MRFRIENDLY continues to build his DEMOCRATIC BACK DOOR team for his run for the the White House'
MRFRIENDLY. speaking from his home base in Prunesville Texas stated :" Today, ize is most pleesed to announce additional team members who will assist me in de run for de White House.
MR. ALLEOOPS FHARTZ- SPARKS will head up myze scientific team.
MS. IMA CRACKHEAD will assist in getting out the woman;s vote
" Both of these new team members fully support and endorse the principals of the DEMOCRATIC BACK DOOR PARTY. United wez can prove that politics and back door fun are one and the same.Wez intend to back our way into de Whide House
MRFRIENDLY, in his run for the White House, today announced further appointments to his presidential team.
RHAT FINK was named as MRFRIENDLY'S press sectary.
BLACK TURD was named as MRFRIENDLY'S campaign c-coordinator.
GERRY FITZWILLIAM & WILLIAM FITZGERRY were named as joint chairmen of the DEMOCRATIC BACK DOOR party fund raising and back door fun committee.
MRFRIENDLY said: "These team members bring a great deal of experience to BACK DOOR activities. and they represent the principals espoused by all who believe in cost effective. BACK DOOR type of government."
SURITIES that bond [ troubled ] construction companies operate on the [ erroneous ] basis that they don't have any liability.They charge low premiums and consider their business as simply providing temporary surety credit that is founded upon blue ribbon assets-- only being given to blue ribbon credit risks-- thus, according to the sureties-- they don't have any risks.Of course that is nonsense, but sureties don't want to charge for bonding based upon insurance risk criteria because that would be far less profitable, and also, would allow for much greater competition.
STRL is in such horrific financial condition, that neither the banks nor the sureties will support this troubled construction company . Therefore,STRL will be forced to pledge all assets at fire sale prices to obtain bonding and QUICK NET WORTH is the critical deciding factor. Of course side deals, letters of unrevocable credit, pledges of specific assets against specific contracts etc, can come into play.
The more we look into the STRL situation, the more surprised we are that neither the banks nor the sureties haven't already pulled the plug. We opine that CoAmerica Bank is trying to get out as fast and as much as it can before the roof caves in.The sureties will surely have other contractors in the wings looking over the situation just in case of a sudden collapse. Time will very shortly tell
We have it from a reliable source that MRFRIENDLY is considering running for president using his newly formed DEMOCRATIC BACK DOOR PARTY in the Texas town of Pruneville as his base of operations.
MRFRIENDLY stated on the steps of his office in de HOOD " Weze will form a party of BACK DOOR frienship acrox de entire country. Weze change de way polotisks in dun in this here country.MRFRIENDLY named two key associates to plan his run for the White House -- they are Ben Down and Phil McCavity,
We learn that the police and FBI raided the headquarters of the DEMOCRATIC BACK DOOR PARTY which is located in PRUNSVILLE TX. The took several people into custody including the party leader MRFRIENDLY..We understand that de BOYZ IN DE HOOD did a quick runner when the narcs arrived, leaving MRFRIENDLY to fend for himself.
Bail was set at $111.89, but MRFRIENDLY remains in jail because he can't raise bail. More news as this fascinating case unfolds.
Without adequate bonding capacity STRL is dead in the water.Surety bonds are the life blood of a public works contractors-- BOND CAPACITY is strictly governed by NET QUICK WORTH.--i.e the availability of how much usable unencumbered cash-- not credit lines or bank loans. is available.
As we see it, STRL has already got one foot in bankruptcy-- loans obtained by refinancing construction equipment is a mugs game--financing charges and [ high ] interest , and huge monthly payments will eat up any profits. Another day older and deeper in debt situation
.We are some what surprised that the banks and sureties haven't already pulled the plug. You can be sure they have contingency plans, along with replacement contractors in the wings, and the banks preparing liens on the construction equipment that STRL wants to refinance.
All in all --it's one hell of a mess--
If you respect the Brilliant BRAZILIAN rain forests then stop eating hamburgers at McDonald's et.al. The rain forests are cleared by sub contractors to big US restaurant chains for raising cattle which is then sold for hamburgers to the likes of McDonalds
STRL financial report shows a claimed net worth of $62M--this amount includes a $55M entry for good will, which is essentially a smoke and mirrors imaginary number.
Deducting the $55M from the $62M provides a net worth of $7M. These are STRL'S own numbers!!!!!.
We can't see any way this badly managed financially struggling heavy construction company can avoid the belly up quick sand from it's continuing big time loses.
These horrific financial numbers must be giving STRL'S banks and sureties fits and sleepless nights.
WE like construction companies -- we recognize the tough market in which they are forced to operate-- however,facts are facts--STRL needs a big time capital infusion [ at least $50M ] or a miracle to safely travel the rocky road ahead.
