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Mart Resources Inc MAUXF

Energy Oil & Gas E&P


OTCPK:MAUXF - Post by User

Mart Resources Inc > Dividend NOT paid from borrowings
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Comment by sgandzaon Dec 20, 2013 11:41am
423 Views
Post# 22026820

RE:Dividend NOT paid from borrowings

RE:Dividend NOT paid from borrowingsIt's not about P&L for the dividend, it's about cashflow. Since the dividend is eating up almost 100% of cashflow - it means they are borrowing to run the day-to-day operations. However you look at it they are borrowing as a result of the dividend.
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