about KKD's true future. Please re-read the article from Forbes below:
Cooper's Krispy Kreme, Consultant In Share Deal Chris Noon, 08.02.05, 8:57 AM ET
NEW YORK - And for your efforts you will receive...sadly, not boxes and boxes of surplus chocolate-glazed doughnuts, but a warrant allowing a purchase of shares. That's what Krispy Kreme Doughnuts (nyse: KKD - news - people ) told consultant Kroll Zolfo Cooper, the specialists who were scrambled to return the embattled doughnut maker to profitability.
KZC's reward consists of 1.2 million shares at $7.75 apiece for its work, Krispy Kreme said in a prepared statement. The warrant can be exercised on either Jan. 29, 2006, or 30 days after the naming of a chief executive to succeed Stephen Cooper, whichever is later. "Negotiating for an equity-based success fee reflects our strong confidence in the long-term prospects of Krispy Kreme. While the company still faces a number of challenges, we believe that Krispy Kreme has a bright future," explained Cooper. The company ousted then-CEO Scott Livengood back in January, looking to Cooper and Steven Paganos to rail against sinking profit and a prying U.S. Securities and Exchange Commission. Cooper had previously rejiggered rotisserie chain Boston Chicken, which declared bankruptcy in 1998�just five years after the company went public.
I get it, you're really short.Cooper had previously rejiggered rotisserie chain Boston Chicken, which declared bankruptcy in 1998�just five years after the company went public. Just trying to fill the board with supposed strong buy sentiment.
No, actually the point is he takes KKD stock as compensation. Hopefully you also understand that nobody knows as much about the company (both past and future) then Mr. Cooper. Let me know if you require additional help.