They have a high interest debt, still growing rapidly, to Chimera. The loans were made when it was obvious that VXL was not going to be able to repay them. Chimera has aggressively positioned itself to be a major player in the future of the company, the future of VXL share holders is less clear.
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- Ann: December 2015 Quarterly Activities Report and Appendix 5B
Ann: December 2015 Quarterly Activities Report and Appendix 5B, page-12
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Currently unlisted public company.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
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