MIS midwest corporation limited

any ideas about this trading halt?, page-16

  1. jhui
    241 Posts.
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    18/03/05
    10:51
    Post #: 836354
    re: reject at the meeting a company goes under when

    1) expenses > revenues (can be a result of debt, but doesn't have to be)
    AND
    2) it runs out of money

    MIS is in category 1 at the moment, and if it cant raise the funds it runs out of money and hence it will go under.The funds NEED TO BE RAISED to enable the start of shipping of iron ore.
    MIS Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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