As I write, the Vectrix Board of Directors are meeting to decide the final chapter of Vectrix. from my understanding, the board is debating one of two alternatives;
1) Declare Chapter 11 and recommend that the assets be sold to one of three contenders, the preferred candidate to be E-Max, which would see the IP and manufacturing base moved to china.
2) Refer the decision to a specially convened shareholders meeting.
After so many false starts and rumours, it will be good to see a decision at last.