Post by
pennyflipping on Oct 17, 2023 8:04pm
Voxtur has no assets to sell
I think the bagholders will be shocked when no asset sales materialize. That's because voxtur has NO ASSETS to sell. This is going to ZERO!
Comment by
Contrarian333 on Oct 18, 2023 9:10am
In fact they do have an asset to sell. That asset sale should reduce debt from about $43m to $21m. The balance could be taken care of by 1. selling a partnership interest in one of the other higher margin businesses or an alternative interest only financing secured by IP. Let's see how things progress or not through the end of the month and into November.
Comment by
pennyflipping on Oct 22, 2023 9:44pm
Sure, they have lots to sell. Just no buyers at the prices they need. Your back of the napkin math is wayyyyyy off. Voxtur will likely be insolvent in a few months.
Comment by
Contrarian333 on Oct 23, 2023 7:39am
maybe - we'll see shortly..........
Comment by
pennyflipping on Oct 27, 2023 11:37am
Would you ever buy a house or car that could have a lean on it? Would you buy possible stolen goods off some guy selling stuff on the street? Voxtur is such a pathetic mess that no one could do proper dd to buy assets.
Comment by
Contrarian333 on Oct 27, 2023 4:35pm
maybe........we'll see.........shortly