Good point PulpCutter. Quebec structured like that. Nevada too. In going concern disclosures of Vango financials, company state that if they are unable to successfully complete the $7.5mm convertable bond offering, there is substantial doubt they can continue as going concern for next 12 months. Also as of 31Dec21 Vango got $2.3mm of current liabilities, that have to be paid out of cash. VAN lost 10 cents a share over 6 month period with common trading for 3.4cents at time of trading halt.
VAN Price at posting:
3.4¢ Sentiment: None Disclosure: Not Held
