Originally Posted by
DirkDiggler9999
In the current predicament, operational performance needs to be perfect all the time. Time is running out. NK needs to show creditors and any potential buyers that it can be a stellar performing company. That has not happened over the last two weeks when it needs to happen. Nobody has made a move to buy and performance has not been good overall. These are two things that the next DIP payment requires. Crossing fingers that NK will survive the next 30 days.
it’s hard to perform in that fashion when you trim every dollar from the operation that you can and then you cut front line employees pay during the holiday season when most of them think they’re losing their jobs anyways.