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Ken Burnside on how screwed Asmodee is
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<blockquote data-quote="Thomas Shey" data-source="post: 9332997" data-attributes="member: 7026617"><p>Its not <em>exactly</em> moving it around. Its more of a robbing Peter to pay Paul situation.</p><p></p><p>Basically, they took out a loan using Asmodee as collateral, and used that to pay down their own debt. That means they have a much easier time paying off their core debt, and if there's a problem, Asmodee has the bag.</p><p></p><p>The closest analogy I can give is, you own two houses, one you live in and one your brother lives in. You take a loan on the second to pay off the first, and because of the way business debt can be siloed, if you can't pay off the second, only your brother's house gets sold.</p></blockquote><p></p>
[QUOTE="Thomas Shey, post: 9332997, member: 7026617"] Its not [I]exactly[/I] moving it around. Its more of a robbing Peter to pay Paul situation. Basically, they took out a loan using Asmodee as collateral, and used that to pay down their own debt. That means they have a much easier time paying off their core debt, and if there's a problem, Asmodee has the bag. The closest analogy I can give is, you own two houses, one you live in and one your brother lives in. You take a loan on the second to pay off the first, and because of the way business debt can be siloed, if you can't pay off the second, only your brother's house gets sold. [/QUOTE]
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