Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
This is how u s u c k a plc dry:
1st u borrow money from a bank to buy huge assets and then u do a sales and leaseback exercise to turn these assets into handsome cash.
Once the company is filthy rich with cash (not net cash), u pay yourself and all existing shareholders a handsome special dividen instead of paying back the bank.
Now the company has become a debt laden company and vunerable to financial shocks but who cares? The initial shareholders already cashed out and leave all risks to the minorities.
Repeat the exercise in AAGB and do even bigger historic plane orders on the basis of bold initiatives. Sale and leaseback thereafter if it can get through the financial shocks :-|
