I screwed up by $800K Re: Payroll nosedives in January!
<<Yeah, I noticed that too, and the only explanation that I could come up
with is that the big numbers almost fall on quarter boundaries so maybe
they represent quarterly bonuses, though why anybody at a company in BK
should be getting huge performance bonuses is sort of a mystery. >>
Yeah, the quarterly bonus makes sense for March 2008 and June 2008. If you also assume that they were paying out hush money^h^h^h^h^h^h^h bonuses in October and November of this year, then that you could assume a base rate of $350K/month.
I did fsck up the June 2008 number. It's not 20K but 820K. I can only assume that in trying to put $'s in front of all of my transcribed numbers, I misread the 8 as a $. I wish I could say it's because I'm drunk from still celebrating the BK, but the more likely explanation is that my eyes are likely as bad as many of these other old folks putting Pink Floyd albums on best of lists. (I prefer Animals to Dark Side as an album, though Dark Side has better individual songs.)
also note that they project having cash up to teh end of the
projections in Aug, 2008, so again one wonders why they chose to
declare chap 11 now rather than say, 1 week later after Kimball had
SYNTAX ERROR: MISSING SARCASM TAGS?