Baillieu Valuation of VEC, page-206

He is right the cleansing prospectus is not used to raise capital but to allow any shares issued prior to 23 April be freely tradable.

I don’t agree that this would mean a further issue is likely prior to 23 April pretty sure leaving it open for 3 months is the max allowable and that’s why they would have elected for that time period.

They don’t mind chewing through money though so you never know.

Prior to 28 May is my bet.