Baillieu Valuation of VEC, page-335

Here is my take on resolution at last EGM in whichissuance of shares was granted to FT.

If FT were not still being considered,why bother getting such a resolution passed? I understand the speculation, whether FT gets across theline, or whether it won’t? This a fair argument. But my question is why includeFT? If they were not a preferred finance partner why bother? Keep in mind the deal was delayed which IMO resulted inthe potential funds from FT being invested elsewhere.

Remember FT act as ainvestment vehicle, they find value for their investors. If the deal with FT had fallen through, I believe due toASX disclosure rules, Vector would have to let us know. Let’s see what is announced through the ASX....