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re: Appeals Court Cuts bond to 175 Million and extends time to pay(10 Days)

Posted on 3/25/24 at 10:31 am to
Posted by No Colors
Sandbar
Member since Sep 2010
10519 posts
Posted on 3/25/24 at 10:31 am to
quote:

Still may not be able to find someone willing to cover $175m as a bond.



He testified under oath that he had over $400 million cash on hand over 6 months ago and said it was growing substantially every month. So if that's true then he should be able to wire out $175mm without crippling his ability to operate his business
Posted by teke184
Zachary, LA
Member since Jan 2007
96536 posts
Posted on 3/25/24 at 10:34 am to
Why tie up all your liquidity with a bullshite court case if you can get a bond? Or if you can shame them into continuing to lower the threshold?
Posted by Feelthebarn
Lower Alabama
Member since Nov 2012
2449 posts
Posted on 3/25/24 at 5:38 pm to
You have no idea how big business works. Best to be silent when you're clueless
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