BILL LUMBERG
Well-known member
- Joined
- Apr 10, 2005
- Posts
- 2,074
The article I saw indicated Cerebus Capital was the major lien holder on World and refused to offer additional financing. North American is undergoing evaluation by the same beancounters (yes, NA is owned by the same holding company as World).
With the drawdown in the sandbox and the evaporation of government contracts, I fear for North American's future as well. Sad.
I love this PROFESSION but I hate this BUSINESS.
Well put,
As one Buddy told me before he hit the silk leaving there..."peace is breaking out and we got nothing else"
Best of luck to them