Ghetto Buck
Active member
- Joined
- Dec 9, 2001
- Posts
- 41
Is there any truth to the rumer the Vanguard might be ceasing operations?
my Inside sources say that yesterday they came within 3 hrs. of ceasing operations. Apparently they did not get their Federal Loan and the investers are NOT! going to put any more money into it.
The bright side is that their are investers looking into possible purchaseing the assets should the end come.....Seems their business plan is good but their Balance sheet is topheavy with alot of debt and the creditors are as hungry as sharks!
More soon!
my Inside sources say that yesterday they came within 3 hrs. of ceasing operations. Apparently they did not get their Federal Loan and the investers are NOT! going to put any more money into it.
The bright side is that their are investers looking into possible purchaseing the assets should the end come.....Seems their business plan is good but their Balance sheet is topheavy with alot of debt and the creditors are as hungry as sharks!
More soon!