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I'm not sure that interpretation flies if the company never missed a payment.
by mst 10y ago
I'm not sure that interpretation flies if the company never missed a payment.
- powera 10y agoNot missing a payment because the CEO is taking on personal debt to invest in the company is not really sustainable, and almost certainly a red flag to investors. Based on the other article I link to, they seem to have been behind on their payments to everyone else as well. And were doing "deep discounts" to keep cash flow high. Clearly a bubble situation in my mind.
- JackFr 10y agoWell, never missed a payment until the bankruptcy filing, at which point Comvest can line up at the courthouse with everyone else.