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| Re: Millennium debt deepens (161615) | |||
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Re: Millennium debt deepens |
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Posted by RailBus63 on Mon Aug 24 21:51:42 2009, in response to Millennium debt deepens, posted by busfreak99 on Sun Aug 23 12:55:19 2009. Let's face it, folks - Millennium is on life-support and needs a miracle to survive. If banks are unwilling to lend money to strong businesses with solid histories and promising futures, what are the chances they will give money to a company that cannot get its business going and whose chief product (a high-floor bus) is all but obsolete?IMO, their only realistic chance to survive would be if a large corporation with deep pockets came along and decided it needed to buy a North American transit bus manufacturer. Even so, they would probably seek to buy a more established company like NABI or even New Flyer from its investors rather than a company whose low-floor design exists on paper only. |
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