Quote:
Originally Posted by Ch28
Exact figures of how much debt NCIX is in, how long they've been in debt, etc, are going to be impossible to find out, because those details are of course confidential and only NCIX (and I guess NCIX's bank) knows exactly how deep they are. I've heard rumours of anything from $2m - $20m+.
|
Quote:
Originally Posted by twitchyzero
reason: below cost
|
When one company slips, they lose their purchasing power and it goes down from there. Even if their debts are paid off, the clients won't come back. Really sad. The rumors 2-20 Million is not even close...
The reason it's below cost because vendors provide MAJOR back ends to subsidize the front end. 11+ yrs ago, the biggest check my teammate gave to a local BC company was $400,000 (from 1 vendor).