vre in voluntary liquidation, page-10

I cannot see why View would go into administration if the sale of CH was to proceed. They would be cashed up, and free of debt.

When Mincor announced the purchase - they said there were a number of "Conditions Precedent" to the purchase proceeding. It seems to me that these have failed.

An alternate reading might have View initiating action to back out of the sale (because CH is or will be cashflow positive), but not being able to find another source of finance for their current shortfall. Admittedly, this scenario makes View management seem pretty stupid.

It is possible that View auditors have failed them on the "going concern" test, which I saw on another company a couple of years back. This could force Voluntary administration.

I would be happy to consider any other thoughts or opinions.