With all the borrowing, the slow/pay no/pay, and the desperate measures, it's obvious that it would already be out of cash if Eddie hadn't gotten emergency loans and the infusion from the DieHard sale. Even with the DieHard sale and the Craftsman royalties, as well as the fast cash from all the liquidations, it's still like this.
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More than you. Believe or not- all the remaining stores are profitable
I wonder how much money from the DieHard sale actually went back into the business.
I'm an accountant. Prior to the loan and the DieHard sale, the company was on a trend to run out sometime in mid March maybe. Cost cutting, vendor payment delays and the DieHard sale have kicked the bucket to some later date.
Unless my paycheck bounces, I couldn’t care less
$250 million craftsman payment this year on top of royalties. So with the loan, diehard, liquidation, craftsman royalty and payments they should have lined up close to $1 billion. If you can’t operated 550 or so stores (includes small hometown) on a billion $ I dunno what you can do.
It’s a private company now a–hole.
Hold on. They let me in on all this kind of privileged information. I'll get the current account totals to you in a second...