On Mon, 9 Dec 2002 23:21:09 -0600, Bob McElrath
<[EMAIL PROTECTED]> wrote:
>Not quite. Have you watched the recent US Air and United bankruptcies?
>The day after declaring bankruptcy, US Air has almost a billion in new
>investments and their stock price jumped.
>
>The ability to consistently get stuff to orbit or the moon with a
>reusable vehicle is a valuable asset that is not going to disappear if
>you have to default on your loans.
>
>Arguably, declaring bankruptcy HELPED US Air significantly.
>
>If the ship does lift, that's far more important than your debt.
All well and good - for established, going concerns. Are you going to
talk about these things when you're trying to raise startup capital?
-R
--
"Is this a bagel?"
"It's the Guardian of Forever!"
"Well yes. But is it a bagel?"
--Overheard at Loscon 29
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