Maybe ask the staff and see what answer you get there. I suggest you look up the definition of insolvent, insolvency and so on, debt, burn rate and so on. So what you are saying...and correct me if I'm wrong, if a company does not have the money to pay staff in a few weeks time, thats ok as long as it does not have a loan with anyone. Well....that comforting and completely wrong.
I appreciate you trying to navigate a conversation around when a company is solvent verses insolvent to suit your support of TMT, thats cool. But I know when someone is trying to blow smoke up my.....
Maybe read this little ASIC ditty.....
Insolvencyis thelegal termdescribing the situation of a debtor who is unable to pay his, her, or its debts. There are two primary types ofinsolvency: cash flow and balance sheet. In cash flowinsolvency, the debtor suffers from a lack of financial liquidity making it impossible to pay debts as they fall due. (In the case of TMT, March / April 2019)
I'm only asking where does next quarters cash for expenditure, financial commitments comes from, I am a shareholders of TMT, just rather the board put out their plan sooner then later M
TMT Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held