Comment by
RoyKerr on Aug 10, 2022 7:32pm
def a skillset for a going concern, not bkruptcy court. fingers crossed for kfw signing off.
Comment by
patchh on Aug 10, 2022 11:37pm
if that was headed to banko - t would B w one of the mine/local accounting/legal firms... lets see what kinda loose scru' payla hammers away this time.... NCI is not running a coach from fernley/fallon - housing is a problem in the village = people
Comment by
RoyKerr on Aug 11, 2022 12:05am
no wonder "Rent is based on income — some of our residents pay $0*"
Comment by
mckayk3 on Aug 11, 2022 7:05am
Did they ever officially state "ongoing concern"? I kept my eye for that exact phrase but they failed to say it in the last 2 or 3 financial updates. The closest thing said was "Company may not be able to continue to carry on business in the ordinary course." IIRC you must say legally state "ongoing concern" if bankruptcy is on the table.
Comment by
RoyKerr on Aug 11, 2022 8:53am
no. & If financing falls through, they'll prolly go for creditor protection then begin the sale process, not bankruptcy.
Comment by
patchh on Aug 11, 2022 4:02pm
either way - storks get wiped..