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Brown Cafe UPS Forum
UPS Union Issues
TDU Leader bankrupts Local
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<blockquote data-quote="realbrown1" data-source="post: 1574600" data-attributes="member: 46221"><p>Book value isn't shown in LM-2 reports.</p><p></p><p>What is shown is income and expenses.</p><p></p><p>They are spending a lot more than they are bringing in.</p><p></p><p>The only way to balance that kind of over spending is to either sell property to make up the difference or to incumber those properties in loans.</p><p></p><p>Guess which one 952 is doing?</p></blockquote><p></p>
[QUOTE="realbrown1, post: 1574600, member: 46221"] Book value isn't shown in LM-2 reports. What is shown is income and expenses. They are spending a lot more than they are bringing in. The only way to balance that kind of over spending is to either sell property to make up the difference or to incumber those properties in loans. Guess which one 952 is doing? [/QUOTE]
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