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Unread 02-20-2006, 05:57 PM   #5
Lothar5150
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Join Date: Jun 2002
Location: Surf City USA
Posts: 433
Default Re: Is Swiftech going down for the count?

Quote:
Originally Posted by bigben2k
If Swiftech shuts down, what are the odds that Gabe comes back under another entity? I wonder...
I think the odds are against it. First all of Swiftech's vendors will know the new entity is owned by Gabe and they will likely refuse to do business with the "new entity" if Swiftech goes belly up with debt to his vendors. Further I think Gabe would have difficulty securing a line of credit to restart or investor financing. Obviously if he can't get financing for his current venture he is unlikely to get funding to restart. Personally I think if the 4th quarter earnings are as bad as the last three quarters then 2006 will mark the end of Swiftech as a player.
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