Home > Boards > US OTC > Retail - Chains >

Destination Maternity Corp. (DESTQ)

DESTQ RSS Feed
Add DESTQ Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board: 
Last Post: 1/7/2022 7:48:49 PM - Followers: 19 - Board type: Free - Posts Today: 0

The Sought-After FIXED Super Tiny SS alone worth $0.0703 a share!

The Super Tiny Float --- 9,427,195 shares!
The Super Tiny OS --- 14,226,121 shares!
Huge Insider's Ownership: 34% of Entire OS!

The Super Tiny AS --- 20,000,000 shares!
 

Destination Maternity Corporation   https://cases.primeclerk.com/DestinationMaternity/Home-DocketInfo

Case No. 19-12256  06/29/2020

Options 
  • Case Destination Maternity Corporation(19-12256) 
    Receive report ONLY if new documents have been filed
    Exclude Pro Hac Vice Motions
    Exclude Claim Transfer Notices
Recipients 
 e.g. cschepper@primeclerk.com, admin@primeclerk.com
 
Summary 

Daily at 05:00 for Destination Maternity Corporation Case sent to

cancel SUBMIT

Prime Clerk collects your email for the sole purpose of sending you updates on the docket activity for the case you select at the frequency and for the duration that you designate.
You may unsubscribe by clicking the “Unsubscribe” link at the bottom of the email updates you receive.

The nation’s largest retailer of maternity wear has filed for Chapter 11 bankruptcy protection amid sagging sales, increased competition and changing customer tastes. 

Destination Maternity listed $260.2 million in assets and $240 million in debts in its filing with the U.S. Bankruptcy Court in Delaware.
The company, which in August announced it was reviewing strategic alternatives,
including a possible sale, said the process has “already yielded indications of interest from several credible bidders.”  

To fund its operations during the Chapter 11 process, Destination Maternity obtained consent to use cash collateral from all of its prepetition secured lenders.
In connection with the agreement, binding bids for the company must be submitted by December 5, 2019, with an auction to be held on December 9, 2019.
The bankruptcy court must approve the sale by December 12, 2019. 

Destination Maternity said it intends to use the Chapter 11 process to optimize operations, including right-sizing its brick-and-mortar store footprint.  

“In a challenging retail environment, we have had to make some very tough choices, but we are confident that the steps taken today provide an opportunity
to continue a marketing process that provides the most efficient means of maximizing value to our stakeholders,” said Lisa Gavales, chair of the Office of the CEO,
which was created in June to oversee the chain during its search for a CEO.
“Throughout this process we will be focused on developing the promising interest already shown by potential bidders, and maintaining operational momentum toward a stronger business.”

As of August 3, 2019, Destination Maternity operated 446 stores in the U.S., Canada and Puerto Rico under three banners: Motherhood Maternity,
A Pea in the Pod and Destination Maternity, along with 491 leased departments in department stores and baby specialty stores throughout the U.S. and Canada.
It also operates international stores via franchising.  Net sales for the first six months of fiscal 2019 decreased 10.3% to $179.1 million.  
It reported a net loss of $14.3 million in fiscal 2018. 
Kirkland & Ellis LLP is acting as the company’s legal counsel, Greenhill & Co is acting as investment
banker and Berkeley Research Group is serving as Destination Maternity’s restructuring advisor. BRG’s Robert J. Duffy has been appointed as the company’s chief restructuring officer.



Nov. 30, 2019 8:04 pm ET
Bankrupt retailer Destination Maternity Corp. will shut down its remaining 235 retail stores under a deal
that would see a licensing firm buy the company’s brand name and other assets for $50 million.

A licensing platform backed by Neuberger Berman Group LLC has agreed to acquire the e-commerce business,
brand name and intellectual property of bankrupt retailer, according to a filing in U.S. Bankruptcy Court in Wilmington, Del.




Destination Maternity Corporation

Case No. 19-12256

 

 

Affidavit/Declaration of Mailing of Andrew G. Vignali Regarding Second Interim Fee Application of Landis Rath & Cobb LLP and Notie of Hearing!. Filed by Prime Clerk LLC. (related document(s)888, 890)

Attachments:
Related: 890email
06/27/2020
909

Application for Compensation (Seventh) of Landis Rath & Cobb LLP for the period May 1, 2020 to May 31, 2020 Filed by Destination Maternity Corporation. Objections due by 7/17/2020. (Attachments: # 1 Notice # 2 Exhibit A # 3 Exhibit B # 4 Exhibit C # 5 Certification of Kerri K. Mumford)

Attachments:
Related:email
06/26/2020
908

Motion for Payment of Administrative Expenses/Claims Filed by Invata, Inc.. Hearing scheduled for 7/22/2020 at 10:30 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #1, Wilmington, Delaware. Objections due by 7/13/2020. (Attachments: # 1 Exhibit 1 # 2 Exhibit 2 # 3 Exhibit 3, Order)

Attachments: 123
Related:email
06/26/2020
907

Motion to Appear pro hac vice OF WILLIAM M. BUCHANAN. Receipt Number 3020943, Filed by Invata, Inc..

