MOBILE NOT RESPONDING TO CUC CREDIT REQUEST...
CUC's ROAD ONLY A CHAIN OF BRIDGES...
IN THE NEWS:
CUC asks Mobil for 60-day credit term: Story Here..
The Commonwealth Utilities Corp. has asked its fuel supplier for an arrangement that will allow CUC to delay payment for fuel for 60 days. Muña argued that a 60-day credit term would benefit not only CUC, but also Mobil. “Both CUC and Mobil have something to gain by immediately implementing credit terms for fuel purchases, which will stabilize CUC working capital needs to address not only fuel purchases but non-fuel costs as well.
One reason Mobile hasn't responded is they still are looking to find just what the advantage would be to them to extend credit to CUC. It seems that CUC is running on a road of bridges. Every time there is a problem they scrape and scratch to cross that bridge only to run into another one every time they turn around. It appears that is what they are doing with asking Mobile for credit.
As of Friday, CUC had yet to receive a response from Mobil about the proposal.
Another reason they haven't responded is..... They can't stop laughing! Imagine asking for credit with CUC's credit rating, which is a big fat ZERO!
As a fellow blogger recently put it, it is like a druggie looking for his next fix. Everything will be A-OK if he can just get the next fix. Then it is start all over again, getting the next fix, crossing the next bridge. A never ending downward spiral.
Wanna bet on the credit request? I'll say... Never happen, how about you?