Surprising news from the Courts yesterday when Brewbot somehow convinced them that Brewbot is still a viable/salvageable company and negotiated a Company Voluntary Arrangement (CVA) versus the forced wind up order from the taxman.
For those of us in the USA, this would be similar to a Chapter 11 bankruptcy where the creditors agree to a restructuring and repayment plan to avoid liquidation of the business.
I will try to dig out further details, but cannot fathom what assets Brewbot still has that would give creditors any assurances that they will receive further returns.
The news article from Belfast Telegraph is here.
Cross posted to reddit also
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