Generally fully agree Zog. Certainly anything that avoids paying CD another $, unless that can be recovered via a legal action around disclosure obligation failures. The only downside is that VXL have a massive tax offset via their total losses that would be written off by liquidation so there may be some advantages to keeping it afloat. All we can hope for is that SER are on the ball and ensure they make the very most of a bad situation. Whatever is good for SER is likely to be good for VXL holders. Certainly the current CR is terrible for SER as they can't afford it, but will lose almost all their ownership if they don't participate in the CR, due to dilution.
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