Re: Book closes.....
in response to
by
posted on
Jun 04, 2019 07:36PM
"If you owe the bank $1000.00 the bank owns you ... if you owe the bank $1,000,000.00 then you own the bank"
IOW, everything is continually negotiable, based on leverage, fear, and greed ... even loans and contracts. It appears some of these deadlines and commitments have been renegotiated, altered, modified, at times, for whatever reasons and opportunities?
I guess, another question might be your ongoing question (concern) about material events, and disclosure responsibilities to share holders? ... lawyers love gray area, bankers & accountants not so much (unless they can leverage/exploit/profit from gray areas).