Jenuall wrote:Yep shocking stuff, these banana splits should be taken for all they've got.
There's loads more of this gooseberry fool going on at a lower, more insidious level as well - so many old pubs getting bought out by developers who have to prove that they don't work as a business anymore so they can apply for a change of purpose for the location so they deliberately mismanage them and run them into the ground so they can do this kind of gooseberry fool.
This and running businesses as a "going concern" and then deducted the losses for the shell of a business from the profits of another subsidiary of the company that owns the company they bought that originally owned the business.
And that but fraud to claim coronavirus support grants.
Oh and putting people in untenable positions after axing 90% of staff so that you can wait for someone to get ill or fail at "their job" (the job of 5 people) to sack them, or accept dreadful redundancy packages that are the best the department/company can afford due to unfortunate circumstances, then blackmail them if they don't take the conditions by threatening worse severance or a poor reference or total lack thereof due to mysterious circumstances, ensuring they won't find employment any time soon because they are buried in bills or can't get a reference.
Loss making businesses are great for millionaires and billionaires (the amount of VC funded "unicorn" businesses is insane), where even if they were to lose money on paper it will represent a tiny, meaningless fraction of their overall wealth, that is itself several and quite possible hundreds, thousands or even million times more than they would ever need to live comfortably for 1000 years.
"Investors" will do everything possible to ensure the liquidity of their assets and lining up of their retirement/cash-out (wealth management) plans, so anything that might involve a modicum of effort in order to find a buyer is a big no-no, like, having a lopsided pub in it.