GREY:CNKEF - Post by User
Comment by
haoke2013on Nov 13, 2017 12:04am
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Post# 26948961
RE:RE:RE:CKE will exit December 2017 with $10m cash and Zero debt
RE:RE:RE:CKE will exit December 2017 with $10m cash and Zero debtI lost heavily on LTS (Lightstream), and witnessed how the banks cut their credit facilities down and swiftly killed the company with ease. Seems that when the market conditions deteriorate, it is exactly the same time that a company especially needs credit facilities to keep afloat and a bank espicially needs to cut down the credit facilities to ensure the safety of its fund.
I paid heavily to learn that it is dangeous for a small company to live on a bank's fund when the market conditions are extremely unstable and unpredictable.