Bobo,, you need to think in a corporate sense, in that planing of theses things take time and the go ahead for these remodels was put n place many months ago.. So projecting the opening of the stores can't be connected to the current state of the company.
Walmart, Home Depot have many items like that now... What type of connecting wires are you thinking of?
his inability to see what's plainly I front of him is over whelming enough to him that I'd bet he'd #$%$ his pant at how I get the information.
We can see the intent of running this right to the end, burning everyone that they can get away with, and leads to the question did the CFO before, leave over the morality it?
It's right in the 10k,, everything from roof air conditioners to that terrible dark glass fronts that make the stores look closed,,,all unrecoverable but a large part of the book.
Part of a stocks price is based on gross sales, and with mass store closings will come a drop in gross sales.
Also understand in this case the reasoning behind the closures is the HOPE that in closing some stores the remaining stores will pick up some of the sales,, it hasn't worked yet despite closing stores to date,,.
The other reason is to live off the inventory for another quarter or two,DEPENDING IF the creditors let the cash go for covering future losses.
Not shure about scrubbing,, but one thing is for sure,, CEO joe,the bod and a few others sure could use a swirly in a polluted toilet to set them straight...
Both companies would have been in better shape today if the management had been so inept..
When you consider the number of employees that they've burned with the connectivity of family and friends, it alone is enough ill will to cause the company to fail.
Well, bobbo, the concept stores were planed a year ago and the buy for that ad was planed months before it ran too.. Now as for light speed, they already were just below 5 million shares and decided to play the 5% plus holder gag in a big way in hopes that fools like you would buy so the stock would run.
Up to now it was literally selling the company to the lenders for the cash to cover the losses,but now it's stealing the unsecured bond holders cash to cover the day to day expenses..