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Re: sbrisson post# 4977

Saturday, 07/18/2020 10:18:39 PM

Saturday, July 18, 2020 10:18:39 PM

Post# of 37836
@sbrisson, it’s not quite as bad as it looks, every business in the world runs on a going concern basis. May was the last $100,000 monthly payment going back to October for McKay roofing. Added 2.5 M debt acquiring Milhollland. Like I said, they need to settle business and start cracking that debt. My only concern was the CEO stating they were on a 6 million revenue 1st qtr. pace and they only hit 3.5 million.
Covid 19 had CA on lockdown however, and I imagine affected the business greater than he anticipated in March.