RE: Oh deary deary me....23 Sep 2025 18:16
Net asset value feb 2023 was 500,000,000 (approx)
Net asset value feb 24 was 280, 000,000
Net asset value feb 2025 was 4,000,000
I don't believe the company has done anywhere near enough to address this slide and we are now 7 months since the feb 2025 nav figure, surely it much now be negative?
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If a company has a negative net asset value (NAV), it signifies it has more liabilities than assets, a state known as balance sheet insolvency. While this doesn't automatically mean imminent failure, it signals increased financial risk, difficulty in securing funding, and potential legal problems, particularly the risk of wrongful trading, where directors can become personally liable for company debts if they continue to trade while insolvent. The situation is serious and requires a thorough analysis of the company's specific financial position and growth prospects to determine the appropriate course of action.