Originally Posted by webvan
Had missed on the unearthing of that credit line, who spilled the beans? Why did he need one when he was supposedly worth $125 million? Seems stupid to pay interest when you have that kind of money?
But he doesn't have 125million cash.
He has a sum of cash but other money in assets and investments.
He can't call early on many of those assets without loss or penalty.
Cash flow is his biggest problem. It's starts to tie a noose around your neck and gets tighter and tighter.
You begin to sell assets below their market value and for lower than your of original investment.
Horrible situation to be in....