Ann: S&P Ratings Services Downgrade, page-4

Jeez Chaddy and Whatsup,what planet are you from?
Yes,BLY is in a tight spot.
But what about approaching the current situation from the perspective of the directors (in total) and then from the likely perspective of each and every director?
A company cant trade when it is insolvent or directors risk doing time.The position of all directors is tenuous when it approaches a possible state of being at risk of trading while insolvent.
Now look at what the has been said " We have the liquidity and financial resources to fund all our operations for the foreseeable future including meeting our obligations to our suppliers and creditors.."
If each and every director doesn't believe the above is a reasonable statement then it is up to him or her to break ranks and make his/her position/view known .
I find the statements quite encouraging but dont ask me what the final outcome will be And do have a bit more faith in the legislation that makes directors accountable and rely a bit more on the wish of most people to stay out of the Big House
Cheers


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