Because the company's current liabilities are very high and by having the payment invoiced, it remains as a current asset to go some way toward offsetting the liabilities. Without that, the current liabilities would be so far in excess of the available cash reserves that it would have to be questioned how they will meet their commitments.
If the invoice is paid then the cash will be an asset for a very short time only before it starts getting burnt through. By keeping it invoiced but unpaid, the full amount gets offset against current liabilities.
TV2 Price at posting:
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