Ann: Preliminary Final Report to 30 June 2018, page-31

Lol, Insolvency doesn’t increase, you are either insolvent or not. Just like you can’t be half pregnant. Once again it’s a federal offence to trade insolvent which carries penalties for company directors. Annual financial statements require 3rd party auditing. So these insolvency comments are suggesting the Company and its auditors are signing off company financials that demonstrate insolvency. So put simply, yes your assumptions are incorrect and you and your other non holding friend are only demonstrating a lack of financial literacy.