With Adidi-Kanga being dragged out so long id say the directors at some point just had to pull the CR trigger ( Im sure they wanted the deal out for a few Months 1st ) but the bills do not stop because the SP, shareholders and Deals are not ready ( I wish ) it worked like that !
1.8 CR ( Two pips down ) from were we are right now , not World ending stuff to be honest ( Man are there bad CR's being run on other specs ATM ) sorry AVZ at least the Gap theorist here will be clapping for joy, Gap up unlikely day one open Lol
Anyway it all means nothing without Financial Settlement of Adidi-Kanga , I also expect we will stay in Suspension a few more days until to CR is done and dusted so the company can announce everything together on the same day , just makes sense to me at least !
VEC Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held