I have made a company which name is XYZ LTD
business is struggling, poor cash flow and poor execution.
I have declared so many big orders but most of orders looks fake because there is no execution or cash flows coming and stock price keeps falling.
Unbilled revenue part of other current assets in balancesheet is equal to total sales.
XYZ Ltd made a new subsidiary abc ltd with 0 employees and given a big orders to Own parent company XYZ Ltd.
Investors become enthusiastic and dancing.
The question;-
If this subsidiary did not exist, where would this revenue come from?
First, IAF planes, now telegram ban. This govt. is a total comedy circus.
Paper leaks will never stop. Because money from the business of paper leaks being used to buy MPs/MLAs?
$Gold & $Silver Weekly Chart
> Higher time frame trend is sideways to positive.
> Lower time frame trend is sideways to negative.
> Both the precisions metal trading between a major support zone (based on higher time frame.
> Keep eyes on support lines & reversal pattern. or wait for change in TREND in daily time frame.