Thursday, October 08, 2015 12:11:59 AM
cost of sales. Huge amounts where paid out in sales cost but they couldn't deliver. Every car sold was loosing money.
Investors bought up the stock due to the pay out in administration and sales costs that proceeds delivery that was paid by the borrowing of capital that was to be paid back on delivery of the cars. There was no cashflow to deliver cause the collateral ran out to borrow.
Time is ticking and the million dollar question is will
the margins be great enough to cover the money borrowed to pay administration and the cost of sales as collateral is dwindling away on already huge debts that are in place.
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM