Audio Research in Receivership.


Papers were filed on Friday. Some say AR’s doors are closed for business. 

aberyclark

Showing 1 response by jetter

I am sure that Mr. Suggs had sophisticated financial analysis prepared by specialist to determine the advisability of purchasing ARC.  For those of you not familiar with the business world this is a mandatory and usual step for ANYONE purchasing a business, from the purchase of a major business to a coffee shop.  And probably the bank would have examined this analysis as well as the company assets securing the loan.

Then on a monthly or at least quarterly basis there would be analysis prepared that compares what budgeted income and expenses were, by major income and expense classes, to determine what is working well and what is not.

Quite frankly, I find it hard to see any light at the end of this tunnel.