The company is in a death spiral. The company is rudderless now and has to pay outsiders again to fix what they are incapable of fixing themselves. Buying the stock is a speculation at best. You are already down over 38% amigo....The unsecured bonds are trading at 26 cents on the dollar. If they had the cash they could buy their debt for pennies but they are hanging on for their life and can't even afford to do that. It's an impossible situation.....
that's ownership disclosure, they did not buy 7,711,479 shares on 06/30.
heck, the entire day didn't even trade close to that many shares.
BlackRock Advisors LLC Bought 7,711,479 ZQK shares on 06/30/2015, hmmmm
Looks like Major Fund Institution BlackRock Advisors LLC Bought 7,711,479 shares on 06/30/2015.
Do your own D.D.
And no one makes a comment?
Fack board or what?
organizational, as in putting employees where they want them to be.
but not financial restructuring which is obviously everyone's concern.
The Peter J. Solomon Company can assist with finding suitable interested parties for a sale. However, the PR's that have been published only indicated that they are "seeking Financing." From the PR, "The retailer is exploring options that include negotiating with lenders to increase the amount it can borrow on its credit line, said the person, who asked not to be identified because the matter is private. It’s the second time in five years the retailer has enlisted the firm to help boost its access to cash." That is a given to any company that is losing money q/q and y/y. I don't see their current creditor getting giving them favorable terms or what they are asking for. And if they reach out to, let's say a company like $HTGC, to receive a bridge loan to buy more time, they will get less favorable terms. We do not know the plan moving forward, so at this point, IMO, they needed to issue a PR about something. The only thing we learned is that they have publicly reached out to Peter J. Solomon Co. for help. We will see what they devise behind closed doors. I also think that from the last management shake-up, that no-one there knows what is going on. It seems there is non-existent talent running around in HB. I see a sale of the entire company to a larger company like NIKE or Under Armour that can buy this for pennies on the dollar & use their distribution channels while casting a broader net. At some point, I can see this becoming profitable under the right management team. I see value, I am in @ $0.68 I believe, not too much at all, but just a little to see what happens. If evidence supports a turnaround, I will be buying more and riding the wave! C'mon $ZQK let's finish the week off string and rally prior to earnings. I can see this heading to $0.75 if the good money starts buying. Obviously, there is many reasons for this trading at $0.50. So it is a pure spec play at this point. GLTA
Sentiment: Strong Buy
historically, some institutional holders like TRowe Price will liquidate their stakes when a reverse stock split happens. For example when LXRX did a reverse split May 21, TRPrice liquidated their shares.
Ok, could you explain...a C11 would allow them to "buy time" and make the season, a dangerous move but i works half the time, but how would a reverse split help other than as window dressing?
And so it starts. They forgot to mention ch 11 or reverse stock split if funding is unavailable. But trust me its on the table
We have successfully completed the organizational restructuring of the company, with every employee now singularly focused on execution - CEO Andy Mooney 1.7.15
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In the news release...restructuring just as the Mitch has told all in previous post. Restructuring not bankruptcy.
cash infusion, reverse split, bk are some of the last thing you want to happen at this low price.
cash infusion would means management acknowledge cloudy road ahead and you know huge dilution would come with that cash infusion since hedge funds dosen't give out money for free.
They say that every friggin' quarter.
"we are encounraged by our Spring/Fall 20xx line" yet what happens? no positive cashflow in half a decade, sales eroding out of existance.
I don't think they will file BK just yet, there is definitely going to be a few more pops before then as they still have levers to pull.