Thursday, November 30, 2017 4:58:55 AM
The only way to find the facts about VTGDF is to read the SEC 10Qs for Vantage Drilling Company. They show the assets that VTGDF have. Everything else is just feelings or gut feelings.
The facts are VTGDF have $79M in guaranteed assets, in those assets there is 13.1% of ownership of Vantage Drilling International, but the sales of Vantage Drilling International do not effect the 13.1% that is guaranteed $62M in equity assets. And the rest of the capital is $17M in cash. The kicker is the equity assets in the company will be earning interest after 2020.
I hope that paints a clearer picture for you, there is a lot of skepticism and traders that lost money and have an axe to grind. BTW there is a Market Maker selling off at the beginning of each trading session trying to suppress the price.
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