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Just In: $BEBE bebe stores, inc. Announces Acquisition of 47 Franchise Locations from Franchise Group, Inc. for $35 million
Funding from multiple sources including B. Riley Financial purchasing 1.5 million shares bebe stores, inc. (OTCQB:BEBE) (the “Company”) today announced the purchase of 47 Buddy’s Home Furnishings rent-to-own franchises from Franchise Group, Inc. (Nasdaq:...
Read the whole news BEBE - bebe stores, inc. Announces Acquisition of 47 Franchise Locations from Franchise Group, Inc. for $35 million
BREAKING NEWS: $BEBE Franchise Group, Inc. Refranchises 47 Buddy's Locations for $35 million and Signs a Development Deal for 20 Locations with bebe stores, inc.
• Proceeds will be used to repay debt ORLANDO, Fla., Nov. 11, 2020 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”) today announced it has refranchised 47 Buddy’s locations to bebe store...
Find out more BEBE - Franchise Group, Inc. Refranchises 47 Buddy's Locations for $35 million and Signs a Development Deal for 20 Locations with bebe stores, inc.
10-Q is out. Quarterly loss of $1.26 Million, Loss / Share = $0.16 / share. 10-Q doesn't reflect massive dilution in January from 8.2M to 11.2 M
I did sell. close to double.
If you bought at $3.12, I urge you to sell now, you have almost doubled. it may go up, but the risk is great and it may very well go down, Ultimately I know it will go down. Sell & count your blessings.
Don’t hold your breath on BEBE, lol
Agreement with B Riley to convert Debt to Shares is massive dilution scheme and is about B Riley being able to use BEBE's Net Operating Losses for Tax purposes! TH\hat is the reason they paid a premium for the stock.
If you own BEBE I would take this morning's price of high $5s as a gift and sell. May go higher but this is going to come crashing down when the market digests the implications of this agreement.
Outstanding shares before agreement - 8.2 Million
Outstanding shares after agreement - 11.2 Million (At least, maybe more)
I don't own $BEBE stock as of yet. I did at one time. The loss of 74 million had to do with settlements with landlords on closing all their stores. I expect to see a great improvement next quarter on their balance sheet. $BAYP and weedwiser.com is going to be the next great online experience. I also think that $BEBE will do very well with online sales.
The next 10Q will give us a good idea how the new strategy is doing. It will be the 1st qtr with full qtr sales (or close to full qtr). My gut is they are not making enough sales to justify the stock at this price. If I am right, and I've been right about BEBE the last 9 months, I think we are looking at a share price that will settle between $1-$2 dollars
BEBE delisted from the Nasdaq to the OTC:
http://otce.finra.org/DLAdditions
BEBE lost 74 MILLION last qtr, I wonder how much more BEBE will lose this qtr??? I predict 25 MILLION! We should have a new 10-Q this week.
BEBE's Balance Sheet is now upside down. Liabilities exceed assets by $11.1 Million. Only going to get worse for at least the next 2 quarters per the company's notes in the F/S
stock is dead...
BEBE lost $74.1 MILLION in last qtr alone (Qtr ending 7/1/2017)
Balance Sheet upside down, as of July 1, 2017:
TOTAL Assets = 50.5 M Down $46.8M!
TOTAL Liablt = 63.6 M Up $17.1M!
Shareholders Equity is now NEGATIVE ($11.1) MILLION
I expect BEBE will post a loss of between $10-$20 million this past quarter. JMHO
I was in communication (email) with BEBE Investor Relations last week and I was told the 10-K will be filed on 9/29.
What reverse stock split?
After all those reverse stock splits who will buy my shares at my new purchased price without any profit of $26.00 a share?
If I should now sell any of my stock shares at the today price will be a drastic GAIN for BEBE.
Reality is starting to sink in re: Balance Sheet & Income stream. Already dropped 7% today. More to come & soon. I expect this to be in the low $3s by the end of month.
With reorganization, BEBE is officially underwater. Total Liabilities now exceed Total Assets. Might take a little while for the street to digest but BEBE is still in a Death Spiral to Net Zero. See chart of Pro-Forma Balance Sheet based on these changes announced today. And donb't forget - MORE termination fees coming!
Your analysis is spot on. The $60-$65M lease termination fees kill all remaining equity...and then some. If BEBE had pulled the plug a year ago or even 6 months ago they would be $70-100 million ahead, but they didn't.
Time will tell, but the future looks brighter now for bebe, company has cash on hand and very little debt
Less walk-in traffic people with Amazon ENDED Malls
BEBE suppose to be mail-orders.
Few walk-in traffic people & Amazon KILLED Malls.
BEBE suppose to be mail-orders.
Computers and Internet will give people more free time without pay!
BEBE closing all stores by end of May.
list of stores... https://www.usatoday.com/story/money/2017/04/21/list-of-bebe-stores--closing/100737254/
Will there be any more reverse splits?
Can the original stock costs ever happen again?
I had Purchased for less then $1.00 a share then after a few reverse splits now worth over $22.00 a share!
This company can return big again?
OR
Will this Company stay below $5.00 a share?
* $BEBE Video Chart 07-29-16 * *
Link to Video - click here to watch the technical chart video
107k on ask 83cent watch it get wiped out!
look for a move to 1.02. or 1.07 if the volume comes.
GLTA
trendtrade2016
this ticker on full daily trend, but no weekly. Trade with caution.
GLTA
trendtrade2016
Looks like this is where we start to move back up.
We should but too many profit takers and doubters at the moment. Need another PR to get the momo going again.
What's going on here...will we see .75 soon?
Good consolidation at .60 Forming a new base.
After market news update on JV.... Inked the deal! About to hit Multi - dollars!
Looking good today. I expect a strong close and another leg up tomorrow.
Thanks... .5549 AH...
I added more today.. I been watching this since .34
This could be a huge multi bagger for anyone getting in down here. Picked up a 20k today.
I believe so too.... Asset 3x than liabilities, cash on hand... Now $35M JV.. Plus moving as a Apparel Brand than retailer is a good move... Going global....
IMO
This will be heading back to dollars soon.