Be careful of the creation of a new entity with government money
two options are on the table
1) liquidate the hold structure and create a new entity wif-ch mean existing shareholders lose all because simply the company is virtually bankrupt without Taxpayer money
AND MY OPINION IS THAT THEY SHOUDL PUNISH SHAREHOLDER FOR TAKING THE RISK IN SUCH LOUSY INVESTMENTS , THIS IS CALLED CAPITALISM WITH ITS FULL RISK AND REWARD
2) They decide to lend the money with state guarantee to finance the rescue of the company , politically much more sensitive but unfortunately the still most likely scenario
I believe like any badly managed company they should pay the price and go burst . And let the state nationalise it and take over the assets and the workers
IT IS WAY TO EASY TO ACCEPT CAPITALISM ONLY WHEN THE CIRCONSTANCES ARE GOOD AND PROFITS ARE PLENTY !!! MEANING NO DOWNSIDE RISK IS IN THE EQUATION LIKE ANY OTHER BUSINESSES IN THE US
1) liquidate the hold structure and create a new entity wif-ch mean existing shareholders lose all because simply the company is virtually bankrupt without Taxpayer money
AND MY OPINION IS THAT THEY SHOUDL PUNISH SHAREHOLDER FOR TAKING THE RISK IN SUCH LOUSY INVESTMENTS , THIS IS CALLED CAPITALISM WITH ITS FULL RISK AND REWARD
2) They decide to lend the money with state guarantee to finance the rescue of the company , politically much more sensitive but unfortunately the still most likely scenario
I believe like any badly managed company they should pay the price and go burst . And let the state nationalise it and take over the assets and the workers
IT IS WAY TO EASY TO ACCEPT CAPITALISM ONLY WHEN THE CIRCONSTANCES ARE GOOD AND PROFITS ARE PLENTY !!! MEANING NO DOWNSIDE RISK IS IN THE EQUATION LIKE ANY OTHER BUSINESSES IN THE US