The best part of this is their admission that they are shortfalling about $18 million. It's already been established that they misreport their surcharges of $10-14 million annually... so they really are pretty close to being a breakeven operation with only the most modest hedge-trimming of $5 million annually. They needed a big dramatic bankruptcy for that? Frucher is so full of crap that his eyes are brown.
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad
A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine
Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans
The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984.
|