RE:RE:RE:What is truly amazing is how this pad is designedThe reasons as to why the HLP failed will be answered once the investigation is completed which won't be soon, although I think this MB has determined what a number of the causes will likely be part of the conclusion.
The immediate concern for shareholders, is the survival of VG.
The slide occurred on 24 June and on 30 June VG defaulted on 8 million payment of the loan.
This tells me that VG knew immediately after the slide that they knew they were in financial trouble and took action to preserve cash.
If they don't come up with financial backing ASAP it seems that bankruptcy proceedings are going to be their only option, which is why they disclosed their financial position in the last NR. JMO