Why not pursue appropriate financing sources for high-risk turnaround?
December 4, 2008 | Napa Valley, California | Vetting explained
In my opinion, a company turns to the American public for money only by offering products for sale. If that effort fails because the product is not competitive, then you have a turnaround situation. Financing of a turnaround is a high-risk investment, not one suitable for the American taxpayer at this time.
My question: Why are the Big3 not seeking capital from appropriate sources for this high-risk turnaround situation?
Possibly because those investors demand too much of the business??
They should, they take a huge risk.
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