it's illegal to run a company whilst insolvent, so hope they have enough liquidity, we'll know this quarter for sure. Maybe it's the Thais objective?
We won't make it to December for TAFTA.
"If dishonesty is found to be a factor in insolvent trading, a director may also be subject to criminal charges (which can lead to a fine of up to 2,000 penalty units or imprisonment for up to five years, or both). Being found guilty of the criminal offence of insolvent trading will also lead to a director’s disqualification.
ASIC has successfully prosecuted directors for allowing companies to incur debts when the company is insolvent – and has sought orders making directors personally liable for company debts."
https://asic.gov.au/regulatory-resources/insolvency/insolvency-for-directors/#:~:text=Being%20found%20guilty%20of%20the,personally%20liable%20for%20company%20debts.
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