Aegis Consumer Funding Group (ACAR) Message Board

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Non-Tech : Aegis Consumer Funding Group (ACAR)

ACAR 0.500

0.0%

Jul 16 5:00 PM EST

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To: Fair Field who wrote (6)	2/3/1998 1:24:00 PM
From: (Bob) Zumbrunnen	Read Replies (1) of 21

I've been thinking for a long time whether or not to write this post, but have finally decided it's okay. The information I'm posting is known by quite a few people anyway, who may or may not be shareholders. I am no longer working with ACAR, although I might be at some point in the future. I quit working when the invoices started getting paid later and later. It was obvious the company was very strapped for cash. I talked to other vendors, who were seeing the same thing. Well, I finally got paid last week for the last of my invoices, which had been submitted in November. Included with the check was a letter apologizing for the delay. No mention was made of tight funds. Other vendors with whom I've spoken have reported the same thing; that ACAR has suddenly started paying everybody. I believe that the company was very strapped for cash recently, and has come up with some serious funding somewhere. I have no idea how much or how. All I know is that they couldn't pay their bills, and now they can.

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