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Saturday, August 23, 2008 8:55:20 AM
Project positive cashflow most liely is 1-1/2 years away.
Need to dance with the devil to get enough cash upfront to work the plan.
Doesn't happen any other way
Not easy to get a 5million LOC with a bank these days
Needs more money to work the plan
If anyone thinks they can do better, they would be doing it instead of berating the ones that DO IT>
Doesn't mean its going to be pleasant, but over the long haul it will work out fine.
Only question is really when to invest--now may not be the best time ever to throw some money into it, but I certainly wouldnt lose sight of what TS is doing....long-term, this works.
HE's a smart dude, it will work--just taking longer than anyone thought
The financials for North Country Hospitality were BETTER than I expected FWIW
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