{"id":3026,"date":"2017-04-10T16:03:32","date_gmt":"2017-04-10T16:03:32","guid":{"rendered":"https:\/\/picb-us.com\/?p=3026"},"modified":"2023-08-14T20:40:08","modified_gmt":"2023-08-14T20:40:08","slug":"fishy-tales-april-2017","status":"publish","type":"post","link":"https:\/\/picb-us.com\/fishy-tales-april-2017\/","title":{"rendered":"Fishy Tales – April 2017"},"content":{"rendered":"

[vc_row full_height=”yes” columns_placement=”stretch”][vc_column][vc_column_text css=”.vc_custom_1520449734337{margin-bottom: 0px !important;padding-top: 35px !important;padding-bottom: 35px !important;background-color: #e8f2fe !important;}”]\"\"[\/vc_column_text][vc_column_text css=”.vc_custom_1492128410317{margin-bottom: 0px !important;border-bottom-width: 0px !important;padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 10px !important;padding-left: 20px !important;background-color: #e8f2fe !important;}”]<\/p>\n

April’s Challenge: What Would You Do?<\/strong><\/span><\/h1>\n

 <\/p>\n

Six decades ago, an advertising expert and a printer created the million dollar\u00a0concept of selling brand loyalty, via coupons compiled in a book, that provided savings for an entire year. These books were sold to the public from local schools, charities, and places of worship by a dedicated sales force that pledged a percentage of the profits back to the communities for positive social programs. That was the era\u00a0of the Green Stamps collection for product redemption\u2026 Just like airline mileage today!<\/p>\n

Now, I am certain many of you are thinking this puzzle will be about the second generation curse but you would be wrong. \u00a0Now here is the challenge \u2014<\/p>\n

The Printer\u2019s invoices were always paid, on average, between 45-60 days which suddenly and dramatically changed to NEVER. The customer made promises that failed to materialize even though the Printer continued to provide additional books for sale. The on-going, unpaid production which represented approximately 60% of the Printer\u2019s business created a cash flow melt down. The sudden loss of cash flow, while carrying sizable unpaid accounts receivables, is the perfect recipe for a catastrophic collapse in any business.<\/p>\n

When the Printer called PICB for advice the mid-six figure debt was 6 months past due -He was rightfully worried about the future of his company. The public records revealed that the Book business had been sold to a venture capital group at about the same time as invoice payments stopped, and as we were discussing his options the Mailman delivered the bankruptcy notice.<\/p>\n

The timeline and records clearly revealed that the VC\u2019s agenda was to steal profits while they could. Leaving all the creditors as collateral damage is simply a calculated risk as most creditors would not spend substantial money suing an inactive, asset-less company in order to prove fraud in a post-bankruptcy case. What would be gained from doing so?<\/p>\n

So what would you do to avoid this scenario?<\/strong><\/p>\n

Just a quick happy ending \u2013 the Printer survived the turmoil and thrives again today while operating in the black \u2013 he directed his passion and perseverance to gaining new customers, focusing on new commodities, and diversification. He rebuilt the family business \u2013 and he, like his father, is a success!<\/p>\n

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SO… WHAT WOULD YOU DO TO <\/strong><\/span>SOLVE THIS FISHY TALE?<\/strong><\/span><\/h2>\n

Be the first to answer and win a FREE CRA report now.<\/span><\/h3>\n

GRAND PRIZE BE PAID OUT\u00a0<\/span><\/p>\n

$500.00<\/span><\/h1>\n

See Fish Tales Prize\u00a0Rules<\/em><\/span><\/p>\n

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FISHY TALES PRIZE RULES -2017<\/b><\/span><\/p>\n

There are no scales or hooks necessary, and you do not need fins or even an ability to swim to win. <\/span>
\nWho is eligible? — <\/b>Anyone and everyone except employees of Professional Credit Management Associates, Inc. dba Printing Industry Credit Bureau and Checkitco Company (PICB), along with their children and\/or relatives, may enter to win.<\/span><\/span>
\nWhen does this promotion end? <\/b>Each month there will be a new Fishy Tale challenge posed to subscribers of PICB\u2019s Where\u2019s the Money Newsletter. PICB May end this challenge at any time and without notice.<\/span><\/span>
\nWHAT IS THE PRIZE?<\/b> Free Credit Risk Assessments worth $85.00 provided each month, and a one-time monetary prize of $500.00 awarded to the one respondent who won the most CRAs from Jan. 2017 \u2013 Nov. 2017. <\/span><\/span>
\nWHAT IS CRA? <\/b>CRA <\/i><\/b>\u2013 PICB\u2019s unique report is intended for credit granters to use in support of making wise credit choices and \u00a0is built using current records filed with various governmental agencies and are available under \u2018Public Records\u2019. PICB purchases no existing report to re-sell it, We actually do the old fashion method of real time research using the 21<\/span>st<\/span> century modern tools. <\/span><\/span>
\nHOW DOES THE GAME WORK? \u00a0<\/b>The answers to the challenge are speculative – there is no <\/span>one<\/span> correct answer, therefore the winners will be those first 3 respondents who provide a \u2018solution\u2019 and meets the eligibility requirements as stated above. <\/span><\/span>
\nHOW DO I SUBMIT MY SOLUTION? <\/b>Post your answer directly on the Newsletter \u2018answer box\u2019, make sure and identify your name and company name, we will then \u00a0notify you if you were one of the first 3 respondents via email and award you your Fishy Tale redemption coupon. <\/span><\/span>
\nWHEN CAN I REDEEM THE COUPON? <\/b>Anytime by submitting a CRA request, make sure and provide your redemption coupon at the time of submission and we will provide you the requested report.<\/span><\/span>
\nCRA redemption coupons may not be claimed for the cash equivalent. <\/span>
\nWHEN WILL THE GRAND PRIZE BE PAID OUT? \u00a0<\/b>$500.00 will be paid to the individual or company who has entered the most winning challenge answers between Jan. 2017 thru Nov. 2017 and the cash prize will be paid prior to December 31<\/span>st<\/span>, 2017<\/span><\/span><\/p>\n

\u00a0<\/span>For more information contact PICB at 847\/265-0400 or CRA@Checkitco.com<\/b><\/span><\/p>\n

[\/vc_message][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

[vc_row full_height=”yes” columns_placement=”stretch”][vc_column][vc_column_text css=”.vc_custom_1520449734337{margin-bottom: 0px !important;padding-top: 35px !important;padding-bottom: 35px !important;background-color: #e8f2fe !important;}”][\/vc_column_text][vc_column_text css=”.vc_custom_1492128410317{margin-bottom: 0px !important;border-bottom-width: 0px !important;padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 10px !important;padding-left: 20px !important;background-color: #e8f2fe !important;}”] April’s Challenge: What Would You Do?   Six decades ago, an advertising expert and a printer created the million dollar\u00a0concept of selling brand loyalty, via coupons compiled in…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,2],"tags":[],"_links":{"self":[{"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/posts\/3026"}],"collection":[{"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/comments?post=3026"}],"version-history":[{"count":18,"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/posts\/3026\/revisions"}],"predecessor-version":[{"id":9702,"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/posts\/3026\/revisions\/9702"}],"wp:attachment":[{"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/media?parent=3026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/categories?post=3026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/tags?post=3026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}