Purchasing Fountain Powerboats
#224
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Joined: Jan 2004
Posts: 5,325
Likes: 112
From: Northern NY
#226
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Joined: Apr 2009
Posts: 88
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From: Dubuque, IA
#227
"On Monday, Oxford Investments purchased a $19 million Regions Bank note at auction for $6.75 million. The judge says Fountain must now make monthly payments of $29,375 to Oxford to pay off that note."
Does Fountain pay Oxford 6.75m or 19m?
Does Fountain pay Oxford 6.75m or 19m?
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Some people are like Slinkies - Not really good for anything, but they
bring a smile to your face when pushed down the stairs.
Some people are like Slinkies - Not really good for anything, but they
bring a smile to your face when pushed down the stairs.
#228
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Joined: May 2007
Posts: 259
Likes: 1
From: Italy
#229
Today he said the company is down to about 30 workers.
So he is paying Oxford nearly $30,000 a month, and around 30 workers. So if they made around $1200 a month, thats another $36,000, plus operating expenses (utilities, materials, etc). I guess he is counting on a few homeruns every month. He didnt even get to first base with the Baja line.
#230
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Joined: Jan 2006
Posts: 523
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From: Jupiter FL
I think oxford won they get moeny every month and if he cannot pay the payments they get it anyway on top of the fact they hold the note so they can walk through and make sure their stuff is still there anytime they want




