HI Brendan,
I can't answer about the VLC. I still believe that the VL 'would be ETNL's most profitable' as you say too. I don't know what's going on behind closed doors between EI and the Vatican representative.. I don't know if it's 'business as usual' meaning that they sign the contracts and everything goes on as it was, or if there are any changes requested, OR, as some seem to want to speculate, that there isn't a VLC license anymore. I would find that very hard to believe though, soooo.. again, I just don't know and will wait to find out when EI tells us..
I honestly didn't even think about the LOC when I read that update yesterday, but yes, I suppose they could have updated us on that.