Quote: Bubba "I think you are misreading their accounts. The figures you quoted above are in brackets, which means they are negative figures. So their net equity is minus £529k, not positive.
Their current assets are £32k, but they have liabilities of £587k.'"
I’m no accountant so forgive me , what does total assets minus current liabilities mean ? I can’t see a loan for 500,000 on their accounts .
P.s you are right when a figure is in brackets that’s negative, just googled it , you learn something new everyday , just find it strange if they’re in a negative balance how have they got 75,000 shares in fax .