Thread
:
BMW to exit Formula One at end of 2009 season
View Single Post
07-31-2009, 06:16 PM
#
89
Ramos
Colonel
861
Rep
2,897
Posts
Drives: G20 2020 M340
Join Date: Nov 2007
Location: So-Cal
iTrader: (
6
)
Quote:
Originally Posted by
Montoya
When your debt exceeds your assets that defines bankruptcy.
Really?? First off all dude, debt can never exceed Assets on a Balance Sheet unless you have Negative Equity !!!
Bankruptcy is defined when a business is no longer viable as an ongoing concern... It has to do with FUTURE revenues and FUTURE ability to service your debt... Porsche is VERY VERY much a going concern, and nowhere near bankruptcy, they are just playing control games with VW.. It's all in the family anyway... Don't post B/S please
Appreciate
0
Quote
Ramos
View Public Profile
Find More Posts by Ramos