RE: mismanagement...quote: how will the newest inventory financers be able to "audit" profit results to make sure they are getting their cut? (or is this another extra expense of the company?)
This is exactly what I was wondering.
I can imagine this could be a nightmare accounting problem.
Will A/ investor buy cars 3009-3015.
B/ buys 3016-3027...and so on and so on...
or will A/ & B/ be buying 3009-3027? then splitting the profit.
If AA can't make a profit keeping all the profit... how will they ever by now giving away a percentage of the profit?
It appears they need the cash desperately to pay the debentures interest.
They keep borrowing from new investors to pay the last group of debentures.
This seems more like a pyramid scheme.