I refer to an earlier post by Imraj Khan who advised that he had...

I refer to an earlier post by Imraj Khan who advised that he had contacted the company and was advised that:-

“The $2.6m has been collected and we have no material bad debt exposure relating to this period for ADG.”

. . . . I would be more inclined to think that a substantial portion of the DEBT was sold off to a collection agency at a substantial discount and this has contributed significantly to their current negative cash position.

My opinion is that the company is over borrowed, under capitalised and over extended.

DYOR