Consider them worthless...I don't expect Dov will be pulling any more rabbits out of the hat, and in the process of emerging from bankruptcy common shares were wiped out.
Well, actually Dov has expressed plans to start a competitor... But thats a tale for another day, and another set of shareholders.
Well, there's the first sociopath heard from...."Irish" should be coming along any minute now.
Yeah, I admit I blew $400 on 10,000 shares last week. Like I posted at the time, it was definitely a gamble, hoping at the judge would side with Dov. Now, given the track record of current management, I expect everything will be getting auctioned off within two years.
I hope nobody followed your advice. Following the latest news, I bought 10 thousand shares at 4 cents per. Well, it's still a long shot, but the odds are looking a lot better than Powerball nowadays (on which I confess to squandering two dollars).
Some people are keeping the stock, on the gamble that Dov will reappear with fresh capital and regain control of the company, as he is trying to do according to a news report or two. That would be good, or at least better than present situation. The chances of it happening? Pretty slim, which is why shares sell for 3 cents instead of a dollar.
I doubt that American Apparel can turn around under current management, but even if that ultimately happens, the bankruptcy plan calls for common shareholders to be wiped out.
I'm speaking as a customer of First Niagara, not a shareholder. I originally had an account with the money--laundering criminals at HSBC, and was in the process of relocating my funds when the news came that First Niagara was taking over HSBC upstate NY branches.
All well and good: a reputable regional bank, and they've worked out OK over the past few years.
Now along comes Key Bank-- looks like the more typical bunch of Wise guy bankers who had to ger bailed out with tarp funds. In other words, who needs them? I wouldn't mind if Senator Schumer manages to squelch the deal, although since he's more talk than action, I doubt anything will come of his pronouncements.
Good article. I finished it with some more understanding of Dov's recent actions: his bitterness and plans of revenge. He's still an oversexed idiot who shot himself in the foot ( if not the groin; figuratively speaking) but the opposing parties certainly come across as a bunch of snakes and backstabbers. Practically nobody is looking good in this sordid saga.
I don't know what would save the company at this point. Not outsourcing...although the idea of throwing everybody at the L.A. Factory out of work seems to appeal to some posters here.
I did somewhat facetiously suggest that Trump buy the factory to bring production pf his clothing line to America. The serious side of that proposal is that somebody-like The Donald- could contract with AA to produce a made in America line. i believe Levi's has a similar arrangement in the Seatle are?
Yeah, sleaze is how a lot of clothes get marketed. Sex, heroin chic, half-naked pre-teens, anorexics...everybody has their gimmick. At least APPs models are over 18 and look healthy. I certainly don't see where the Made in America label would be a negative nowadays. If Dov hadn't mixed business with pleasure ( or vice versa) the ads wouldn't be an issue.
Oh, I dunno. Some liberals do OK. Ben and Jerry, maybe Bill Gates.
If Dov had been able to keep his zipper closed, we might not be in this pickle.
How about You move a half mile off shore, and then sink?
Sure, offshore the company whose whole image is based on sweatshop-free American manufacturing. Or used to be...I was watching some sitcom at the gym (unfortunately I didn't catch the name, but it was some sort of "Friends" clone) and a joke was cracked about "that creepy guy who owns American Apparel". Not good for sales when Dov's shenanigans become a pop culture reference.
Again, go invest in Nike. .I don't want to be making a profit off slave labor, even if it means my money in APP goes down with the ship.
Maybe Trump can buy the company, and have APP produce his clothing line, currently made in China and Mexico. Just a thought: at least he'd be putting his money where his mouth is when he talks about bringing jobs back to the USA.