Stoz, I have been looking closely at why View went into administration and it just doesnt make sense. They only had a small amount of debt but it must have been cashflow problems that caused them to go under. It seemed to me though that the board of View just took the easy way out and never tried to re-negotiate the debt until other assets were sold such as the asset the Mincor were going to buy. I also cannot believe that right up until the last few days they were still giving positive announcements. Not one shareholder would have seen administration coming in my view.
VRE Price at posting:
$2.60 Sentiment: None Disclosure: Not Held