Bank told Jonathan get your spending under ControlThe numbers speak for themselves. NVA had a bank line of 550 million dollars, but after a out of control spending quater Q1 they spend 146 million, they bank felt the management team could not be trusted and cut the line to 475 million.
This left Jonathan with a bank line that he can do nothing considering they were drawn to 450 million dollars, you got it, the banks made jonathan stop his drunken spending.
Now they need a white night or they will go broke.
IMHO