Ann: Extension of Voluntary Suspension, page-96

Golly thats no very nice..
End of the day if so, Magna wouldn't exactly get nothing would they ?
The shareholders would get nothing.
Like it was a secured loan. Yes ?
'General Security Deed' enterered by VEC in favour of Magna..
The con-note holder is creditor so wouldn't they end up owners of an ASX shell, then tidy up some. Thats worth about a min $4 million dollars these days just ASX list isn't it.? Plus magna would get the other gold project. What would that be worth on an assets value massage books. say $2 mil.? If so would that be all good to go for new name change rinse and repeat etc i quess : )
I presume
Magna wouldn't get the AK project though coz the way that MGI6 agreement is structured regards potential breaches in place ie; the DFS, the escrow agreement conditions with VEC 60% share holding in MGI-6 if breach triggered then VECs shareholding forfeited, the AK project goes back to MGI./formoso/ a VEC director i imagine.
I think its
bingo time for magna if VEC pulls a VA, gawd the lot would appear as VEC pirated if so and crikey via the ASX,, a milk job completed : (
associates magna and their soph syndicated investor team would end up doing just dandy i believe, also gawd MGI would have pocketed over AU$7mil + others given heaps of fees/share issues etc have been paid out, tonns sold on market etc etc ; (
Just saying. .