Read the SEC filings:
We have never generated any significant revenues, have a history of losses, and cannot assure you that we will ever become or remain profitable.
We expect to incur future losses
the Company has suffered recurring losses, negative cash flows from operations and has limited capital resources and a net stockholders’ deficit. These matters raise substantial doubt about the Company’s ability to continue as a going concern.
Im nowhere near as sharp as I was 20 years ago. LOL And I can barely operate my flip phone.
But, Boyer is 56 and will almost certainly take over as CEO within a year.
Isnt more like 10-12 ?
My limited understanding of how it works is one or several of them get subpoena power and then go searching for anything that isn't 100% disclosed in the public filings.
And in cases where almost everything is disclosed, they get their expenses & move on to the next suit.
So its a no-lose situation for the ambulance chasers. But, hopefully we can get another 10-30 cents.
Much depends on the "background" of the deal which, as of a few days ago, was not public yet.
Have not checked today.
He is still mentally sharp and all he is doing here are retailing basics. Something Mason neglected for a decade of largesse.
He has surrounded himself with good people and he is fixing the company for the long haul. not a short term pop.
Ive been saying for a year now, how TUES does is probably more a function of how the market does.
So yeah, if we have a 1987 style crash, its easy to see TUES at $12 or even less.
Me holding onto winners longer than I might have used to probably has more to do with my inability or unwillingness to find replacement stocks. So for me its not a matter of holding TUES or buying a half dozen other stocks. It comes down to holding TUES or adding to my already to large cash position.
So, its fair to call my not selling gambling but its gambling by inaction whereas you going out of your way to short stocks like TUES & TA were you seeking out something to bet on.
At least by remaining invested in TUES, I have the wind at my back in that the long term trend of the markets is up.
Plus, I like rooting for them. Mason was incompetent and should have been ousted at least 5 years sooner.
But, as I have said repeatedly, there are HIGH expectations already priced into TUES. If they fall short by a wide margin, the stock could tank.
But, I think he is purposely under-promising because this isn't his first rodeo.
Criminally insufficient disclosure too. They are being PAID to tout but not saying how much and by whom. Join me in reporting them to the SEC.
I think its going to come in below and they can use that to justify selling it to someones buddy for a steal.
Else it wouldn't be 76 cents.
And don't forget, they are going to dilute the heck out of us first.
What if you were short ? Cover at $4.30 and close out your position.
And there is at least some chance of a higher bid with all those firms snooping around.
And If you plan on going to appraisal, $4.30 shares could make you money.
Feurer was most recently Chief Executive Officer and President of Vanity Stores, where he has served since 2012.
Feurer's prior experience includes nine years at Coldwater Creek in various positions, including Senior Vice President Merchandising and Merchandise Operations and President, Strategic New Concepts. He also spent 10 years at the Gap where he was responsible for planning for its Japanese, European, and Canadian markets.
Robert J. Higgins, Trans World's founder, will continue to serve as Chairman of the Board.
Disagree. You are so far invested in your scenario that you cant see whats right in front of you.
Nothing matters to you expect being right after being wrong for 8 months now.
Yes, my possible is a dream scenario. But I don't think 80 cents to $1 is unreasonable at all.
This man is highly respected on wall street by everyone except you. Then again, you didn't invest with him in Michaels like many of the owners here now did.
Better use that as a reason to buy more. PLEASE.
Nevermind the $64 million in GAAP losses over 12 years. Nevermind the 1 for 25 reverse split.
Nevermind the dozens of materially misleading press releases.
Nevermind the total lack of any meaningful revenue over 12 years.