Wrong. The directors have a duty not to trade insolvent, ie once they can not meet liabilities as they fall due. As of 5 weeks ago they had $17m in the bank, they could meet their immediate liabilities. It in no way means the equity is worth anything.
- Forums
- ASX - By Stock
- Ann: Extension of Voluntary Suspension
Wrong. The directors have a duty not to trade insolvent, ie once...
-
- There are more pages in this discussion • 136 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add QIN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, CEO
James Graham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online