Two Weeks is a long time in Finance

Finance firm begs investors for time – 17 Oct 2007 – NZ Herald: New Zealand Business and Personal Finance News

It looks like another finance company is headed down the gurgler. Just two weeks ago they were declaring to all and sundry that every thing was fine and their lines of credit were intact.

Now we find that they are up to their neck in doo-doo and sinking further.

It is only a matter of time before they collapse. Begging investors to halt their run on funds is only going to make matters worse.

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