http://e24.no/naeringsliv/dundrende-underskudd-for-vollvik/22585181 Pumping losses for Vollvik Idar Vollvik went on an exchange enough bang last year. His investment company threatened now bankrupt. Thomas Solberg Published: 10/17/2013 1:58 p.m. , Updated: 10/17/2013 3:10 p.m. Over one month after the deadline expired, the serial entrepreneur Idar Vollvik now delivered the annual accounts of the company Vollvik Invest. Large losses on shares and call options, high interest costs and huge foreign exchange has led to blood red numbers. Vollvik lost a total of 33.6 million dollars on investments he has made through the company. The company has little revenue to show for it, and thus ends the deficit of 33.4 million in 2012. The result was first discussed by the Finance newspaper. E24 BUSINESS: Check the numbers to Vollvik Invest For the 94 million The figures are probably a hard blow to the bow for Vollvik company. The company, which was built on the proceeds Vollvik got when he sold mobile operator Chess, lost more than 630 million in 2007 and 2008. In the years since, it has not been particularly good, but the losses have been smaller. In 2010 the company lost close to 18 million, and in 2011 the company reported a loss of nearly 12 million. Last year's deficit causes the company's debt increases - again. Vollvik Invest now has a total debt of NOK 96.6 million. The company only 2.4 million in assets. Vollvik writes in the annual report that "the company's share capital is lost and tight liquidity." - Will continue operations Vollvik delivered the statement one month after the deadline, which noted the statement by the auditor Bjørn Erik Flakne the auditor Partner. The auditor asks also whether the company can continue operating without "significant improvement, or new capital." Vollvik writes that "future operations will be affected by the company's difficult financial situation" and that continued operation is dependent on "good and close dialogue with its creditors." E24 has been in contact with Vollvik, currently traveling, by e-mail. When asked if he could drive the company forward, he says: "By virtue of the fact that we have ongoing dialogue with creditors, I certainly reason to continue operations," Filed for bankruptcy In the statement writes Vollvik that hovedkreditoren company has filed bankruptcy Idar Vollvik have filed for bankruptcy several times, but each time managed to come to an arrangement with creditors. Last time it was Ventelo who desired mobile operator Ludo bankruptcy and also the time managed companies to enter into an agreement . - Has built billion company before Vollvik writing to E24 that he is optimistic about the future, at least when it comes to company Ludo: "Ludo is now delivering a decent profit in the fourth quarter, and with us as any other it is the case that," it rains on the priest, dropping it on the sexton. " I have built a billion company before and is about to do it again! I have one of the largest commercial Facebook pages, 300,000 people in the Nordic countries have purchased something from Ludo, "he writes.
Recall he was man of the bi-month in April/May 2007 when he earned an estimated $75 to $100 million in 2006.