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04-02-2020, 02:14 PM | #15571 | |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Quote:
Un-****ing-stupidly-believable! |
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Posts: 129,612
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04-02-2020, 02:14 PM | #15572 |
Hockey Town
Join Date: Apr 2005
Location: Kansas City, Missouri
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Posts: 112,849
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04-02-2020, 02:15 PM | #15573 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Posts: 129,612
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04-02-2020, 02:15 PM | #15574 | |
I'll be back.
Join Date: Nov 2002
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Quote:
You don't save a little money every month, you might be up shit creek when the toilet flushes. |
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Posts: 287,478
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04-02-2020, 02:15 PM | #15575 | |
Sauntering Vaguely Downwards
Join Date: Sep 2005
Location: Columbia, Mo
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Quote:
We haven't made any additional layoffs over the last 2 weeks after our first little kick. We made it through payroll yesterday needing to burn off about $30K in LOC space, leaving roughly $220K. We also covered our health insurance premiums for the next month. Our major loan/rent payments have been reduced to interest only. Keep limping like this and we have 7-8 payroll periods? That's 14-16 weeks. It's not nothing. Now we still fully expect additional contraction in revenue but even if it's chopped in half (and for the love of god, government, stay out of our way on this one - they're the last folks that can really shut us down), that gives us 8-10 if we have a little bit of a coasting period. If we can continue to keep our people paid, we'll have done some serious yeoman's work to get them through this while waiting for any stimulus to arrive. And a lot of businesses are in the same boat as us. Private industry is straining to make this work as well as we can. And ultimately it'll come down to us to keep things churning because I don't imagine the federal response will be quick enough to do it on its own. And the way the banks can extend that runway substantially is by quickly and smoothly navigating the PPP program so we can be even more confident in our ability to retain staff and not exit this cash-poor and unable to re-start if things turn around. |
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Posts: 62,905
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04-02-2020, 02:16 PM | #15576 |
Supporter
Join Date: Mar 2003
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Posts: 17,131
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04-02-2020, 02:17 PM | #15577 |
In Search of a Life
Join Date: Jul 2009
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I take it you're pretty furious that the government bailed out all these big companies that didn't follow your code here?
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Posts: 82,644
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04-02-2020, 02:17 PM | #15578 | |
Sauntering Vaguely Downwards
Join Date: Sep 2005
Location: Columbia, Mo
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Quote:
And that THEY'RE the ones being unreasonable? Okay. |
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Posts: 62,905
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04-02-2020, 02:17 PM | #15579 |
Inmem 2.0
Join Date: Aug 2007
Location: My house
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Posts: 76,463
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04-02-2020, 02:18 PM | #15580 |
New and Improved
Join Date: Mar 2002
Location: Springfield, Mo.
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Posts: 21,957
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04-02-2020, 02:18 PM | #15581 | |
In Search of a Life
Join Date: Jul 2009
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Quote:
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Posts: 82,644
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04-02-2020, 02:18 PM | #15582 |
Life is changing..
Join Date: Jul 2012
Location: NW Missouri
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Posts: 40,941
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04-02-2020, 02:19 PM | #15583 |
New and Improved
Join Date: Mar 2002
Location: Springfield, Mo.
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Posts: 21,957
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04-02-2020, 02:20 PM | #15584 |
Sauntering Vaguely Downwards
Join Date: Sep 2005
Location: Columbia, Mo
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I'm sorry - I get putting people on blast for going to the park because it's nice outside and they want to see their friends.
But if someone I care about dies and a funeral is held, I'll consider that as important as going to the grocery store and no greater risk. Especially when its outside. At some point you have to allow people their humanity. For many that is a fundamental element of the grieving process and to call them 'stupid' for it is robotic. |
Posts: 62,905
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04-02-2020, 02:20 PM | #15585 | |
Inmem 2.0
Join Date: Aug 2007
Location: My house
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Quote:
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Posts: 76,463
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1 0 |
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