Reply to "DeTomaso Factory in liquidation - 5/27/04"

The web link to the Italian news article that was posted earlier, I sent that link to a friend of mine who lives in Italy (an American who has learned Italian over the past 4 years of living there) to translate. This is what he said:

"Don't know where to begin because a total translation wouldbe quite long.
Anyway I am sure that you understood that they are going to liquidate the
company following the metting of the borad which was supposed to be held in
order to agree upon an increase of capital and look at the possibilities of
further development. Anyway it would appear that the company is in good
standings financially and they have been working on new projects. The
Manging Director said he would be trying everything in order to keep their
entire project/staff together and be looking to find another solution other
than liquidation, which he believes may casue them to lose their highly
specialized employees/technicians. They say that the company was put in
liquidation at a time when the skies were clear, imagine they mean that the
financil situation of the company is good."