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Reply #10: I understand their frustration, but..... [View All]

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Uben Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-06-08 01:00 PM
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10. I understand their frustration, but.....
....as long as they occupy the plant, it cannot be sold to raise funds for them to get paid. The banks are not to be expected to loan a company in default the funds to pay their workers without any real asset forfeiture or collateral. They (the workers)should be getting a lien against the sale of any assets by the company. That is the only way they will ever get paid. You can bet the banks will be doing everything possible to protect their interests.
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