re: receivership It continually amazes me as peoples inability to read up on a companies recent announcements before posting "a" question, especially one of this magnitude.
I agree with the comments already made in that whislt the company is behind schedule (yes we have heard this for the past couple of months) they have stock on hand, debtors, unused lending facilities etc.
To go into receivership you have to be insolvent. Whilst they are currently cash flow negative as per the March qtrly the have many viable options avaiable to them which enables them to pay the "bills".
Like a number of people on this forum I am a LT holder (holding many truck loads) and supporter. Yes, the share price performance of the past couple of months disappoints me, though I feel this is not a true reflection on the current and future prospects of this company.
Cheers
TAB1
receivership??, page-6
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