Does your research only involve looking at the company's power point slides and the pretty pictures?
"The company never defaulted"
Again, another lie on your behalf.
Are you able to read that without it being highlighted?
"Rodan extended to loan to ensure minimal share dilution while the JV is in place."
More fanciful info? Do you have a source for that information?
“Solvency” is defined in section 95A(1) of the Corporations Act 2001 as the ability to pay all debts as and when they become due and payable. A person or company which is not solvent is insolvent (s95A(2)). The courts generally take into consideration cash flows, balance sheets and the overall situation of the company when determining insolvency.
Again, please enlighten yourself with the above. If a company cannot meet a debt when it falls due, they are technically insolvent.
Woah, hey, look at that, IDC defaulted twice.
So yes Dirtminer, I think you need to be more careful with the information you provide.
And so some decent research buddy, you're hopeless.
IDC Price at posting:
1.0¢ Sentiment: None Disclosure: Held