We are pleased to learn that MRFRIENDLY was successful in his campaign to become the Mayor of Prunesville TX
.MRFRIENDLY ran a great campaign on the basis of leading the up and coming BACK DOOR PARTY.Also, his catchy slogan : BEANS , BEANS, DE MUSICAL FRUIT
THE MORE YOU EAT THE MORE YOU TOOT.
caught on with the voters of Prunsville . He was also strongly supported by de BOYZ IN DE HOOD,
"I 'zs very proud to be your next mayor" said MRFRIENDLY, --" we is now gonna show dem BOYZ IN DE HOOD just what ourz back door fun and games partry is alls about"
MRFRIENDLY, he's four hundred and one, pounds of back door fun
He's DEM BOYZ IN DE HOOD go to back door honey bun,
MRFRIENDLY , DEM BOYZ IN DE HOOD gonna have fun wid you tonight
Holidays is DEM BOYZ IN DE HOOD cheapest time to play,
Cause, on holidays, MRFRIENDLY don't make them pay
As FREEBIES he gives his back door services away.
MRFRIENDLY , DEN BOYZ IN DE HOOD gonna have fun wid you tonight.!!!
THE BOYZ IN DE HOOD appreciate MRFRIENDLY. This is what they say about him:
" MRFRIENDLY is number our one,
He's sure our back door kind of fun,
He's our 400 pound back door honey bun
BOYZ is all gonna have fun wid him tonight'
MRFRIENDLY is the BOYZ pure joy
He's our go to 400 pound back door toy
BOYZ is all goona have fun wid him tognight
MRFRIENDLY he is so back door nice,
Dependable, also. for givin you a good price
BOYZ is all gonna have fun wid him tonight
Major important financial issues must be resolved by STRL by the end of June --or that's all she wrote.
STRL must get capital by pawning it's construction equipment, and also, it must come up with $15,000,000.00 to pay down it's line of credit to CoAmerica bank.
It would be nice to see STRL take it's licken, but somehow find a way to keep on tickin.
MRFRIENDLY -- he saiz
" Dem BOYZ IN DE HOOD
There all BUMS--they ain't no good!!!
DEM BOYZ in DE HOOD wanta play
But dem CHEAP BOYZ dont wanna pay"
, MRFRIENDLY is offering a holiday special::
Cause of de memorial holiday,
Price for an oil change is just half today.
One dollar each, and three for two, to take a little crack at my ring-dang-do.!!!!!
FLATULENT FIEND " He saiz -- I don't want no Memorial Day -- I dun had a lotta bad wheeeeeeeelin and reaminnnnnnn--which gives me a lotta BAD DREAMIN.
.I'ze don't want no body memorizin dose evil buggeries deeds dun to my person by dem BOYZE IN DE HOOD, I wuz justa tryin to keep my back door customers satisfied. I'ze had enouf of dem low down free loadin BOYZE cause dems is no payin customers.
FLASHMEBOOTY is in real trouble he is a wanted man-- an FBI all points bulletin is in effect for all southern states for the capture dead or alive. This fowl bird brain is accompanied by an escaped body snatcher going by the vicious trade name of FLATULENT FIEND.
Both are wanted for inexcusable violations of the EPA Clean Water Act-- these noxious nerds are surgical miscasts who are responsible for pollution and defecation into public facilities.Both will face the death penalty is any one succumbs to water born fecal infections
We learn from his proctolligist doctor's report that FLATULENT FIEND is in grave need of a retrofit to his rectumus.
The report states that FLATUENT FIEND has been GRAPPPPPED and GOOOOOSED. He has been REAMEEEEED and CREAMEEEEED. He has been DEALEEEED and WHEEEEELED.!!!! Wow -- this is brutal; punishment for a guy tryin to make a back door livin.
Recognizing the ongoing heavy traffic in FLATULENT FIEND'S rectumus area constitutes his means of income, the report recommends that 3 inch diameter titanium insert be utilized as a retro fit system protective measure.
FLATULENT FIEND says " I'ze needs no mor blockages or stoppages cause that stops my income-- I justa gotta do somethin, and this retrofit will keep my customers satisfied."
We note that VARELLO has been given 612,000 shares of this gravely troubled heavy construction company in lieu of any pay as CEO.
DESPERATE TIMES REQUIRES DESPERATE MEASURES-- it will be interesting to see how this ongoing financial fiasco plays out.
FLATULENT FIEND -- he doesn't trust any short plays.He said: " I'ze anint gonna get me near no shortz plays-- Ize gonna keep my shorzs on-- noze body is a gonna get me no ways to wheeeeeeeeel me agin-- enuff is enuff. I gotta thinks abut protectin my a ruputation.!!!!
I'm a church agoin Southern Christian Baptist man-- weze is allze aout luvin--no waz is we gonna do dat ole Devils wheeeeeeeelin buggery".
FLATULENT FIEND is a victim of his own inappropriate conduct
.He wails" I 'ze bin a bad dreamin caused by a those boyz in de hood who gives me a big time reamin, I' ze a bin dealed and then I wus a wheeeeeeeeeled.I wus a graped --then on a date, I was given some Grey Goose Vodka and afta I'ze passeed out. I wuz GOOSED.
No Sir,I ain't gonna drink on more of dat ole GOOSEY BOZE"
FLATULENT FIEND --he saiz" I ze is havin bad dreamin cause I gotta another reamin.!!!!
He saiz " Mys a treasure booty ain't no bodies business cause reamin is a lotta worse than bad dreamin"