See, that's the part I just don't get.
They must have boosted their monthly revenues by several hundred percent, with this new program.
So why is it necessary to suddenly reduce nearly everything to a dead stop?
Because the problem must be THAT bad. It could be worse than we have ever dreamed. If they went to that extent and then went to the extent of ruining their history and standing of never asking for funds, it is bad. Throw in lay offs, closures, and halts, it looks even worse.
Those are drastic moves that scream, "I need money NOW!". It's bad.
We often think they are rolling with cash but we fail to realize their size and expenditure. I believe these guys have been blowing through money at a unprecedented rate. If we take Lett's wording for fact, that the sales of properties are only a few months of expenses, all I'll say is, Holy Crap! They are blowing their income.
There are so many things that could happen in a corporation of that size that could eat up their funds.
If you think they're too big to fall or have too much money, look up the company Enron. It's very possible that a lot of horrible financial decisions started to add up.