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Krispy Kreme Doughnuts, Inc. Message Board

  • di_vur_se_fi di_vur_se_fi Oct 13, 2005 4:24 PM Flag

    Something's gotta give

    So gcff isn't going to file bk because their liquidity issues will be remedied by the big payment they're going to get from kkd when they win the lawsuit.

    So kkd isn't going to file bk because they're not going to be losing the lawsuits.


    Somebody's going to lose. Somebody's going to file.

    gcff cannot continue to run their business unless they get financing; who will finance them?

    kkd? maybe, if a judge makes them.

    who then, is going to finance kkd as cebitda deteriorates and they are forced to finance the franchisees?

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    • <<< Krispy Kreme Franchisee Doesn't See Bankruptcy -Attorney >>>

      Even the reporter who wrote the article (it was NOT a press release) thought that the main news was that the franchisee is not going bankrupt. A flat-out public statement from the one's lawyer is worth many times a week-old private comment heard second hand. The statement about KKD bankruptcy came second in the article -- even though news about an NYSE company is far more important to her readers, public investors, than news about a privately held franchise.

      Also, notice that the lawsuit was filed by the franchise owners, not by the franchise itself. If they win (or settle), they'd like to get money themselves and not have it picked over by all of gcff's creditors.

    • <<< Krispy Kreme Franchisee Doesn't See Bankruptcy -Attorney >>>


      That is the franchisee's attorney... talking about KKD? It isn't the KKD attorney!

    • an opposing attorney can make statements that KK said to her DURING negotiations?


      This is a free country. She can say/reveal what the hell she wants or more exactly anything she wants that her client will let her say.

    • Does an opposing attorney have the right to publically state something that was said to her during a closed door negotiation by the other side?

    • of course they're not going to tell opposing council their going to file....agreed, but what does KK have to gain financially, by saying in so many words "we aren't filing either"


      Still not getting it? If they said or hinted at anything other than the presumtive position (i.e. that on ongoing concern is going to continue to be an ongoing concern) that would be selectively revealing information on a material corforate event (i.e. providing insider information!!!)

      That 99, is very illegal.

      Until they are ready to tell everyone they are obliged to tell no one and hint to no one.

    • Krispy Kreme Franchisee Doesn't See Bankruptcy -Attorney

      October 13, 2005 3:40 p.m.


    • Mungarian,

      Actually, I did a search for it before dinner to find its exact realease time and couldn't find it.

    • Seriously, you think the management of a public company could reveal in a private meeting that they were going to file bankruptcy before they'd told creditors and shareholders? The presumption is that they're not going to file, telling somebody that isn't nearly the issue that telling them they were going to file would be.

      Exactly right and well stated, Mungerian, though I expect most won't understand it, lol.

    • re: maroon

      You mean he is one of those coconut cookies?

      Guess which book you should be reading.

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