Dan Packer
Dan Packer
bills cash intend issue needed pay timing
It's a timing issue for us as much as anything. We just needed a cash infusion to pay our bills immediately. We intend to pay everybody.
asking
We're not asking for a handout here, we're asking for an investment.
cash continue goal immediate
We have an immediate need for cash because our goal is to continue the restoration effort.
assuming people
Were assuming that people want to come back to something with some value.
avoid continue critical needed rate severe trying
We thought it was critical to continue our restoration efforts. We really needed to be able to do something that would avoid severe rate shock. That's what we're trying to do.
We thought after a lot of deliberations that this was the way to go.
expecting meeting worst
We were expecting the worst and I think it's meeting those expectations for us at this point.
business central city confident district lit rest tonight
I feel confident that a part of the central business district will be lit up tonight and the rest tomorrow. As the city drains, we're going to get fixing.
I feel pretty comfortable that we'll get there.
chance good rate seeing shock
I think we have a good chance of seeing some of that money. That would ameliorate the rate shock that could come from this.