Viratech Corp. (VIRA)

[undervalue]

Very simple: SIIR LLC is directly owned 79.5% by private investors, and 20.5% by Imperia.
SIIR LLC owes approx. 3m to Imperia (1.9m + plus interest)!
And Imperia as company owes approx. 1m to Ken and others (often converted to company stock if it has no money).
No common shares can be issued until Feb. 2013.

So, if revenues come in for SIIR LLC. Will be distributed like this:
1. Before direct interest is paid out loans must be paid. So Imperia gets money first.
2. Then before IMPN shareholders get money loans of Imperia are paid.
3. Then further revenues are paid according to the percentage fraction of direct interests in the film.

Even if Ken gets further direct interest from us we "catch" at least 2mUSD, if Imperia has revenues of more than 3m!

All stated in the REG-D-505 warrant offering from Feb 2008.
I know that the company sold shares in the offering. It was not cancelled!