Post by
Gulag2011 on May 19, 2024 2:51pm
Marketwall stopped payment 60 ALY workers need paycheque ⚰️
At this meeting, it was also reported by the Company’s management that the Company faced a number of near-term liquidity issues, including that: (a) the Company’s cash reserves had been significantly depleted due to several unexpected payments, (b) the Company had been unable to pay certain of its employees and consultants for the month of May in accordance with their contracts, and (c) the Company’s revenues had declined significantly over the past year and an anticipated payment from MarketWall S.R.L. had not been received in early 2024 as expected, while its accrued payables had increased markedly. The Company learned that the payment from MarketWall S.R.L. would not be received at a shareholder meeting of MarketWall S.R.L. held on March 21, 2024.
Comment by
fiveniner on May 19, 2024 3:50pm
Workers were paid. "Earlier this week, the Company collected certain account receivables early and used a portion thereof to pay the final outstanding invoice of its auditor and other outstanding amounts due to its employees and consultants."
Comment by
Gulag2011 on May 20, 2024 2:06pm
THE MARKETWALL MONEY HAS STOPPED FOR GOOD GAME OVER