Timing of the year is irreverent when you run out of money. They were already borrowing money they didn't have just to keep the lights on. Seriously anyone who thinks that this could turn out alright is delusional like Tian. This company is gone, obviously the ITO has determined they owe them a substantial amount of money that the company has no way of repaying. There's just no other option that it could possibly be. Now remember at end or Q3 they had 178kish in the bank, and we all know they wouldn't have been EBITDA positive in Q4, so if they even owe just 300k the company is absolutely ruined and that number is the lower end of the scale.
- Forums
- ASX - By Stock
- Ann: Trading Halt
Timing of the year is irreverent when you run out of money. They...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RAN (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.635M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
RAN (ASX) Chart |
Day chart unavailable
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online