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Barnes & Noble, Inc. Message Board

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  • gxstockholders gxstockholders Jan 24, 2013 8:46 PM Flag

    This Jus Ticks Me Off!!!

    And I want to know............ How do you reconcile all of the money spent on the NOOK that came from the co-mingled cash that included cash received from selling gift cards that the last time I checked bounces back and forth but generally is around a $300million outstanding liability.

    If you spin off the NOOK, how do you reconcile spending that gift card liability cash and leaving that liability 100% on the back of BKS? BKS is out 100% of that cash when redeemed for non-NOOK division inventory and For NOOK division inventory, out the amount what BKS does not ultimatey own in a NOOKdivision or spin off.

    Did $300mil just happen to resemble the gift card liability? What balance sheet gets screwed?

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