Baillieu Valuation of VEC, page-286

as I said I have zero concerns and would be extremely surprised if they havent continued with FT or at a minimum arranged finance at a better result than Magna has, IMO with FT not stumping up the cash as promised in the timeframes they had to revert back to plan B, kudos for having a plan B, now we wait, I have never said the deal was ideal, but it got us across the line and thats the main point, too many posters were alluding to the demise of VEC based on a 5 Million USD loan from Magna, it was a senseless conversation and until VEC management advises further I still strongly believe we will be dealing with FT General, all good mate