Global Stick's debt won't be paid anytime soon. Infinity Asset Solutions says Tuesday's auction of the company's assets won't cover its 15 million dollar debt. VP Jason Hayne can't say how much was raised but notes most times an auction doesn't provide nearly enough to cover a company's debts.
Wednesday, February 12, 2014
Auction Won't Cover Debt
Global Stick's debt won't be paid anytime soon. Infinity Asset Solutions says Tuesday's auction of the company's assets won't cover its 15 million dollar debt. VP Jason Hayne can't say how much was raised but notes most times an auction doesn't provide nearly enough to cover a company's debts.
