The lesson from this is that the CVA regime in the UK is open to massive abuse and that the combination of being an Overseas ADR company with a pink sheet listing (=zero regulation/supervision) but operating in the UK, under the effective control of a toxic finance outfit means that no one from shareholders through staff and on to creditors and customers has any protection whatsoever and therefore no one with a functioning braincell should have anything to do with them - even the California State government has lost out through massive non payment of taxes by Button.

IMHO, if everyone walked away from any dealings in companies where toxic financing is involved based on what happened here, then Yorkville would not have a business left because on one would want their money at any price.

What went on here is all the evidence needed IMHO to end CVAs in the UK, to regulate SEDA schemes, Reg S placements and preference shareholdings to the hilt and make directors personally culpable for not disclosing information.

THIS STORY NEEDS TELLING!