I don't disagree
with the principle that our borrowing is based upon good crowds at NR1, but I'm not sure about your calculations.
Even if:
the loan was for 30 mill (over 15 yrs at 10%)
and ST revenue was, say 25% less than my guess (6 mill p.a.)
replayments would still be comfortable.
Our insistence on paying silly wages when our turnover is shrinking is, to my mind, a much bigger problem than the loan(s).
And, if it makes you happy, this can still be listed as a failing by the Chief Exec (though the rest of the board are equally culpable)
Posted By: east of hampstead on September 24th 2007 at 14:09:49
Message Thread
- FAO Pants: look away now (NCFC) - Blind Lemon Creosote, Sep 24, 13:05:33
- money questions (NCFC) - east of hampstead, Sep 24, 13:37:35
- Several things (NCFC) - Blind Lemon Creosote, Sep 24, 13:51:21
- I don't disagree (NCFC) - east of hampstead, Sep 24, 14:09:49
- You know when you take out a mortgage ? You sure as hell don't just pay back the capital. (n/m) (NCFC) - Arganth, Sep 24, 13:46:28
- really? (NCFC) - east of hampstead, Sep 24, 14:00:52
- Several things (NCFC) - Blind Lemon Creosote, Sep 24, 13:51:21
- money questions (NCFC) - east of hampstead, Sep 24, 13:37:35
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