Posted On: 07/22/2016 12:12:21 PM
Post# of 1873
Agreed. They managed to get their selves in a bad spot with their debt. IFCR came in and took over, restructured their debt and refinanced and replaced old equipment. The new gear plus debt restructure allowed Smith to then turn a profit. Now they are acting like they don't need IFCR. Hopefully there is a buyout clause and they can jump on it and go away.
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