Seriously, the public disclosure stuff is all we have to go on. If you want to start throwing around "what if" and "yeah but they lie"s then you're off in lala land. Spyker was obviously making money as they came up with $400mm to buy Saab. That they then had trouble due to a money crunch is neither a surprise nor an indicator that they weren't making money. They made a bad bet on a new (to them) market - doesn't mean their old market wasn't lucrative. Quite the contrary, that indicates it was making them feel confident enough to blow a ton of money on a long shot.
Spend $400mm then find yourself in need of $36mm? I'd say that means you were playing with serious money!
