re: is skg technically insolvent? ##Firstly i hope their...

re: is skg technically insolvent? ##Firstly i hope their operating costs are NOT $771k per month?
Lie or mistake?##
LOL.......BQT had $1.7 million in costs, with Revenues of $416k who's in better shape !!

##Now...SKG do NOT have revenues of $1m per quarter.
You are suggesting they will in this quarter but last quarter they had revenues of $539k##
SKG have stated $30 million for Q4.....$29 million from Techno and $1m in customer receipts, refer Note 4 of the Q3 results.

##The $850 they have as you call an asset is actually a 18% loan.
But with the $850 k...they had at the end of the last quarter $1m in cash on hand.##
BQT raised $1.2 million on the 31st of January at a discount of 12% (stock closed at 25c on the 28th) over 5 million shares were issued in one hit with no escrow, now compare SKG $350k less and shares are to be issued over a 16 month period.....you have a hyde Bazzaroid !

##Their quarterly costs are around $800k....and not allowing for anything unusual.
So the end of this quarter they will have approxiamately.....$700k in cash###
That is wrong, but even so that is enough for them to survive, last months loss was $233k when you take away the AIM listing cost, they will be cashflow positive this quater, without the cash from Techno.

###But still owe.........$700 k to Cornell for the loan.
Plus interest!
Effectively SKG are insolvent as at the 30th of June.
Their debts are greater then their cash.###
The issue of shares is not cash related, SKG have NO obligation to part with cash.

##You alrready said they borrowed $1.3m for the AIM listing.##
The shares have already been issued on the AIM, there is no associated debt.

##Technically then SKG are insolvent now.
Perhas you would like to address those facts?##
Barry, how do you live with yourself ! If SKG are insolvent what are BQT, they have no money and are talking about selling assests to stay afloat.

##And SKG can NOT draw down on any of the money from Cornels until the $850k is repaid.##
If SKG are taking 16 months to issue the shares, what does this tell you ?

They don't owe any cash to cornell, but you insist on calling them inslovent, more detailed research from Bazzaroid ;-)