More helpful will be the relevant accounting standards and Corporations Act.
If they can't pay bills and continue to trade, they are trading whilst insolvent and the BOD go to jail. This is pretty damn black and white. If they have an agreement to receive cash in return for equity, what would the balance sheet entry be a month prior to the actual transaction?
Surely someone has a half-decent accountant in the family. Dr firm offer; Cr Sshhhhhhh?
Time to get with the program, son.
NRZ Price at posting:
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