News Focus
News Focus
Followers 362
Posts 100378
Boards Moderated 2
Alias Born 02/22/2006

Re: Flyguy30000 post# 57131

Thursday, 11/26/2009 11:26:46 AM

Thursday, November 26, 2009 11:26:46 AM

Post# of 68510
$1.6 MILLION in Current Liabilities to pay and only $0.25 million to do it with.

That is called ... INSOLVENCY.

This is called ... a working capital deficit of $1.3 MILLION.

Equate it to $2,000 in your bank account but $12,000 in credit card debt that has to be paid.

Basic finance.
jmo
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y