Quote Originally Posted by Ninian1962 View Post
There have been substantial debt to equity conversions in recent years but very difficult to do so in 2020 as the club needed loan cash in to fund its operations. The same will undoubtedly be the case for financial year 20/21 due to Covid so I don`t anticipate further conversions or debt write offs until at least 2022. However I do regard this as a deferral of the intention to convert rather than an abandonment.
I think VT's businesses in Malaysia will have to recover before there can be any further debt to equity conversions. The "deferral" is likely to be for several years and who can blame VT for that?