LOOKING
AHEAD
COVID – 19 has caused adverse market reactions, temporarily
lowering most business valuations. This is a good time to consider your gifting
and estate plans for closely held businesses. Asterion can prepare a valuation of your business
for this purpose.
Cities face budget cuts.
The Economy League of Greater Philadelphia offers a compilation of information and data that may be useful in the coming months.
Evaluate
financial options for your business now
Given the financial stresses caused by the pandemic, business
owners need to explore
every financial option. While many companies, from retailers to telecoms, may choose the
protections of Chapter 5 or 11, bankruptcy is not always the best answer.
Numerous other
financial options exist.
If you have questions about financial options appropriate
for your struggling business, Asterion can help.
Trends We’re Watching
Will market volatility expose more Ponzi schemes?
Automated arbitrations filings overwhelm company systems.
On
the Lighter Side
Signs of the season: there is science behind the
smell of spring, and New
York ice cream trucks return to the streets despite restrictions.
Some of us don’t care for surprises, but this guy has us beat.
Animals are reclaiming their spaces and getting new jobs doing deliveries and patrolling streets. However, lions and bears are off the clock, apparently. Some critters will even attend your next online meeting (but not in your place). Nature always has a darker side, though. Starving rat gangs and zoo animal death panels are the horror stories we didn’t need.
What’s Puzzling Us
Why are these chains and brands giving out their secret recipes?
What Doesn’t Surprise Us At All
You’re helping scammers if you share your yearbook photo to support the Class of 2020.
Thread Recommendations
Enter the Rube Goldberg handwashing contest. You have until May 31, 2020.
Watch the April 22, 2020 premiere of the Woods Hole Oceanographic Institute film A Window into the Twilight Zone.
Spotlight on Bankruptcy Services
Asterion, Inc. has extensive experience providing consulting services to parties in interest in bankruptcy proceedings.