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So the answer is extend more credit to somebody who is not paying you?
My father used to say the following to me:
Borrow $10,000 from the bank and don't pay, you will have a problem.
Borrow $1,000,000 from the bank and don't pay, the bank will have a problem.
That seemed to be Donald Trump's strategy in many of his re-negotiated deals.
So the answer is extend more credit to somebody who is not paying you?
Originally Posted by LQQK_OUT
My father used to say the following to me:
Borrow $10,000 from the bank and don't pay, you will have a problem.
Borrow $1,000,000 from the bank and don't pay, the bank will have a problem.
That seemed to be Donald Trump's strategy in many of his re-negotiated deals.
Both are true.
As noted earlier, you don't get $6.3 million in debt overnight or by accident. Apparently they kept driving the car (or bike) down the road way past the point they needed to turn around.
Might be interesting to know how much culpability MOCO has due to their mandating that dealership owners expand/update. their showrooms, possibly requiring them to spend or borrow funds that they didn't have.
I've been to many, many dealerships and very few of have NOT had tons of money spent on these improvements.
May have been possible when the sales were sizzling but when those sales chill, so goes the profitability.
A guy i work with had ordered from boardtracker about a month ago now. He wanted to cancel so he called Anthony who assured him he would get his parts soon or hed give him a refund. He took the refund and his account was credited the next day so it seems like at least Anthony's trying to be a stand up guy. It'll be intersting to see how it plays out going forward.
A guy i work with had ordered from boardtracker about a month ago now. He wanted to cancel so he called Anthony who assured him he would get his parts soon or hed give him a refund. He took the refund and his account was credited the next day so it seems like at least Anthony's trying to be a stand up guy. It'll be intersting to see how it plays out going forward.
He is. He has been trying to get money out back on my gift card. Its taking forever but he is keeping me posted on the status. Sucks, but Im sure they figure out this will be behind them and they dont want to burn anyone.
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