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08:21
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Originally posted by Bubbles Mcgee:
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Looking through the LIFX financials at the end of the announcement I am concerned that we are buying a company that appears to be trading insolvent. According to the statements as at 31/12/18 LIFX has 21.5mill in assets and 26m in CURRENT liabilities. I am no expert, however when your assets can not cover your at call liabilities then you are basically insolvent. What am i missing here?
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that’s an Intresting question. Perhaps someone who posts facts and has an in-depth knowledge can reply. @bentas74 ?
