[PeterPrinciple]

Actually this is a common practice in business. It’s known as a “rollover” or loan renewal. Companies (and Nations) often renew a loan or borrow the amount owed and use proceeds of new loan to retire the old debt thereby keeping the loan current and paying interest only

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It may be proper but remember, we were told in the news they paid off the loan with PROFITS...............

[bert]

sales - cost of goods sold = gross profit (before expense)

There are profits and there are profits.

There are half truths and there are lies

[101voodoo]

I agree the media lied. What else is new and did you really expect the truth from these scumbags after all this time