On Tuesday 23rd June another institutional investor disappointed us. We had been promised that funds were transferred to Ferrier Hodsgon's account but it had not arrived by 3:30PM and Steve Sherman began to liquidate the company.
He has sent out a list of assets for sale to organisations around the globe and yesterday he terminated all employees except for a skeleton crew.
At this stage the company has "ceased trading" but has not yet been officially "liquidated". This is an important distinction because we can resume trading but we cannot undo the liquidation as easily.
The Ventracor Shareholders Group is exploring options but Ferrier Hodgson and their lawyers, Clayton Utz, continue to frustrate our efforts.
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Wednesday, June 24, 2009
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The comments on the blog may be monitored, and the Ventracor Shareholder's Group reserves the right not to post or remove or moderate any comments which in its opinionare unlawful, threatening, defamatory, offensive, or obscene.
This "blog" has links to information on other web sites. The opinions expressed in these linked articles are those of the relevant authors.
This "blog" allows anyone from the public to post comments. Any views expressed in these comments are those of the relevant author.
The Ventracor Shareholders Group does not endorse the views or opinions expressed in the linked articles or comments.
The Ventracor Shareholder's Group does not accept any responsibility for any injury, loss or damage incurred by use of or reliance on the information.Anyone who wishes to have a comment or link removed from the website should email contact@saveventracor.com immediately.