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A Fake Acquisition to Prop up a Conman's Crumbling Empire
Introduction
VVPR is a worthless shell with no revenue or meaningful assets. The company recently announced deals with eye-watering dollar amounts in a desperate attempt to prop up their share price and management’s investment company, AWN, which holds $30m of worthless loans to VVPR, representing the bulk of the investment company’s assets.
Key Findings
VVPR is a worthless shell with no revenue or meaningful assets. This is evident in the FY2024 financials: