Quote:
Originally Posted by Rodrunner
No offense, Dragoneye, but they're destitute now, not years ago, so the changes they've already made haven't helped, have they?
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Well...when the changes have just occured within months...and the economy is tanking to the point of moderatre recession. The benefits of these changes just aren't going to be realized, are they?
It's like screwing in a new, more efficient lightbulb, but not flicking the switch.
Quote:
Originally Posted by Rodrunner
So what have they got to lose by reorganizing under Chapter 11?
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Their entire consumer base, and their entire company. Chapter 11 is quickly being considered by
everyone (including some of our politicians) as a highway to Chapter 7. That'll help matters.........
Quote:
Originally Posted by fastball
I didn't realize untill now that while they have made great strides in product, their current business models are drastically behind the 21st century, they do still have lackluster management at all levels, and the problems are so deep rooted that no loan will fix anything.
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What's your reasoning behind that statement?? What deep-rooted problems? The 'lackluster' management was responsible for those great new products...
Quote:
Originally Posted by Speedy1975
They're just so arrogant they thought they'd just walk in and leave with a check no questions asked.
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I'm sure they expected questions...they didn't expect such uninformed, biased resistance to a LOAN.
