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Cenveo Inc. Message Board

  • rotary_iceman rotary_iceman Feb 1, 2013 2:14 PM Flag

    Covenants do not go far enough

    The loan agreement sure does put a choke hold on this POS. Capital expenditures, dividends (what a joke - they do not pay one and haven't for a long while), acquisitions (the game of musical chairs came to an end), etc.

    But, they did not put in place a restriction on salaries, salary increases or bonuses. They simply did not go far enough. My hope is that those restrictions exist, but were not published.

    Way to go Ko-Ko. My first visit back here in a while. Ko-Ko is still deep sea diving - in a race to the bottom - with CHUMP (I mean CHMP) and SR.

    You go Ko-Ko!

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