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[Katrina Oniseki]

Kat Kat... Ishukone is no longer the flat-broke Mega. :3

OMG!!!

Thank you for pointing that out to me. ♥

[Pieter Tuulinen]

Kat Kat... Ishukone is no longer the flat-broke Mega. :3

OMG!!!

Thank you for pointing that out to me. ♥

Buddy can you spare an iskie?

[Katrina Oniseki]

Kat Kat... Ishukone is no longer the flat-broke Mega. :3

OMG!!!

Thank you for pointing that out to me. ♥

Buddy can you spare an iskie?

Of course, dear. Applications for I-RED are located at our field HQ in 98Q-8O. See you soon!

[Aelisha Montenagre]

Well, this certainly looks good for Sukuuvestaa, so long as these times of financial hardship for Kaalakiota don't turn into the Greek bailout fiasco of IRL, leaving any cross corporate loans defaulted.  The way i see it, the other seven gain little of KK falls, but much if KK is indebted to them to the point of reviewing their leadership/ownership so as not to default on their State obligations. 

[Makkal]

KK being broke is bad for the State. These aren't just companies, they're also strange nations. Does the State see a difference between a laid-off employee-citizen and a fired employee-citizen?

Though part of me wonders if they'd be willing to sell their debt to the Kingdom.

[hellgremlin]

If Tibus Heth is Caesar, does that make Vuld Haupt the second coming of Christ?

Oh man, I hope Eve isn't just a sci-fi retelling of the bible :p

[orange]

KK being broke is bad for the State. These aren't just companies, they're also strange nations. Does the State see a difference between a laid-off employee-citizen and a fired employee-citizen?

Though part of me wonders if they'd be willing to sell their debt to the Kingdom.

The State already sold its debt to the Empire about 5 years ago.

[Lyn Farel]

Caldari Empire incoming, Heth eats all the megas :3

[Makkal]

KK being broke is bad for the State. These aren't just companies, they're also strange nations. Does the State see a difference between a laid-off employee-citizen and a fired employee-citizen?

Though part of me wonders if they'd be willing to sell their debt to the Kingdom.

The State already sold its debt to the Empire about 5 years ago.

The State isn't KK.

[Svetlana Scarlet]

At this point, I can't imagine anyone wanting to buy KK's debt. The only reason to do that is if you think it will be repaid -- and if their business plan is to keep pouring money down the black hole that is the CPD, I can't imagine anyone sees some sort of return on their investment. If they can't make debt payments to CFU, that is not going to be good for them. Depending on how vindictive the other megas are feeling, a CFU "repossession" of KK assets could get very bloody indeed.

On other words...ding-dong, the witch is dead. Let the feeding frenzy begin.

[orange]

KK being broke is bad for the State. These aren't just companies, they're also strange nations. Does the State see a difference between a laid-off employee-citizen and a fired employee-citizen?

Though part of me wonders if they'd be willing to sell their debt to the Kingdom.

The State already sold its debt to the Empire about 5 years ago.

The State isn't KK.

No, but KK was likely a major beneficiary of those funds.

[Makkal]

At this point, I can't imagine anyone wanting to buy KK's debt. The only reason to do that is if you think it will be repaid -- and if their business plan is to keep pouring money down the black hole that is the CPD, I can't imagine anyone sees some sort of return on their investment.

That assumes Heth and the CPD will continue to exist and be in charge of KK. I don't think that's likely at this point.

If they can't make debt payments to CFU, that is not going to be good for them. Depending on how vindictive the other megas are feeling, a CFU "repossession" of KK assets could get very bloody indeed.

On other words...ding-dong, the witch is dead. Let the feeding frenzy begin.

Which is why KK has a large incentive to sell its debt to someone outside the State.

[Ulphus]

Which is why KK has a large incentive to sell its debt to someone outside the State.

That sort of requires someone else to think that buying it is a good idea. As I understand it, they're basically refinancing, by taking money from the people they're "selling" their debt to, and giving it to the people who currently hold their debt.

The only way I'd buy their debt is if I was getting a pretty good discount, or a over-the-odds return, since I'm not convinced they'll be able to pay it back. If KK can't get more than they need to pay back their current debts, then it doesn't solve their problem. The political cost of owing the other mega-corps favours might be less than the cost of having to pay over the odds for debt outside the State.

[Makkal]

Why would you think they wouldn't be able to buy it back? It's a megacorp that's existed for several centuries and is one of the largest and most powerful in the State.

That would probably be a good RoE for the Kingdom as I assume its planetary currencies are worth less than KK's.

[orange]

Kat Kat... Ishukone is no longer the flat-broke Mega. :3

OMG!!!

Thank you for pointing that out to me. ♥

Which may be because they received a Roden Shipyards/Federation backed bailout -