Sounds like? From where?

This dude always has the leak on bad news. I believe him.

Yeah as much as I like to bash on ol’ fastback he’s been pretty on point with everything except the furlough numbers so will be interesting to see what tomorrow brings.

yes, where is this all of the sudden coming from?

It really isn’t all the sudden. The company is in big trouble so making moves they feel to be necessary, will be made. They don’t have the luxury to “wait and see”. Not when you are burning cash at their burn rate.

recently though they offered voluntary leaves, and some who applied were not approved. why not approve the LOAs?

Maybe furloughs are better from an accounting standpoint?

Then why reduce the original amount of furloughs?

Maybe Alvarez and Marsal are calling the shots now.

I think at this point, it’s day to day. So anything we were told a week, month, quarter etc ago, it changes.

My guess is the vacancy/displacement bid tomorrow will have an 8-K filed with the SEC too, on the reasoning for the moves.