Mate you didn't own yesterday, now your a 'shareholders' but...

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thecone

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127

07/02/19

22:42

Post #: 37370105
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Originally posted by Matricks ↑

Originally posted by thebeautifulstyle
Insolvency applies to companies with debt. If a company cannot pay interest and cap return on its loans, then it becomes insolvent.

TMT has NO debt.

Insolvency is a term where an organisation or individual can no longer meet its financial obligations with its lender
or lenders as debts become due.

Financial obligations like rent, staff, etc, ASIC is not interested in at all. This has to be negotiated between the individual parties
and the firm.
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.....

Insolvency
is the
legal term
describing the situation of a debtor who is unable to pay his, her, or its debts. There are two primary types of
insolvency
: cash flow and balance sheet. In cash flow
insolvency
, 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

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Mate you didn't own yesterday, now your a 'shareholders' but youve got the same concerns you had yesterday ?
Which begs the question why tf did you buy?
Or are you just billy bullshitting and you want to buy in but cheaper?
Last I heard Tmt had nearly 3mill in cash and no debt, drilling finished and about to update the resource.
If you are that concerned. .
Sell or don't buy , practice but don't preach eh. . I'll be sleeping tight.. With nearly 200k invested. . Mostly but not quite free carried.
Gday tc

TMT Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
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Mate you didn't own yesterday, now your a 'shareholders' but...

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