Let me explain - I have a holding with two enterprises with book value of $5m and $9m respectively. The holding also has assets of $55m in an aircraft leased back to a subsidiary, $2m invested in shares, and cash on hand of $860,000. On the other side there is a loan of $3.3m
What makes me nervous is that last week a company of which I had a share holding went bankrupt, with a stock trade loss of $210,000.
So with just $860,000 in cash and $2m in shares, what happens if all the other companies go bust?