re: reject at the meeting a company goes under when
1) expenses > revenues (can be a result of debt, but doesn't have to be)
AND
2) it runs out of money
MIS is in category 1 at the moment, and if it cant raise the funds it runs out of money and hence it will go under.The funds NEED TO BE RAISED to enable the start of shipping of iron ore.
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midwest corporation limited
any ideas about this trading halt?, page-16
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