- Credits
- 535
Yea... I don't know what I was talking about...
Maybe Hoffa is hoping the CSPF will dissipate before that date or he was hoping in the beginning there wouldn't have been any resistance from the participants back in 2014 concerning the proposed MPRA or now law.Dont want to kill the cash cow of YRCW now would we?I can hear it already...."We will be glad to extend that loan due in 2019 until 2022 if you get your employees to agree to extend the concessions....REMEMBER....YRC has to pay CSPF $100 M on 12.31.2019.....connect the dots.
I can hear it already...."We will be glad to extend that loan due in 2019 until 2022 if you get your employees to agree to extend the concessions....REMEMBER....YRC has to pay CSPF $100 M on 12.31.2019.....connect the dots.
The 100M is the money owed during the 18 month period that nothing was paid to CSPF...$100 M does absolutely nothing to shore up CSPF. It is a pittance much better spent distributed directly to YRCW retirees and present employees, alike.
(It's not gonna happen, but REALLY? Dumping small amounts of cash into CSPF is like putting a new motor in a Yugo!)
The 100M is the money owed during the 18 month period that nothing was paid to CSPF...
Using that dam PTS is the cause of all this!!Loan is just a of delaying repayment and kinda funny them telling Banks going to make BIG money !!!!And maybe this is a SIGN the old greedy yellow pig is running out of money again
Hey Ernie , does this Loan have anything to do with the new COO ???? sure greedy yellow pig is telling bank-fools that the new COO will make BIG money for the old yellow greedy pig !!Does Ernie Soehl Have a Plan for Freight?
http://www.tdu.org/does_ernie_soehl_have_a_plan_for_frieght
http://www.tdu.org/news_central-states-extends-yrc_e2_80_99s-100m-debt-till-2019Still, so to speak,
'Lipstick on a pig.'