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  "documentTitle": "Vivion Investments S.à.r.l.",
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  "authorName": "Carson Block",
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  "notes": "The text highlights potential financial irregularities, specifically large receivables and lack of cash flow, suggesting revenue padding.",
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      "text": "It seems possible that as of 2018 at least, rent24 had been booking significant revenue without cash receipts – if that is a correct interpretation, seemingly the lack of cash flow would eventually become Vivion’s lack of cash flow.",
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      "text": "The most recent financials of rent24's parent give rise to concerns about rent24's cash flow. ... the size of rent24's FY 2018 receivables seems unusually large to us at €17.3 million.",
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      "text": "The German corporate registry shows that r24 Holding GmbH (formerly Rent24 GmbH) was established in November 2015. r24 Holding's shares are 30% held by Bukvic Media GmbH... and 70% held by Drastemo Ltd., a Cyprus company...",
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      "text": "We have questions about the financial arrangements between Vivion and rent24. Specifically, we are curious about the amount of revenue booked from rent24 and the amount of cash collections from rent24.",
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      "text": "23 Our review of over forty Amir Dayan's Vivion and Golden Capital Partner Cyprus company documents found the nearly all were set up by KKPLAW...",
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