SSN samson oil & gas limited

If it does and I'm able to exit I will take the...

  1. 11,263 Posts.
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    If it does and I'm able to exit I will take the opportunity.


    Their AR appears to say "insolvent" without using that word.

    Negative shareholder equity. ($1.756M),

    Current Assets ($32.874M) - Current Liabilities = negative $3.5M


    Outside of the asset sale, trade payables has ballooned up by around $4M.


    The company is totally reliant on MOB not taking the property away and selling it an amount equal to what they are owed.


    Would explain why it is not trading IMO.



 
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