Vendor MGI Debts

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