Kevin,Re:" How do you roll over debt??" . I am soooo glad you asked
because I was soooo anxious to answer that question:
Here's how:
You walk in the bank where young hot shot
from Wharton is sitting behind brand new
mahogany desk and say:
"Listen sonny I am Gary ( Wendt ) and have made
General Electric the No 1 company in the World in
the last 10 years and I intend to do the same for
CNC and here is how. ( Shows him the plan ).
If young man balks, Gary continues,
" and I also know a whole bunch of folks
that have money in your Bank,
and do business with your Bank, and
who are now invested in CNC,
( one of them called GECapital, ) and who,
unless you roll over my debt,
they will pull their cash and business out out
of your Bank and you will have a lot of
explaining to do to your Board and shareholders.
Thank you son,
Gary Wendt,
over and out.
----------------
That's one way Kevin, see?
However, Kevin, there are other ways too.
How many?
Here, looki this Kevin!!:
Message 14023303
"Mr. Wendt keeps making deals even on the golf course.
"He'll have 42 different side bets that are more complicated
than some project-finance investments,"
says David Nissen, who leads GE Capital's overseas
consumer lines.
"By the 18th hole, I have to get out my H-P calculator to
figure out how much I owe him."
cheers Kevin
TA@Lookin'AtGaryPlayingGolf.Com
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Message #1804 from Kevin Podsiadlik at Jul 13, 2000 9:19 AM
Tuna:
Since you chose to highlight that one post from RB... could you answer me a question?
As for the debt maturing in September, these are bank loans, no? It would not surprise me to see him convince the institutions to just roll them over.
How do you "just roll over" a large debt payment when your senior credit rating is down in the low BA range? Or is Moody's part of the short conspiracy, too (which was why they had to be excluded from that super-secret information meeting yesterday)?
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