To the Editor
It is rumored that WP debts may far exceed the previously estimated zł.35 million (€7.63 million)."
You are incorrect in the rumors you are spreading. WP has never had debts that you have mentioned of zł.35 million. The loan of around zł.30 million from TPI, its majority shareholder, legally becomes capital upon declared bankruptcy. The remaining zł.5-6 million is debt. So it would be even harder to say that the debts have exceeded the numbers you mentioned. By spreading news like that you are suggesting that WP's situation is worse than it actually is. To write that without any factual information, nor having spoken to WP, is considered worse then just spreading rumors - it's lies. You might harm a company that is coming out of problems, at its most vulnerable moment.
- Jacek Kawalec
Dear Mr Kawalec,
Thank you for your contribution. May I only point out that the Business in Brief section is a news digest and the item you refer to was based on a story in Parkiet, June 16, page 4. You might want to complain to the original source of the rumor. It just so happens that the newspaper is owned by Telekomunikacja Polska, a side in the conflict.
- The Editor
I didn't get the Denmark reference in your headline ("Something is rotten in the state of Denmark," WBJ last week, page 14). Brussels is in Belgium. Warsaw is in Poland. Hamlet is in Shakespeare. News ought to be in newspapers.
- Larry Trowbridge
You are incorrect in the rumors you are spreading. WP has never had debts that you have mentioned of zł.35 million. The loan of around zł.30 million from TPI, its majority shareholder, legally becomes capital upon declared bankruptcy. The remaining zł.5-6 million is debt. So it would be even harder to say that the debts have exceeded the numbers you mentioned. By spreading news like that you are suggesting that WP's situation is worse than it actually is. To write that without any factual information, nor having spoken to WP, is considered worse then just spreading rumors - it's lies. You might harm a company that is coming out of problems, at its most vulnerable moment.
- Jacek Kawalec
Dear Mr Kawalec,
Thank you for your contribution. May I only point out that the Business in Brief section is a news digest and the item you refer to was based on a story in Parkiet, June 16, page 4. You might want to complain to the original source of the rumor. It just so happens that the newspaper is owned by Telekomunikacja Polska, a side in the conflict.
- The Editor
I didn't get the Denmark reference in your headline ("Something is rotten in the state of Denmark," WBJ last week, page 14). Brussels is in Belgium. Warsaw is in Poland. Hamlet is in Shakespeare. News ought to be in newspapers.
- Larry Trowbridge
