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Vendor MGI Debts

  1. Trader28
    1,037 Posts.
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    06/10/20
    14:42
    Post #: 47884946
    I believe GRL is carrying up to US$30m of debts and needs this deal to settle - as I believe he may risk losing the asset himself— not VEC.

    I believe that is the reason he sent out the default notice, he wants -NEEDS- VEC to settle and this is what, I believe, he thinks is a possible way to force the issue— which may back fire on him.

    With the announcement VEC made last night , it would appear VEC is in a stronger position as the Escrow agent is not releasing anything without a court order or VEC approval.

    Interesting - IMHO
    VEC Price at posting: 1.2¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch. 9  Great analysis
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