Fundamentally, the Debtirs are pursuing an unjustified and foolhardy gamble with other people’s money
Sounds about right
8 replies (most recent on top)
Yes and Eddie will randomly add debts to stores to try and hide what he is doing
Either the CFO is a mor*n or a crook. They cook the books at every turn and use accounting methods that no other business uses. Banks are probably trading the cash for debt and assets. How truthful the assets are is anyones guess. If you think that banks or anyone else will loan money because they want to save jobs you are crazy. If you think that then why dont you work a month for free to help save SHC?
@iwi - stupid comment ! you are funny !
stupid comments ! you people are funny !
They are using the CFO's own statement of cash urn as $125m per month. My estimate is $300m per month; and I believe the 1st set of financials; to be provided Nov 15th will support my estimate.
[IMO] if the committee examines the budget provided by Sears CFO closely they would find payroll costs were manipulated with different; and lower; values than the CFO provided elsewhere in documents to make the budget appear to be viable.
Then they'd stop them, that's one opinion. Obviously, someone is willing to lend and good for them! It's about time the banks try to save companies and jobs rather than give up at the first hint of trouble, WOW more debt lol, debt is the problem. Don't be a buffoon
This is long past the first hint of trouble
Then they'd stop them, that's one opinion. Obviously someone is willing to lend and good for them! It's about time the banks try to save companies and jobs rather than give up at the first hint of trouble,