RE: RE: RE: RE: RE: RE: voscanner18, v.gau is a bad example actually. The share price is not higher than the day they announced the rollback and was only up yesterday because of the news about the property. GAU is actually far worse off than SYH.
After your post the accountant in me went looking at the statements and I can not see how it can survive much longer. According to the news release they are issuing shares to directors and even to outside suppliers just to pay their bills. Where they are so much worse off than SYH is that they have a debenture of $3,000,000 with a 10% interest rate. Earlier this year they had to borrow this money as they could not raise funds. Now the money is gone and they can not make the payments on the debenture which is secured by all of the company assets and properties. Unlike SYH, GAU can be legally stripped of all of its assets instantly and the shareholders will be left with a shell company which is exactly what will happen. The debenture holders will not allow the company to continue to burn through the cash.