RE: Accounts1 Oct 2023 12:51
If this company goes into liquidation, the first people to be paid are secured creditors, preferential creditors, unsecured creditors, and finally, shareholders. So if this company is being liquidated, shareholders will get nothing.
If the creditors decide not to go into administration and agree with the cash injection scenario, new bought in shareholders like me will make a real killing here.
Am I correct in believing, this company has around 80 million pounds worth of debt and around 110 million pounds worth of assets including all the licenses and money in account??