Banks NEVER finance purchase orders to a company that is insolvent. I also have experience working with banks in Thailand and if anything they are a lot stricter now than they used to be.....
When I pointed out some of these posts to my son who IS a credit analyst at a bank and told him people think a bank will lend them the money for a P.O. while the company is insolvent he laughed so hard he almost was crying.
And he is 24 years old and understands bank credit more than 100% of the people here.
In fact I don't think anyone here can even read a financial statement because if you could you would understand the predicament this company is in.
I rode this company down from .10 selling you guys shares and you bought my shares and keep buying them.
What is the definition of insanity?
extreme foolishness or irrationality.
plural noun: insanities
"it might be pure insanity to take this loan"
synonyms: folly, foolishness, madness, idiocy, stupidity, lunacy, silliness; informalcraziness
"it would be insanity to take this loan"
I am already planning my next booze binge trip to Thailand on your money..... thanks guys!
