Sorry for Jambon and co.15 Jan 2018 07:12
To all those who called me names, that�s it right there........it just blew up in your face! The company didn�t follow basic steps to restructuring a company. Huge cost cuts, massive staff reduction, huge pay cut for execs can only be followed by equity raise. Banks don�t wanna borrow you money just to pay staff or suppliers or interests. Banks want you to use new loan to grow the business, grow the company�s tangible assets.