I keep trying to work out what else is in play here. Major creditors could have forced VA months ago but they are allowing it to keep burning cash meaning they will get back less in the end. If it remains a going concern it’s also potentially liable for a litany of legal claims. If the company had been able to prove its worth as a going concern then a deal should have been struck by now. If new clients had been in the market for sandalwood and oil then they would have been able to strike some good deals by now. The company is in no position to hold out on its creditors for a better deal. So the whole thing makes no sense to me.
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