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0.00% 0.1¢ vdm group limited

Current liabilities = $16.58M and current assets = $2.26M -> a...

  1. overloaded
    1,023 Posts.
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    01/09/17
    17:50
    Post #: 26940429
    Current liabilities = $16.58M and current assets = $2.26M -> a shortfall of $14M
    NTA = ($185K) with a dubious $2.5M transfer to non current assets (refer note 14)
    Still have $2M in contingent liabilities
    Revenue less than overhead expenses (again)
    Every division making a loss (again)

    It will be a brave auditor that signs this off as a going concern.
    VMG Price at posting: 0.1¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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