It is beyond belief how this debacle occurred so quickly. I...

It is beyond belief how this debacle occurred so quickly. I thought all stars were aligned for this to take off when Bergen put the funds in.

It is also unbelievable that Joe never sold any of his shares as well ( a whopping 238M of them ), which makes me think that even he was caught up in the storm…

I was going through the details and I still keep some hope considering that :

Bergen has $2M in this. If this goes down, their money goes in the drain too. I saw their loan is secured, but secured against what. The only advantage of a secured loan is they get priority over share holders in VA. But with no assets, they would not have much to claim anyway.

The main share holders are –
LINDFIELD NOM SVCS PL 376,410,270 = 32.86 %
UST-GLOBAL PRIVATE LTD 117,639,938 = 10.27 %
They seems to have bought at $0.02 per share so this investment is worth about $10M. As far as I can see they too have not sold them.

In short, there are far bigger stake holders involved in this than us petty holders ( though including mine most of our petty could be all that we have ).

I hope all these BIG parties can work out something to salvage the ship.