Sunday, June 28, 2009

The Skylight's financial insolvency

Well, Tom Strini has given us another beautiful article.

http://www.jsonline.com/entertainment/musicandnightlife/

It's hard not to just sigh really loudly when reading this. When will these forums for discussions begin? I don't understand the whole notion of Skylight having a $700,000 credit line, $400,000 outstanding, and they are looking at a $200,000 deficit next year making them insolvent? Granted, no one wants to carry around that much debt, but if you still have $100,000 in credit available to you, how does that make you insolvent?

I think Miller and Hefty are trying to snow us with numbers. We have been assured that combining the MD and AD job was never in the works, but then how does the idea to do that appear out of no where? Please call Eric Dillner, Suzanne Hefty, and Howard Miller. Ask them who's idea this was in the first place. I think it's important to know.

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