Vertical scope If vertical scope bites the dust Torstar becomes liable for all the debt. Their partners do not have any personal wealth so they can't pony up anything. Finally we are getting more disclosure here. In q3 vertical scope is showing total debt of $151 million. I suspect this will be the driver to bankruptcy. Rob laidlaw the 44 percent owner is broke.
I believe this is why the stock trades at 50 cents. Is vertical scope really a going concern?? The business does not look sustainable.
Total vertical scope debt of $151 million now exceeds Torstar equity of $120 million which is not good.