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Krispy Kreme Doughnuts, Inc. Message Board

  • delaurenthis delaurenthis Nov 25, 2005 3:50 PM Flag

    Financials and delisting

    So, if KKD announces they got a 2-month extension to file financials with the lender (putting the restatements in February or even later), wouldn't the NYSE be compelled to de-list the moment this comes out? If they wouldn't file in December or January, why should they wait until the filing deadline passes in Janruary?

    In any case, since now this missing the financials deadline increases the possibility of delisting, you would think this will result in additional selling pressure for those that finally have had enough and want out?

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    • It may in fact be you that made the suggestion that I convert my long position on the shares into the options as a means of reducing risk.

      ===
      Huh? When I did I do any such thing?

      Way back when KKD was trading over seven, I suggested to some longs that they would be better off with 7.5 calls than shares because that way they would lose less if it tanked and could excercise the options if I was wrong, and it went up above the strike price. That's a whole different ball game then buying 7.5 shares when the stock has markedly tanked and now 7.5 is two bucks (circa 40%) out of the money with less than two months to go on the calls.

      But that advice was long ago and no longer relevant. I have had no such conversation with you.

    • It may in fact be you that made the suggestion that I convert my long position on the shares into the options as a means of reducing risk. So far this strategy has worked well for me, and I am satisfied to wait until January to see what the outcome of the wager will be.

    • ROFL. Again another numerically challenged calculation.

      ==
      Okay you score a point on carelessness here. You're only down 25% (excluding transaction costs) not 33%.

      Take that point to the bank. It's may be all you have to deposit if you don't get out now that you MAY be able minimize the loss and get 15 cents. That window could close very rapidly.

      I have nothing to gain in suggesting that. You selling your calls or not won't effect of the price of the stock I want and expect to see go down one bit.

      Good luck.

    • As any grade school math teacher how to do percentages.

    • ROFL. Again another numerically challenged calculation.
      ===

      Okay Scout, tell me how its wrong.

    • ROFL. Again another numerically challenged calculation.

    • ROFL. I don't know where you get your quotes, but when I look up the quote on KKDAU.O the number that is quoted is $0.15. If I had wanted to speak in terms of contracts I would have done so instead of clearly stating the price was $0.20 per share. Lets continue this conversation on the third Friday in January.

      ===
      You can't win this one Scout. You announced you bought a massive amount of calls for .20. That's the .20 ($20/100) I to which I was referring. Not sure what the current price of .15 has to do with it beyond the fact your 33% down.

    • ROFL. I don't know where you get your quotes, but when I look up the quote on KKDAU.O the number that is quoted is $0.15. If I had wanted to speak in terms of contracts I would have done so instead of clearly stating the price was $0.20 per share. Lets continue this conversation on the third Friday in January.

    • Fine.

      Let me ask you this: do you think this delay has to do with not having enough time to restate based on the August 10th outline of the problems, or do you believe that there has been an "extraordinary discovery" that ccured after August 10th?

    • I'm saying that your theory that the delay in the financials might be the result of some comments on the Great Circle blog is absurd. And I'm not going to chase you down rabbit trails.

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