There is a viable business and they will pull through no problems at all. For starters if it sinks so does Grech & Fowlie's careers as lawyers ie: struck off (if put in admin - liquidation). As for the other directors they would be in some trouble too......I imagine that ASIC would take a dim view of the recent increases in directors fees if it was later found that the co. was cash strapped. So all good.....no dramas cash is on the way.
SGH Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held