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Old 07-18-2003, 06:03 PM
  #11
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Maybe the f-in lawer will chime in but, explain to me what consideration could have been given by Merc to guaranty a note? Being the largest debt holder would not be it and I am pretty sure B of A would know a guaranty is no good w/o consideration.

When a company owes you a ton of money the last thing you want to do is committ to pay off a bunch more of their debt. I will say a guarantor can not be persued until the borrower has been liquidated and a loss incured. Loan Guarantys are fraught with risk on both sides, plus we do not know the extent, is it limited? unlimited? A secured Guaranty? I guess some of the consideration could be that Brunswick got some back money owed to them in exchange for the guaranty.

The statement read "current liabilities" which are normaly paid from "current income" not long term debt, so maybe this was brusnwicks consideration???
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Old 07-18-2003, 07:11 PM
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Who knows? Who Care's? Lets Just all have good and safe time..
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Old 07-18-2003, 09:16 PM
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They seem to be doing very well; I called a couple months ago in referece to 16 Patrol boats and spent a while looking at time frames and they were very busy then.

They are the largest High-Performance builder in the world I would Imagine..
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Old 07-18-2003, 10:05 PM
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Quote:
Originally posted by Sydwayz
Bajas with beaks for 2004?
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Old 07-18-2003, 10:46 PM
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You know I must of got that from the Beak guys Huh !! But Reggie does have an ISO 9001
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Old 07-19-2003, 06:06 AM
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ISO9001 is a standard by which a company operates and it is a very high standard at that. It's also very hard to get. Or something like that.....wording may not be precise but you get the general idea.
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Old 07-19-2003, 10:23 AM
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Baja and Formula also have ISO9001 status.

Believe me, it's pretty stringent. I have to deal with ISO audits pretty regularly in my engineering department. Sure, we are kept to the aerospace standard, but nonetheless, I'm sure it's similar.

It impliments a stringent series of standards which a company must adhere to and routinely prove through engineering, workmanship, quality assurance and tracking.
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