RE: Liquidity at least until March 20199 Jun 2018 12:20
Ocelot ...the accounts were a work of fiction ...especially the going concern comment. SS could just cut costs if he needed to. The accountants ...a 2 bit outfit in London ...just in on the gravy train. Bear in mind too, the accounts then laggef in realtime. I thought where.s their cash coming from ...cashflow/flow of funds accs looked too good. The assets on the balance sheet looked high ...but only due to the fact it.s beneficial to all weald oilers if they ramp the asset/license prices. In a crash sale today/now, they.d be worth diddly a little bit ...certainly not what they paid fòr them. If used as security ... not worth much. I could imagine a raise after HH, i just thought they.d front it out. Have the oga insisted that they show them that they have cashflow to successfully develop a nationally important treasure(!)?
Could well have done but we dont know. More convis? Lookingca distinct possibility ..but the problem is there.s no room left in the sp ...death
spiral happening now ...there will ve liquidity issues.Firesale of assets for me but who.ll buy them. If some chancers try for a cheap price, it devalues all Wealders ...Angus etc Mkt caps are just too high.Enough from me today... take care ...