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re: Producer Ken Davenport on the closing of GETTIN' THE BAND BACK TOGETHER
Posted by: Ann 09:49 am EDT 09/02/18
In reply to: re: Producer Ken Davenport on the closing of GETTIN' THE BAND BACK TOGETHER - ryhog 12:44 am EDT 09/02/18

Thanks, in previous threads it was not clear to me (and maybe that was my fault), how you could say it would not make money, when it wasn't showing any signs of closing and the avg ticket price was good. As you, it looks like the numbers never worked (though it may be a success on other levels).
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re: Producer Ken Davenport on the closing of GETTIN' THE BAND BACK TOGETHER
Posted by: ryhog 10:02 am EDT 09/02/18
In reply to: re: Producer Ken Davenport on the closing of GETTIN' THE BAND BACK TOGETHER - Ann 09:49 am EDT 09/02/18

It was a success on other levels certainly. BTW, if you look at the situation week to week, it is actually quite a bit worse because there are many weeks (like this past week) in which there has been significant negative cash flow. Although early on there is likely reserve to cover this, that reserve doesn't last forever, and once it is gone, the production would have to get priority loans. That adds an interest expense that was not budgeted, and the effect is similar to people who get in financial trouble and start using credit cards to stay afloat.
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