WKT 0.00% 10.5¢ walkabout resources ltd

Flushed with cash., page-15

  1. R08
    7,841 Posts.
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    WKT is “Flushed with cash” ? Are you kidding….

    Ok - so I go into a bank and borrow $50k on a personal loan, to do whatever I want with, splash it around town….Am I cash rich or have I created a repayable debt ? The high flyer that is leveraged to the hilt and drives a top of the range Porsche…is he flush with cash ?

    In real terms - being flush with cash, implies a free hold, debt less cash position. Unemcumbered cash availability.

    So yes, your heading is factually and grandiosely misleading ! If you had raised $20m from shareholders - then WKT would be “flush with cash” !

    MASSIVE pumper….
    Last edited by R08: 09/11/23
 
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