FFX 0.00% 20.0¢ firefinch limited

Ann: Request for continuation of Voluntary Suspension, page-26

  1. 3,757 Posts.
    lightbulb Created with Sketch. 469
    which one is worse, or larger?

    capex required or creditor amounts

    that is, future capex required to get to profitability
    or
    existing amounts owed to creditors

    I'd suggest creditor balance is larger, that is, past transactions that have given rise to obligations, transactions that were approved by the scum doctors and the likes of fraser the eraser.

    of course, future capex includes any Capex requirements arisen in the past but not yet fulfilled e.g. deferred capex, lack of maintenance etc.

    it can be calculated:
    the 6c raise amount proposed
    less the existing creditor balance
    is the Capex amount plus working capital

    working capital of course is code for directors fees.
 
watchlist Created with Sketch. Add FFX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.