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Re: tk5010 post# 50353

Friday, 06/16/2017 10:23:15 PM

Friday, June 16, 2017 10:23:15 PM

Post# of 62853
It is not coming back to life. They might try to pump this dead carcass again, but that is not life.

COWI is dead. It is more than $20 million in debt. That not only never goes away, it grows, month by month, week by week, day by day, hour by hour. And since they defaulted on every single loan, the interest rates are massive. I would not be surprised if the amount of debt grows by a minimum of 25% each year. So the original $20 million in liabilities is now over $30 million.

No business will merge or do any kind of business with COWI with that debt on its books. No one.
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