I second that about all the employees (Excluding the executives)
The debt seems like it is all in inventory somewhere. At some stage of the game.
The profitability is a large concern I have. Seems like with all the cuts they have done over the last few years and with the economy growing the way it has profitability should have already taken place... It is just stunning that it has not taken place.
Maybe the business model has changed and they just can't seem to get expenses below revenues. The internet has made things much more competitive and changed business models. Basically all they are is a middle man now. They really don't make anything. Who needs a middle man now with the internet? I wonder if the internet has changed Tandy brands for good?
well, anyone that has a large position in this boy must be selling down to a sleeping level. If they don't there is something wrong with them. There are old traders and bold traders but no old bold traders)
The Company also announced the elimination of the Chief Restructuring Officer ("CRO") role. On March 8, 2013, the Company appointed John Little from Deloitte Financial Advisory Services LLP as a consultant filling the CRO role and performing the following duties under the CRO engagement:
Evaluating capital structure alternatives and identifying additional sources of financing
Developing and executing plans to improve liquidity against existing assets
Executing profitability improvement initiatives
Communicating with select key stakeholders
"John and the CRO role added value to our organization during a difficult time," said McGeachy. "During the past four months we've successfully maintained service to our retailers, executed our restructuring initiatives, and closed our new credit facilities. We thank John for his contributions," said McGeachy.
You may have already noticed... I am no English major....
Well they started working with this guy on nov 13th, so it does not surprise me that the two left on nov 30. Either a bk or a buy out will happen soon.... but if there was a buy out coming then why would the board of director leave? Seems like they would stick around for that...
Company has paid RAS a total of $64,240 in fees and $5,084 in expense reimbursements through November 30, 2013. In addition to the Services Agreement, on December 3, 2013, the Company entered into an additional agreement with RAS providing for Mr. Boates’ engagement as Chief Restructuring Officer.
Thanks, It's a tough call. I think the whole thing turn into a fraud when rod took over. I bet one could win a case for misleading investors. They said they secured financing in July and would not need financing for the rest of the year....
Likely two buyers because they fought for a market order sent to them like a couple of seaguls fighting for a french fry in a McDonald's parking lot.
Takes a strong stomach to go in and buy today. I think even luke is taking the day off. Luke has gone home with his tail between his legs....
I think based on where the stock is today that they all were bad. They were just there to collect their 50k for doing nothing good. It was good publicity for their careers It is a shame.
I'm surprised a buyer has not stepped up yet. Seems like the buyers are not interested in an opportunity. A cash or stock deal would be the easiest thing here with hrg spb but looks like they are playing hard ball. They don't want to give an inch.
It's interesting to wonder who has the best information, the buyer or the seller. I would think the seller would have the best information because they are closer to the company. They know the history and may have access to management's inside information. All the sellers large and small have been correct with tbac. All buyers have been wrong to date.
Single buyer yesterday on the 250k shares. jmo. From watching the tape it was fairly easy to see this was a single buyer because of the time of trades and shares purchased. For example you can watch the execute a trade to the Ten thousands, That's 0.0000 in 100 dollar lots consecutively during a time period. The seller was also single seller possible and likely a fund with ability to trade to the 0.0000. The average person can only place trades a prices to the hundreds, that is .00. Interesting. Glad to see a significant buyer on the bid for a change. It's possible the stock could have bottomed if the company does not file for bk.
I hope you are right.
I'm just concerned with the disconnect that has been going on for the last several years between the board of directors and shareholders. It seems like there is no one at the helm. I'm still surprised they let it get to this point. The only hope is a change in leadership of board members. I don't know how that will happen with the largest funds just selling out and walking away. Luke still there on the bid this morning with the majority of shares trading around .4 It is still harder for me not to add more to my position here so I will take that as a signal to wait.