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Post# of 403035
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loanranger

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loanranger

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Re: olden_grumpini post# 401508

Wednesday, 01/31/2024 1:54:52 PM

Wednesday, January 31, 2024 1:54:52 PM

Post# of 403035
Insolvency is the inability to pay one's bills when due and has little to do with a Company's financial condition other than that.
As of 9/30 the Company had ~$900K in LIQUID assets and $1.5M in Accounts Payable that were NOT due to related parties.

I'm not sure how it matters but the Company meets the definition of insolvent.

No matter what it is or who commenced it, I'm against it!
....Groucho

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