2/2
When we had cash flow problems in 2014 and I put a liquidator over one of the companies we had $1.5 million worth of money due.. That was over the next 90 to 120 days.
What people fail to see is that even when you own larger amounts of capital that you can end up with problems of liquidity.
I had around fifty staff earning an average of 124,000 dollars per year. On top of that, we had offices, computers, network systems and contracts and licensing agreements with banking software firms.
The thing people fail to note is that I paid all creditors and staff 100 cents on the dollar
in placing the company into administration I didn't need to do that. I could have made deals and I could have cancelled a number of contracts and got out of paying a lot of money.
CSW
Jan 29, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1611923673284000?thread_ts=1611923673.284000&cid=C5131HKFX
2/2
https://t.me/CSW_Slack/2461
When we had cash flow problems in 2014 and I put a liquidator over one of the companies we had $1.5 million worth of money due.. That was over the next 90 to 120 days.
What people fail to see is that even when you own larger amounts of capital that you can end up with problems of liquidity.
I had around fifty staff earning an average of 124,000 dollars per year. On top of that, we had offices, computers, network systems and contracts and licensing agreements with banking software firms.
The thing people fail to note is that I paid all creditors and staff 100 cents on the dollar
in placing the company into administration I didn't need to do that. I could have made deals and I could have cancelled a number of contracts and got out of paying a lot of money.
CSW
Jan 29, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1611923673284000?thread_ts=1611923673.284000&cid=C5131HKFX
2/2
https://t.me/CSW_Slack/2461
Comments
Be the first to add a comment
Log in to comment