[chollida1]

> In all fairness, they should have seen this coming and they should have had more cash on hand.

That may be true for existing business but that is a pretty harsh sentiment to apply to a business just starting out. It's pretty hard to save when you are just starting to grow revenues or when you are even earlier in your business cycle.

[amuse]

Of course it is easy to build cash reserves if you are an established company, but an early stage services company would be hard pressed to work without short term credit.

A world without short term credit looks a lot like the third world. I prefer living here (at least I used to).