Thread: Company says it will likely file for bankruptcy if offering fails

Quote: Originally Posted by LCP771 it's my option that this is what yellow wanted to do all along, by filing for bankruptcy then can pull out of the union, cut wages to where "they" see fit, Reorganize the company with out the union, and start to show profites right away.....after all they just "inked" the deal in paru to haul the mine equipment.. Lets watch and see I got some sad news for you. The...

sorry to go off on a rant, but macandb started it and I simply responded. Our Two-Party System has been playing "I'll do more for you" sice the 16th and 17th Amendments in 1916. We've governed as a Marxist-type goveernment of reward-punishment since FDR installed us as a progressive tax/social security system aping the Communist Manifesto (From those with the means to those with the needs) in 1935. Instead of...

Quote: Originally Posted by basscaster46 Watching the saga of yrc is like watching a dying person seek a nonexistent cure. Wake up the fat lady is about to sing. The "cure" is the economy coming back strong! That is certainly not "nonexistent."

Quote: Originally Posted by regular342 Spoken like someone who truly doesn't have a clue. Sure it eliminates 500m+ in debt (which is 1/3 of their debt), but it also does several other things. The successful completion of this exchange would allow the company open access to the existing $106 million revolver reserve and to begin deferring payment of lender interest and fees of approximately $25 million per quarter under its recently...

Quote: Originally Posted by jimmy g sorry to go off on a rant, but macandb started it and I simply responded. Our Two-Party System has been playing "I'll do more for you" sice the 16th and 17th Amendments in 1916. We've governed as a Marxist-type goveernment of reward-punishment since FDR installed us as a progressive tax/social security system aping the Communist Manifesto (From those with the means to those with...

Quote: Originally Posted by jimmy g You're 100% correct on the Cure! Unfortunately, it won't happen with the current Tax and Spend Crowd in Washington. We're at LEAST one more (probably longer) Administration away...... I really feel it won't happen with ANY administration. Our system of government is just too corrupt.

pretty balsy sayin to even say they announcing earnings, becasue #1 there wont be earnings......they are working day to day.....and even of they pass this next obstacle and defer this or that, the bottom line is u still need to make money..and when the 18 months are up..and everyone has their hand out............does this b s start all over again???

Quote: Originally Posted by imovaherenow pretty balsy sayin to even say they announcing earnings, becasue #1 there wont be earnings......they are working day to day.....and even of they pass this next obstacle and defer this or that, the bottom line is u still need to make money..and when the 18 months are up..and everyone has their hand out............does this b s start all over again??? No! Probably issue a bunch more stock and give us 95%...

Quote: Originally Posted by kingfishcafe It doesn't matter what kind of deal yrc gets as long as zollars is still around in the new deal it stated that 7 of 9 people on the board will resign does anyone know if zollars is one of those people???????? As long as $zollars is here there's no hope, if we could get a CEO that we could believe in then maybe we might come back the economy is the least of our problems Zollars has driven this...

I believe Lincoln also printed the first paper money? So if offering fails do they file for bankruptcy December 4th, wait until the 8th, or wait until just before the holidays to avoid paying holiday pay?