Replies to post #6685 on Freedom Holding Inc. (FHLD)

[dickmilde]

Current liabilities are 3.5 X current assets

Current liabilities are those that have to be paid NOW... Not later.

Current assets are used to pay current liabilities... They don't have enough current assets to meet their current bills that are required to be paid NOW. Where is the money going to come from to pay the current bills that are due????

This is the same as your home finance situation... More bills on the table than money in the bank... What are they going to do?

Hint: Issue more stock to raise money.

Dick Milde

[jaychezdog]

ok, correct me if I am wrong but it looks like they are losing money, no? -$415,790 no? Admiral..