Ann: Half Year Accounts, page-2

So they owe more $11 million in current liabilities and have less than that available to them in cash and debt facilities with little revenue.

That's as close to insolvent as you can get in my opinion



No wonder finances are bad when they are gifting people like Nadya approx $6m in shares and cash for a research business that in less than 2 yrs later they are having to write off as a total loss as it's worthless. Meanwhile Nadya continues to bleed MXC for a salary and bonus shares. Boy oh boy, what a wonderful set up for some Of course the Zam Software deal will be different though lol