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Re: jimr1717 post# 80704

Thursday, 03/19/2020 9:28:06 AM

Thursday, March 19, 2020 9:28:06 AM

Post# of 113412
Banks are ready to lend a hand in the current climate. The biggest challenge (assuming they didn't fick up big time and invalidate their insurance coverage, in which case this is a dead business), is going to be finding the manpower and the logistics of the rebuild in the current CV driven climate. We are talking perhaps a min of 6 mths down the line before they can start the demolition.

Forensics will be all over it first, then the loss adjusters, then the payout, then the architect and finally the rebuild.

Be surprised if the infrastructure is ready 12 months hence, then they have to restock and start the harvest again, more or less, from a zero base.

This is a disaster of monumental proportions for the company and one which it would seem not to make sense, to try and bounce back from.

Just sell the tech and liquidate the asset.
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