1MC 20.0% 0.3¢ morella corporation limited

Ann: PLS: Conditional Agreement to Acq. Altura Lithium Operations, page-491

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    Accounts payable as at 31st Dec (the last available) was $34.5m

    Highly unlikely to have improved much considering their COH at the last 2 quarterlies.

    There could be a helluva lot of unsecured creditors.

    There will be nothing left for share holders.

    In fact being a limited company in many ways SH are lucky as they are not liable for these debts.


 
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