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Ann: Graham Engineering Acquisition Update, page-7

  1. 202 Posts.
    lightbulb Created with Sketch. 79
    How are they going to keep the business going when their trade payables are $2.5m and cash and trade receivables are $1.7m. Unless they can raise or borrow money they are essentially bankrupt.

    Salaries in the last year were $4.5m alone and revenue was only $3.1m.



 
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