Mr Griffen,
Yes I pointed that out earlier. Once you collected all of your receivables ( assuming zero bad debt), you could pay all of the payables.
However at the same time you would have needed cash for salaries, interest, fees, light, power etc. So you would not have had all of the $201m in cash left to help pay out the creditors.
You cant run such a business with zero cash.
- Forums
- ASX - By Stock
- CNP
- 2nd centro article in this weekends afr...
2nd centro article in this weekends afr..., page-12
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CNP (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online