Wednesday, July 02, 2008

Kosmo Technology Balance Sheet

Posted the other day, Kosmo Technology Shocking Deviation Of Accounts

I have decided to take a quick look at Kosmo's balance sheet stated in their quarterly earnings report posted on 30th June 2008.

Utterly shambolic!!!


Cash balances totals only 19 thousand while bank borrowings are more than 82 million!

Sigh!

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