VANTIS (AIM:VTS): Are the administrators close to falling into administration themselves?
Alternative courses of action include progressing negotiations with potential investors as well as entering into preliminary discussions with its debt providers regarding a potential restructuring of the Company’s balance sheet to reduce the level of debt outstanding to a more suitable level.
Unfortunately negotiations with both investors and the Company’s banks are at an early stage which, given that net debt at the interim stage (31st October 2009), excluding finance leases & loan stock, amounted…
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