On Tuesday 23rd June another institutional investor disappointed...

On Tuesday 23rd June another institutional investor disappointed the "saveventracor group". VCRSVG had been promised that funds were transferred to Ferrier Hodgson's account but it had not arrived by 3:30PM and Steve Sherman began to liquidate the company.

 

SS has sent out a list of assets for sale to organisations around the globe and yesterday he terminated all employees except for a skeleton crew.

 

At this stage the company has "ceased trading" but has not yet been officially "liquidated". This is an important distinction because we can resume trading but we cannot undo the liquidation as easily.

 

The Ventracor Shareholders Group is exploring options but Ferrier Hodgson and their lawyers, Clayton Utz, continue to frustrate efforts