In the event that a UK is knowingly continuing to trade when it is technically insolvent, it is my understanding that the directors can then held to be personally responsible and liable to investigation and action by through the UK courts. All potentially very serious for those involved and not a good sign for investors, both existing and prospective. Whilst the management of Valcent Inc in Canada may be distant from events in the UK, they must definitley be held to account for their actions given that Valcent Products (EU) Limited is apparently 100% owned by Valcent Inc.
And where does this situation leave the "major UK food processor" who has apparently committed funding to Valcent Products (EU) Limited for a system? Are they even aware of the situation of Valcent in the UK?
All in all, a sad state of affairs for Valcent and their investors given all of the hopes and aspirations presented since Fane and Co took over the helm. As others have said, so many questions and so few answers! We deserve better.
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