QIN quintis ltd
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Liabilities exceed assets - so what, page-3

  1. hottuna
    3,053 Posts.
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    17/06/17
    13:43
    Post #: 25333392
    And right there you have exposed your utter lack of financial literacy.

    If a bank lends 80% on a $1m house, then the asset is $1m, the liability is $800k and the equity $200k. Assets are > liabilities.

    This is really basic stuff, how could you not know that?
    QIN Price at posting: 29.5¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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