Thank you, Birdseye, I have contributed too (3-figure sum) and I will most likely continue to do so now that legal action is on the table. SV mentioned that individual contributions of less than $50 from all SH registered with SV will ensure that legal action can be funded.
The subsidiaries owe the parent company tens of millions of dollars (remember the 'impaired loans' from VCR 2008 financial report?). These subsidiaries are 100% owned by VCR Pty Ltd and calling in the loans now would have meant liquidation for them and their parent company.
One of the latest posts on the SV blogsite before comments were disabled mentioned something like "money has been put aside" to ensure currently implanted patients are supported. If this is true, it is fair to assume that this is funding set aside from the loans made to the subsidiaries. This would pay for the nurses working for VCR assisting hospitals with the implants and post-implant patient support - a quick search in LinkedIn shows that they haven't been sacked by the VA/Siqro so far.
And yes, I believe too that Australian shareholders who have put over $200 million into this company so far should enjoy a continued ownership and see a return on investment now that the device has marketing approvals in the EU and Australia and it is so close to gaining marketing approval in the US as well. I hope this helps :)
VCR
ventracor limited
Thank you, Birdseye, I have contributed too (3-figure sum) and I...
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