Robbing Peter to pay Paul?

This information might explain the severe cost cutting measures that CAS has been following!


"Covenant has assigned all revenue to a third party at both SFO and Sioux Falls. (assignment of claims)

Some firms advertise it as a service to provide cash flow, although in theory it could be a creditor demanding payment.

So now Covenant has to cover the cost of financing, increasing the need to cut corners."