News from Saabs United.
I was allowed to listen in to a telephone conference between the US suppliers and Victor Muller tonight. What I can say is that they have a course of action and to me, it sounds extremely positive.
I also learned that there might be some very important news regarding the short-term funding very soon!
Victor made note of a previously announced fact that has been underreported – that Youngman has been preselected to make a deal with Saab by the NDRC. This makes the process of gaining the necessary approvals considerably easier.
The repayment plan is generous and flexible for suppliers, and while I can’t reveal specifics, it gives them a concrete idea of when to expect full payment for receivables, plus overdue interest.
