The Corporation's board of directors decided to issue convertible notes to
address the cash flow issues, leading to substantial dilution the of common shares held by any shareholder who did not subscribe to the notes.
Legislator Alden Wolfe expressed concern that although the agreement will not add any new expenses to the 2012 budget, the deferral will only
address cash flow issues rather than producing positive savings.
Not exact matches
The state had attributed the previous layoffs to a
cash -
flow issue and appeared to
address it in May when the Public Authorities Control Board approved $ 485.5 million in spending for the governor's Buffalo Billion initiative, but a spokesperson for the comptroller said when they received a request for $ 154 million in payments for the RiverBend project last Wednesday, there were a lot of unanswered questions.
As a consultative ally, Ben assists government clients with economic development projects and in financing equipment and infrastructure needs, solving
cash -
flow problems, and
addressing zoning, subdivision, procurement, and FOIA
issues.