RB- Yup, exactly right. Nature of business is to chase clients to cut checks... problem is... I'm chasing everybody, meaning the original 3. If just one of them paid on time, I would be ok. But to chase the 3 biggest accounts, the only 3 accounts we had at one point is ridiculous.

Term- Yeah been there tried that. Basically after 2000, the previous invoices that weren't paid, I was basically told to go F myself. Parts were obsolete then and no longer used or amendments were made and the parts no longer worked. I even went the collection route to hire ADP for a year for recovery services... They worked at it for 12 months... out of $1.1 mil outstanding, they were able to recover $63K. Far off from their number that they suggested they could recover which was north of $500K. One of the best and worst clients we have really hurt us in the last 5 years. They moved facilities from NJ to Aberdeen, MD. We had a 25 year contract to rebuild landing gears and wing control actuators. The first 10 years of the contract was gravy... When it was announced they were going to move, they estimated 3 month transition time. 3 months turned into 3 years! Three years of no one picking up the phone, no one knowing when operations would start, etc. After they finally got settled, they lost 90% of their contracts, which in turn affected our bottom line. They have just recently started to ship us landing gears and wing controls again, but at a rate of 6 every 2 or so months. We used to get 20 every month at $22K a pop for the landing gears. They good... They always pay in 30 days, the bad... they dragged ass on the new facility and lost most of their contracts. Always something.

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2011 E70 50i M Sport