Quote:
Originally Posted by golfing eagles
If there were significant cash distributions along the way, and if there was significant "overbilling", that is a huge issue apart from cash flow. Forensic accounting will tell.
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Distributions in the form of paying off debt according to the reporting. UHC and perhaps FB characterize it differently.
But my point was simply that if:
- TVH distributed cash reserves that it had with the understanding that future cash flows would be high;
- TVH discovered an error which not only reduced cash flows but raised the potential for a significant additional debt; and,
- UHC is now withholding reimbursements to TVH
then that supports a TVH claim of a cash flow issue today.