Originally Posted by
WHACKMASTER
Au contraire! Top Hat money can be theirs if things got bad enough and they declared bankruptcy. That’s a pretty doom & gloom scenario but I’m just playing devils advocate.
To look at this scenario through very bullish glasses, perhaps they don’t want to give early outs (just yet) so that when things come roaring back they’ll have the man power and MAXes to really grab some extra market share. I don’t know. Crazier things have happened in this industry.
Yeah I totally get the Ch 11 scenario. I should have put that out there. Lots of guys put money in top hat back in the day thinking that could never happen. It is a line item on a balance sheet, so it is fair game.