Beware of creditors, who can file for payment => potential administration.
Highlighted saying, we had less cash outflows, because we didnt pay all our creditors.? How much was this ?
These will need to be paid from the CR, or worst case, from the assets sold in administration.?
ie, they simply never had enough in the tin to pay them this Q?. Hence was the company was trading insolvent ?
They are doing a mad juggling act at present. Its only at the end, that they realize they need to panic over their cash burn.
I cant see anywhere what this level of creditors is ?
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- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-32
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