Hi Gravity Waves. Great to see you are still on the ball, ADG/Cosmo don't have (never have had) any income so my original question is still valid, are they trading as insolvent. Technically they may not be right at this minute but with the $500k hanging over them they must be heading that way and should be stopped before they cross the line.
That's of course without the debt of $1.4m that Cosmo owes ADG how are they going to pay that.
Regarding the insolvency issue, I am very concerned and no doubt I will be raising this with the ASX and ASIC.
Regards Michael J Foley
What say you GW
Is Cosmo Gold trading while insolvent, page-25
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Change
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Mkt cap ! $4.471M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $23 | 5.849K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 24920857 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 7253101 | 10 |
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