"Regarding the state of the Company’s finances, including fundraising and liabilities, we have been communicating with its creditors (primarily note holders and vendors) in an effort to renegotiate debts, extend deadlines, and stave off possible legal action in order to give us the breathing room needed to restart the company"
This means that there is possible legal actions that could be taken against VGTL as of right now. Forgive me for using the wrong word, they both start with P. Furthermore, they have to clear it all up before they can "restart the company" as it clearly states.
So, as it reads, they have to renegotiate debts which may not be successful, extend deadlines which again, is not guaranteed,and stave off possible lawsuits, which they may currently be expecting. We don't know the terms they agreed to and may already be in violation of.
I dont care how many times you've read it. If you didn't derive that Vgtl cannot continue to operate under current terms, and must get extensions not to default then you good sir are smoking drugs.
Either way, even if they are successful they are restarting the company. Per the CEO's own admission.
Keep name calling and acting childish. Unacceptable by the TOS btw.
KEEP CHUGGING THE KOOL AID HAHA HAHA
