Originally Posted by
B772
normanton I fail to see how VA has a
net worth is between $500-800m. Net worth has nothing to do with daily share turnover value. Putting it simply the liabilities are greater than the assets. VA has to be careful they do not trade when insolvent. The directors are in a precarious position and have to be careful they do not breach their duties under the Act.
5bn in debt, burning thru cash that is “borrowed” and generating virtually no revenue seems awfully close to trading insolvent.