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Originally Posted by Rawz
Might go into liquidation if they cant raise the capital to keep them a float
Almost inevitable I would have thought, without further money or selling some assets.
Directors don't want to get caught trading while insolvent.
Sold $1.4m worth of assets last year and still had negative cashflow of $4.4m, with $0.9m in the tin at the end of the FY as at 30/6/23.
That tin in must be pretty empty now........??
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