GREY:ISOLF - Post by User
Post by
newdaydawningon Oct 20, 2018 5:58pm
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Post# 28841669
Liquidity Risk
Liquidity RiskLiquidity risk is the risk that ISOL will not be able to meet its obligations associated with its financial liabilities. The Company’s approach to managing liquidity risk is to ensure that it will have sufficient liquidity to meet liabilities when due. As at June 30, 2018, ISOL had a cash balance of $11,515,258 to settle current liabilities of $50,747,188. ISOL is currently investigating financing opportunities so that it has sufficient liquidity to meet liabilities when due. There can be no assurance the Company will be able to obtain required financing in the future on acceptable terms.