egm get your questions in quickly, page-18

If there are no insurances then the directors are trading CVI into insolvency (via topping up in Fortitude and continually raising money for opex).

Personally i see a big degree of negligent (i won't say criminal) behaviour by management in CVI in relation to its dealings with Fortitude.

If there are no insurances about the Fortitude funding (in relation to the assets CVI transferred them) to protect CVI shareholders, then management have no right to keep buying Fortitude and it is negligent behaviour from a governance point of view imo.

Cheers,
The Sparkler