Exactly. It was an act of desperation on there part.
Assume outstanding liabilities.
Assume transition liabilities (Severance etc)
All of this to acquire a company that is no where near profitable themselves
Given VCMP can only get loans from preferred shareholders at near loan shark rates, it does not take a mathematician to figure out the common shareholder is about to get his ass screwed so tight to the wall to that they will never escape with there skin.
And they did this with exactly 10 trading days left before the 26th....Where did I read that?