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how can they have traded insolvent ? Fundamentally the test for...

  1. sid10
    392 Posts.
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    03/05/19
    14:26
    Post #: 38397557
    how can they have traded insolvent ? Fundamentally the test for directors is if there is reasonable belief that funds will be available (eg agreements etc in place) to meet their obligations, that will cover any scrutiny.
    Given they had a binding agreement in place & then this would be reasonable belied !
    MYQ Price at posting: 26.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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