Hi Roboshan,
I assume your news came from the Administrators, did they indicate any timeline and process to have VRE relisted.
Looking into IMC and their parent company Austral Asia, I believe they may now do something positive to grow VRE. Although sitting on 200K bought at 26c my intent is to hold. I do not think they will open at much more than 2c and will have until June 2010 to take any loss.