https://www.hometextilestoday.com/financial/bed-bath-beyond-rakes-in-more-cash-to-fund-turnaround-plan/
5 replies (most recent on top)
They are, in effect, using the Mastercard to pay the Visa bill.
$135 million just about matches the the average monthly cash burn rate in the last quarterly report. That money is already spent.
Rakes in cash that is immediately gone to pay just some of what they owe.
So Gove can give you severance now?
Say anything to gild the parachute.