Thread: Mesa
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Old 09-07-2014 | 02:24 PM
  #2977  
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prior121
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Originally Posted by RV5M
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Originally Posted by prior121


Re-Read your recent press releases.





That's not cash. It's a draw loan. Hence my previous reference to it as a "credit card". You're right, if they had $30m cash to spare, it'd be easy to finance a few aircraft. From the little I saw, though, Mesa wasn't in a particularly strong financial position.
That's how business works. You use that as cash for a larger loan.