Vantage Drilling Company Common Shares (VTGDF)

[Alpha1974]

They went through a CH11 which is restructuring and they successfully did so and cut the interest payments to something manageable! VDC was the parent the company and has now been in Liquidation and will get a striking off and can reincorporate early next year.

The reason they have 13% or $79M in equity assets in VDI is because they signed over equity assets to VDI through a promissory note.

The reason VDC can get a striking off is because they have no assets and no liabilities right now because in they are in Liquidation and KY does not recognize the assets after the Liquidation was granted.

Basically when they reincorporate they will have $79M in equity assets and are still receiving passive income from VDI!

That is why there is still institutional investing in VDC right now.