This is exactly the sort of nonsense excuse one expects from serial head faker Herzog. The company claimed to have $179.5 million at Sept 17th, not mere $88 million equal to the after tax profit. If any of the cash was real, they would be plenty to pay $1 mm for the VSTA shares. Herzog and SP each would have been paid $40 million "commission" so would be plenty liquid to advance cash -- but it's all lies.
On the other hand, if Herzog "knew" all the cash was tied up in escrow, why would he sign binding contract to make cash investment ... in two weeks, and then default twice? Answer - he's a sociopath and the Vancouver gang will never admit the truth (cause that would stop the cash machine).
Also, the $88 million was earned before the $500 million of supposed cash-backed securities -- the gang can't even keep the stories straight.
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