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Re: Vapor5150 post# 83577

Thursday, 06/16/2016 2:02:16 PM

Thursday, June 16, 2016 2:02:16 PM

Post# of 87250
I'm only saying that they have to show legal cause to go bankrupt. Not being able to pay interest or the debt notes of 18 mill is not enough when you consider the yearly revenues. If the revenues were declining by a great deal then I can understand but 11.6 mill down from 15 mill is not enough to show good cause for defaulting. Plus the companies would be sold off to debt holders. Overall a terrible outcome. Even for calm waters. Not gonna happen.

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