BFC 0.00% 0.3¢ beston global food company limited

One to ponder, page-12

  1. 11,248 Posts.
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    Looking at the balance sheet,and the huge dumping at 0.005 and 0.006, it appears this could easily go into a TH and possibly enter Voluntary Administration ?

    Anyone else feel this is a possibility, because with the debt this group has, it does look a possibility ?.
    Am i missing something, seems huge risk here.

    If the above were to happen, i'm pretty sure the group could find a buyer and continue to trade, but current shareholders would be wiped out, is this a possible reason for the sharp sell off earlier today, of course you will get punters come in ,is what we saw but large holders always seem to know what's around the corner ?

    My post is thinking out loud and i have no idea, just from looking at the balance sheet and the very small cash position vs the big debt ?

    thoughts please ?
 
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