Monday, August 29, 2016 5:03:09 AM
With VDC becoming a subsidiary to VDI and restructured the debt that once was VDC's debt is now VDI's debt as well as their assets which was paid for by the VDC note.
The only debt VDC has is their common shares and since they are in Liquidation that means they will have to deal with the common shares one way or another! But when they come out of Liquidation they will have roughly $79M in assets. On that note not hard to imagine why the corporate types for VDC or VDI want you to sell!
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