My guess is that VEC has also been placed in the bottom draw of the BOD's as well. I dare say its on the lower end of their priorities as I'm sure they chair the boards of other companies that can/are making progress.
I don't know for sure but its my opinion that VEC is in dead lock with creditors and potential financiers simply not being able to come to agreeable terms. Obviously I don't know this for sure but its simply my assumption on the matter. I believe current creditors terms would be the stumbling block right now.
The original deal came with a huge burden of debt.
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