Quote:
Originally Posted by tophcfa
I’m well aware that private companies aren’t required to “open up their books”. I had private placement lending specialists reporting to me when I managed the portfolio of a large life insurance company. That being said, not having an obligation to open up their books didn’t keep the private companies we lent to from opening up their books to us. If a company has nothing to hide, they would absolutely be willing to open up their books in exchange for more favorable loan terms. A couple of rules I always followed throughout my career was that I never did business with Companies that shielded transparency and I always ran away when seemingly expedited time constraints were imposed on a transaction. TVH appears to be taking evasive actions regarding transparency as well as pushing very hard for an expedited sale. Two huge red flags!
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Perhaps you knowledge can inform my lack ? Who would buy a failing business without examining the books ?