RE:April 30thVMC
The December 31 financial statements indicate
the debt on the discontinued operations as
very close to $10 m not $7 m so selling the VMC
for the written down amount gets us out from
under the cost of keeping it maintained and paying
the cost of carry. But anything less than 10 m
will cost us some cash as there will be a selling
commission and a legal bill as well to deduct from
the proceeds.
HT