via Investopedia.org - Going Concern
The very definition of going concern is being tested with GBN.H under the BIA. The Winding Up And Restructuring Act only recognizes companies that fully acknowledge they have no ability to pay its liabilities as they come due. But GBN.H is involved in the BIA process because it is actually a going concern, just the value is not established.
The law is illogical in this location,me here a going concern will have to resort to the BIA instead of are structuring act, to achieve a restructuring.
'Going Concern' is a really central concept in the whole process and will be important Friday.
The video sounds awfully like GBN.H, that they may have raised capital off balance sheet, this will be the test for a going concern value.
http://www.investopedia.com/terms/g/goingconcern.asp
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