(Total Views: 491)
Posted On: 03/31/2023 11:03:38 AM
Post# of 22465
LMAO! Here is your break.
Ever since I began posting on QMC boards all I heard was how bad Squires was at running the company
Now comes this opportunity to replace him at the controls with an independent "receiver", a new captain at the wheel.
Some one who is put into place to protect ALL PARTIES,
https://www.investopedia.com/terms/r/receivership.asp
"THE GOAL OF A RECEIVERSHIP IS TO RETURN THE COMPANY TO PROFITABILITY". (in this case achieve profitability and that avenue was laid out in Amber's e-mail)
Ever since I began posting on QMC boards all I heard was how bad Squires was at running the company
Now comes this opportunity to replace him at the controls with an independent "receiver", a new captain at the wheel.
Some one who is put into place to protect ALL PARTIES,
Quote:
A receivership is a court-appointed tool that can help creditors to recover funds they're owed.
It can help troubled companies to avoid bankruptcy.
The goal of a receivership is to return companies to profitability.
In a receivership, the court appoints an independent "receiver" (or trustee) to manage all aspects of a troubled company's business .
For the duration of a receivership, the company's principals remain in place (but they have little authority over the company)
https://www.investopedia.com/terms/r/receivership.asp
"THE GOAL OF A RECEIVERSHIP IS TO RETURN THE COMPANY TO PROFITABILITY". (in this case achieve profitability and that avenue was laid out in Amber's e-mail)
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