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Re: l_winthorpe post# 1204

Monday, 10/30/2017 3:14:38 PM

Monday, October 30, 2017 3:14:38 PM

Post# of 2596
That is receivables and as far as debt goes, all debt and assets were signed over to the parent company in the beginning of the restructuring process.

VDC is in Liquidation but was rewarded a Strike off, in order to get a Strike off VDC cannot hold any debt or assets. The unique aspect of the Strike Off is they can re-register after they are stricken from the register.

The current assets are in the VDC note. Also in the SEC filings for VDI they have $17M receivables to be paid to VDC, however they are still in the Liquidation process and cannot operate as a company to receive them.