Monday, February 25, 2019 - 9:15am
FULL SPEED AHEAD, SAYS VIRGIN TRAIN USA SAYS (FORMERLY BRIGHTLINE) DESPITE FRESH CONCERNS WHETHER THE PROJECT WILL HAVE ENOUGH FUNDS TO PAY FOR ITS EXPANSION. According to financial documents, Virgin Trains USA is at an $82 million loss in nine months and have recently decided to abandon a $500 million stock sale.
"They're bleeding money like crazy," commented Richard Rampell, CPA with MBAF in Palm Beach. "Based on the results that have happened so far, they've got a long way to go before they become profitable."
Read more here.
The original article was written by Wanda Moore of the WPTV.
Photo by Rich Pedroncelli of the Associated Press.