First of all this is a honest question and not a try to bash XO at all, so I hope for some serious replies.
With the turmoil in the financial world taking another turn for the worse how, if at all, with this affect XOJet? We all know that they last year were backed by Lehman among others, and as I understand the financial institutions are/were big clients at XO.
I'm in the early stages of learning about the markets so not sure how it all works. The money that Lehman put into XO was that an all at once injection or something happening over time? If over time, obviously that is money that will never reach XO.
By the way, I understand XO is not the only affected company but they do seem to have a bigger exposure to this than the others.
Thanks for educational replies.
FZ
With the turmoil in the financial world taking another turn for the worse how, if at all, with this affect XOJet? We all know that they last year were backed by Lehman among others, and as I understand the financial institutions are/were big clients at XO.
I'm in the early stages of learning about the markets so not sure how it all works. The money that Lehman put into XO was that an all at once injection or something happening over time? If over time, obviously that is money that will never reach XO.
By the way, I understand XO is not the only affected company but they do seem to have a bigger exposure to this than the others.
Thanks for educational replies.
FZ