This morning (June 3) the administrators held a meeting with employees. No representative from the Ventracor Shareholders Group was present (as you would expect) but we have been able to piece together some information from loyal employees...
1. SOME OR ALL OF THE SIQRO / ORQIS BRIDGING FINANCE HAS NOT ARRIVED.
2. THE COMPANY'S CASH RESOURCES ARE VERY LOW AND THEY ONLY HAVE FUNDS FOR A FEW MORE DAYS.
3. THE BRIDGING FINANCE IS UNSECURED AND THESE COMMERCIAL TERMS MAY BE PREVENTING CLOSURE OF THE DEAL.
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Tuesday, June 2, 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.