At costs of $600 an hour for accountants to look at and administer the company it wont take long for them to chew through the money.
Take it from me, I have been through and successfully traded out of administration. However the 30 hours or so of actual work performed by the administrators cost me almost $130k. It very nearly sank me.
To make matters worse the administrators Cran and Co of Greensborough forced me to pay one of their imaginative invoices twice; once inside of the administration and again after administration to release the comapny back into my hands. The exact same invoice appeared twice without explanantion or a requirement to expain how this was procured. It was only a measly $12k and I took it up with the Association of Chartered Accoutnants who told me that it must have been a typo or an honest mistake and they could do nothing. What a boys group that is. 14 years later I still remember the extortion I had to endure vividly.
Sorry but TMR will never trade out of this. 95% chance of going all the way to liquidation.
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $4.123M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $256 | 64K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 2273526 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 5715156 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 2273526 | 0.004 |
17 | 11576666 | 0.003 |
10 | 16225101 | 0.002 |
9 | 37300102 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 5715156 | 8 |
0.006 | 4220066 | 9 |
0.007 | 3478571 | 5 |
0.008 | 1000000 | 1 |
0.009 | 511140 | 1 |
Last trade - 10.08am 12/07/2024 (20 minute delay) ? |
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