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Precisely wrong Graham and Mark P.The hybrid is a form of...

  1. Rambo23
    392 Posts.
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    24/07/13
    09:20
    Post #: 12102587
    Precisely wrong Graham and Mark P.

    The hybrid is a form of equity, not debt as you continually refer to it - check where it sits on the balance sheet if you need clarification. As even you point out distributions are totally discretionary.

    Your definition of insolvency is correct - but as no debt as been raised by failing to pay the distribution, then the company isn't insolvent.

    PXUPA only
    SRS Price at posting: 4.9¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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