Pacific Sunwear of California Inc fka PSUNQ

[Greus]

Yes that 10Q lists what was stated may or may not happen. They listed they may be granted additional waiver. Maybe later in the year but I didn't expect BK so soon in April, especially after the webcasts or phone calls to investor relations. Given the impression that the company would continue 2016, which they still are. I see now the investment should have been avoided. Maybe the big investment from the Greek investor helped keep them afloat. Yet his dumping of shares should have been a clue. Many shareholders didn't sell include Adage Capital. Why would they continue to hold until the last minute? And detective work about for sure BK in April would have required someone inside giving details that were not available to retail investors. Not focusing on just that 10Q but other filings as well would have led to believe there wouldn't be bankruptcy in April. Yet analyzing your statements about the last 10Q they would have and the April BK already planned way in advance 2015, and not a spur of the moment decision made early 2016. Even the CEO Schoenfeld states they are an improved company now, yet he doesn't mention it is a Golden Gate company. He stated in an article the lease problems and focusing in on shoes was the main reason for the company's downfall. Not mentioning anything about their loan covenants with Wells Fargo and Golden Gate.