VVPR is a worthless shell with no revenue or meaningful assets. This is evident in the FY2024 financials:

• revenue from continuing operations: $16,000
• trade receivables: $0
• operating loss: $8.5m
• net loss: $47m
• tangible assets:
  • cash: $199,000
  • PPE: $439,000
• current liabilities: $54m

VVPR has liquidated its assets leaving the company with $30m in debt to a related party and nothing of value.

• VVPR CEO Kevin Chin is also the CEO of Arowana International Limited (AWN), an investment company he founded.
• AWN holds $29.1 in loans to VVPR, representing the bulk of AWN’s assets.
• AWN’s most recent financials show the VVPR loans held at full value, despite VVPR being a money-losing shell with no revenue or meaningful assets.
• To further prop up AWN, VVPR has continually paid refinancing fees to AWN.
• When VVPR fails, AWN will collapse with it.

To perpetuate his scam, Kevin Chin has announced a series of fake business deals with big dollar amounts, the latest being a $180m non-binding acquisition offer from Energi Holdings Ltd.