"$94 k left in the bank on 31 December means SFA left in the bank right now. Are they trading while insolvent?"
If Admin. costs are on par with the latest Qtr. they would have run out of cash on 26/1/2013
91.25 being the average number of days in a Qtr.
$330,000 / 91.25 = $3,616 per day.
$94,000 / $3,616 = 25.99 days of cash left.
Anyone that lives in S.A. should go to the office in person, as it appears they're too ignorant to answer e-mails.
Best Regards
99
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