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Old 25th Jul 2016, 12:04
  #16 (permalink)  
nowherespecial
 
Join Date: Jun 2005
Location: nowhere special
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This SA article is as bad as the CHC one a few months ago with one crucial distinction: CHC was badly managed by people who believed their own hubris, BRS seems (emphasis on the appearance from the article) to be nakedly dishonest. If BRS end up in front of the same judge in Texas as CHC (entirely possible) looking for Ch 11 protection in the future, the Judge might not be so helpful.

The comments on UK SAR echo what I have heard before, including that BRS' deal captain left BRS shortly after the deal was concluded as mgmt were confused at how they'd ended up taking the contract at tiny if not negligible rates of return.

This is going to be a wild ride.
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