GUL 0.00% 7.0¢ gullewa limited

How r we valued at $4.2 million, page-7

  1. 62 Posts.
    ragingboom I don't think you are correct. GUL does not have $5.3M cash but the consolidated entity does which includes AHQ. GUL has to report consolidated as it owns more than 50%. remember AHQ has cash of $3M however has a loan to GUL for the same amount. i suspect AHQ needs to raise money and GUL recently extended the loan with AHQ as they couldn't pay it back without going bankrupt.
 
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