Shareholders letter

[Madlock]

Steve Borley has replied on Twitter to say it’s debt to equity related to FFP:
https://twitter.com/stevecmb/status/...070909954?s=21

[Ninian1962]

Steve Borley has replied on Twitter to say it’s debt to equity related to FFP:
https://twitter.com/stevecmb/status/...070909954?s=21

#Steve`s response is really strange because converting debt to equity has no impact on Profitability and Sustainability (FFP) compliance. It is a balance sheet adjustment which improves that balance sheet but has no effect on the profit and loss account which is what FFP is all about.

Despite the above misunderstanding , a debt to equity conversion should be very much welcomed as it is a return to the steps promised by VT to convert all his debt to equity which has been delayed by the impact of Covid over the last coupke of years.