RE:How about this Are we talking about a Pyro building with a for rent sign? Another note on the receivables sonny can't collect from the Arabs: We could probably quantify the interest they are losing by not having that cash in the till as well. When and IF it does come in, it's out the door stat so that interest will have never been realized. What an f'n joke of a chit show.
The company employees on CEO don't think so. Still wet behind the ears.
AcesFatsoTossn wrote: For Rummager who asked me to look into it.
14.5$m of their receivables are over 90 days. They lose a lot of money, and if you strip those bad receivables out of the working capital then they are broke. 70% of their receivables are generated from 1 client. Also, the building listed as their principal place of business has a big for rent sign on it, it also houses a Judo club and kickboxing club. The grafitti on all 4 wals isnt very well done. The ceo rents space to the company.
So expect a financing any day.
Theres your content for the day thanks to your friend Rummy.
8s:)