AZZ had $1,389,000 cash as at 31 December 2015
AZZ paid $1,197,000 on 29 January 2015
Which means AZZ has $192,000 cash as of now assuming no expenses between 31 December and today
Given we in fact know that it spends $1,445,000 per quarter or $16,000 per day it should have spent about $480k meaning it is $200k over draft?
How is it still operating as a going concern?
Something is not adding up - why have we not been informed as to where it is getting the funding to continue to operate?
Unless it had an accounts receivable payment that it received, I am baffled as to how it is operating?
Surely if they had sold one of the assets they should have disclosed this to us?
Add to My Watchlist
What is My Watchlist?