Going, going.......gone

Heard on the business grapevine that CLZ owes $28k in back rent and have been locked out of their offices in Landsdale. Of the second $500k payment from Accelerated for Doherty's I wonder where all the cash has gone, because it's all gone. What an absolute disgrace.

Now I'm no expert, but I didn't think a company could trade if they had no income and only debt. Isn't that being insolvent?

Days, hours, maybe minutes away from final death.