insolvent I'll just summarise for everyone in a nutshell whats in their annual report
Current assets $1.3million
P+E $11,371
Total Payables $1.5m
IBL $200k
Net assets ($373k)
Whatever accounting ratio you decide to use, they are screwed.
They have more CURRENT liabilities than assets put together.
I suggest everyone looks at the financials before whether deciding to invest.
As I see it, they are trading whilst insolvent.
Very very dangerous
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