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Re: trade2much post# 364

Saturday, 10/20/2007 12:37:35 PM

Saturday, October 20, 2007 12:37:35 PM

Post# of 1057
The reason is probably quite simple. With all of the deals they are juggling and all of the ten million dollar checks they have to write they got caught short and decided they needed cash FAST and pronto. So they went to Cornell. And that is exactly the point I've made earlier. Read many business biographies and you will see that some very big businesses have crumbled overnight because their bankers said NO when they exceeded their overdraft and needed more money to service one of dozens of bills. Virgin Atlantic came within inches of default more than once because their bankers would not let them draw any more credit when they needed cover a short term debt. They are now a major airline, but British Airways was trying to crush them as a startup and they almost succeeded. TTGL could go on to success, but they seem to be playing a game of musical chairs financially already and if the music stops and there is no chair waiting for them it can trigger a chain reaction of defaults. That is why I said Worldcom because these acquisition rollups fail as often as they work. People should study a little history before they call someone a basher. I'm just injecting a little common sense into this so you know to keep on your toes.

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