The last week in January I was in a meeting about buying the assets of a company that was in bankruptcy. Three days ago on yahoo I read that the company CCS Medical has now lined up $35 million in new financing from GE Capital. If a bankrupt company with 400 million in liabilities can get that much money to continue operating . Then I have the wrong bankers!!!!
Its stuff like this that makes you think, "swing for the fences" when Warburg Pincus who owns CCS Medical is loading it up with debt then taking it bankrupt. The getting even more money continiue operating after bankruptcy.
certainly GE Capital would be interested in my company that has very little debt and a long operating history and give us access to the kind of capital that these guys have just gotten. I think its time to take a serious run a buying another company and move along the Empire Building process!!
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