Given that the bankruptcy represents a big black eye for NCRA, what was the reasoning whereby Mr. Darling and his corporate entities were deemed suitable to continue to operate and repair the line?
NCRA has a contract with Northwestern Pacific Railway Company, LLC (NWPY) for operation of the rail line. NCRA has no current contracts with Rail-Ways, Inc. • At the present time, is the Board keeping closer watch on the business activity of Mr. Darling and his corporations by requiring financial updates on a regular basis? In other words, is the Board requiring more frequent financial updates? Does the Board know how many employees Mr. Darling has, their salaries, and to what corporate entities their salaries are being charged, and what services these employees accomplish for the NWP. Are expenditures reasonable and appropriate, given that the NWP only is providing limited service over a 43-mile stretch of track that is yielding small-time revenues? What is NWPYs financial condition? Is it in the red itself? If NWPY were to declare bankruptcy, NCRAs contract provides that such a declaration would constitute a default under the contract and would be grounds for termination of the contr
