Progress Watch in excessive dept

In excessive dept, Progress Watch must stabilize its financial situation, else the future of the Bienne company will be uncertain.
The board has decided to call an extraordinary assembly meeting and examine its liquid assets after having discovered “unclear operations” amids its accounts. With regard to this, Progress Watch indicates that it has consented to loans from parent company Progress Watch Corp., located in the State of Nevada, sole shareholder of the Bienne company.
Progress Watch must find a solution before the Assembly is held, as it must then present sound guaranties of liquid assets.