DoctorD
New member
Why do the Prout and Rival Bowman websites not indicate that the companies are in financial trouble?
Boat builders going bankrupt
- Thread starter DoctorD
- Start date
G
Guest
Guest
wood you?
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Twister_Ken
Well-known member
Prout is apparently a going concern, albeit a different going concern than it was a month or two back. It has been reported that the succession of Prout Mk I to MkII didn't smell entirely sweet.
billskip
Well-known member
Surely Symbol its wrong to not say if your trading situation is such that you customers are at risk investing money..would you like it if you sent money and lost it??
Bill
www.aegeansailing.co.uk
Bill
www.aegeansailing.co.uk
tcm
...
Re: Nope, can\'t do that...
There's always a risk if you part with money before the goods are supplied. You can evaluate that risk using companies house, or providers of financial analysis such as Dunn and Bradstreet. Fraidf the idea that compnaies must declare the risk is unworkable.
"We'd like to announce that we've developed a better mousetrap. This has fabulous features such as x and y and z, making it clearly a better product. In tests, it caught five times as many mice as the next best product. Send £10 for you mousetrap. ......Please note, we're a new company, have mortgaged our houses to try and make this business work, which we think it should, but the fact is that we are overdrawn at the bank to the tune of £50grand, so although there should be no problem in sending you your mousetrap, the bank could technically foreclose after we've banked your cheque but BEFORE we send you your goods, just thought that you ought to know..."
There's always a risk if you part with money before the goods are supplied. You can evaluate that risk using companies house, or providers of financial analysis such as Dunn and Bradstreet. Fraidf the idea that compnaies must declare the risk is unworkable.
"We'd like to announce that we've developed a better mousetrap. This has fabulous features such as x and y and z, making it clearly a better product. In tests, it caught five times as many mice as the next best product. Send £10 for you mousetrap. ......Please note, we're a new company, have mortgaged our houses to try and make this business work, which we think it should, but the fact is that we are overdrawn at the bank to the tune of £50grand, so although there should be no problem in sending you your mousetrap, the bank could technically foreclose after we've banked your cheque but BEFORE we send you your goods, just thought that you ought to know..."
tyger
New member
Re: Nope, can\'t do that...
But that is just what companies that want public listings have to do. In the States the SEC insists on it and there are shareholders' groups and legal sharks just waiting for the chance to sue the pants of you for non disclosure. The CFO bends over backward to think of everything that could go wrong.
Hint: perhaps consumers should only buy from companies that are about to go IPO.
But that is just what companies that want public listings have to do. In the States the SEC insists on it and there are shareholders' groups and legal sharks just waiting for the chance to sue the pants of you for non disclosure. The CFO bends over backward to think of everything that could go wrong.
Hint: perhaps consumers should only buy from companies that are about to go IPO.
G
Guest
Guest
Re: Nope, can\'t do that...
Tyger.............ENRON
Tyger.............ENRON
tyger
New member
Re: Fred Drift Enron
Yup. In that case lots of people lied and may well face criminal charges - pour encourager les autres.
Yup. In that case lots of people lied and may well face criminal charges - pour encourager les autres.
