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naturalborninvestor

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naturalborninvestor

Re: davpar post# 45648

Friday, 03/15/2019 4:01:51 PM

Friday, March 15, 2019 4:01:51 PM

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A company goes bankrupt if it cannot pay ongoing obligations. A quarterly financial statement from a year ago has zero relevance to whether there is a need to file for Ch11 or not. So, who would dig into the books to find an accounting inconsistency unless there is a vested interest?
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