Can a company go bankrupt when Assets are greater than Liabilities?
As of Dec 31,2012, they had:
total current assets of $1,218,622
total current liabilities of $ 854,924
Their total assets were $2,146,682
total liabilities were $1,879,404
So if their assets are greater than their liabilities, will a judge allow them to file bankruptcy? I'm just trying to make a decision whether to cut my losses or hang in here. At this price though, I feel its already trading like its bankrupt.
if you bought at 2.60 its more worth it to just to hold and see what happens remember this is a very volatile stock, once they make an announcement they are opening another plant or anything like that, the stock will most likely to recover.
who are you trying scare ? all the bad news already come out . very worse case XIDE will leave CALIFORNIA. who will get hurt . CALIFORNIA EMPLOYEE . They willing work with the CALIFORNIA COURT.
They leave do not pay a dime . is that better for them ? they can open any operation plant any where out of USA