lives or dies? vcr threatens finally

This company in the danger, rather goes bankrupt, does not want the board of directors collective to reduce salaries.

"D. If the Company doesn~{!/~}t raise all it needs in the SPP and the Placement, what happens then?
.....
If that happens it is expected that the Board will immediately start a formal process to sell the
company.
.....
The Board will monitor the Company~{!/~}s cash position very carefully, and if there is any risk that the Company might be about to trade while insolvent, the Board will have no choice but to put the Company into voluntary administration.

Sale of the Company or voluntary administration are very serious but real consequences if
the SPP and Placement do not raise the funding "