Attachments:
Related:email
06/26/2020
906

Motion to Appear pro hac vice OF GILDA M. ARROYO. Receipt Number 3020943, Filed by Invata, Inc..

Attachments:
Related:email
06/26/2020
905

Affidavit/Declaration of Mailing of Andrew G. Vignali Regarding Twenty-Seventh Notice of Rejection of Certain Executory Contracts and/or Unexpired Leases and Fifth Monthly Fee Statement of Kirkland & Ellis LLP and Kirkland & Ellis International LLP for Allowance of an Administrative Claim for Compensation and Reimbursement of Expenses Incurred from March 1, 2020 through April 30, 2020!. Filed by Prime Clerk LLC. (related document(s)896, 897)

Attachments:
Related: 896email
06/25/2020
904

Notice of Appearance. Filed by Invata, Inc..

Attachments:
Related:email
06/25/2020
903

Affidavit/Declaration of Mailing of Jamie B. Herszaft Regarding Order Approving the Rejection of Contracts and Unexpired Leases and Abandonment of Property in Connection Therewith. Filed by Prime Clerk LLC. (related document(s)891)

Attachments:
Related: 891email
06/25/2020
902

Objection of Delta Galil USA Inc. to Motion of the Debtors for Entry of an Order (I) Approving the Settlements Between the Debtors and Certain 503(b)(9) Claimants and (II) Authorizing the Debtors to Distribute the Trade Claim Reserve (related document(s)878, 879) Filed by Delta Galil USA Inc. (Attachments: # 1 Certificate of Service)

Attachments: 1
Related: 879email
06/25/2020
901

Application for Compensation (Second Interim) of Kirkland & Ellis LLP and Kirkland & Ellis International LLP for the period February 1, 2020 to April 30, 2020 (related document(s)780, 897) Filed by Destination Maternity Corporation. Hearing scheduled for 7/22/2020 at 10:30 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #1, Wilmington, Delaware. Objections due by 7/15/2020. (Attachments: # 1 Notice # 2 Exhibit A # 3 Exhibit B # 4 Exhibit C # 5 Exhibit D # 6 Exhibit E # 7 Exhibit F # 8 Exhibit G)

Attachments:
Related:email
06/24/2020
900

Interim Application for Compensation / Second Interim Fee Application of Cole Schotz P.C., Delaware and Conflicts Counsel to the Official Committee of Unsecured Creditors, for Allowance of Compensation and Reimbursement of Expenses for the period from February 1, 2020 to April 30, 2020 Filed by OFFICIAL COMMITTEE OF UNSECURED CREDITORS. Hearing scheduled for 7/22/2020 at 10:00 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #1, Wilmington, Delaware. Objections due by 7/14/2020. (Attachments: # 1 Notice)

Attachments: 1
Related:email
06/23/2020
899

Interim Application for Compensation / Second Interim Fee Application for Compensation and Reimbursement of Expenses of Province, Inc., as Financial Advisor to the Official Committee of Unsecured Creditors, for Allowance of Compensation and Reimbursement of Expenses for the period from February 1, 2020 to April 30, 2020 Filed by OFFICIAL COMMITTEE OF UNSECURED CREDITORS. Hearing scheduled for 7/22/2020 at 10:00 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #1, Wilmington, Delaware. Objections due by 7/14/2020. (Attachments: # 1 Exhibit A # 2 Notice)

Attachments: 12
Related:email
06/23/2020
898

Certificate of No Objection - No Order Required Regarding Third Monthly Application for Compensation and Reimbursement of Expenses of Province, Inc., as Financial Advisor to the Official Committee of Unsecured Creditors, for the period February 1, 2020 through February 29, 2020 (related document(s)774) Filed by OFFICIAL COMMITTEE OF UNSECURED CREDITORS.

Attachments:
Related: 774email
06/23/2020
897

Application for Compensation (Fifth Monthly) of Kirkland & Ellis LLP and Kirkland & Ellis International LLP for the period March 1, 2020 to April 30, 2020 Filed by Destination Maternity Corporation. Objections due by 7/13/2020. (Attachments: # 1 Notice # 2 Exhibit A # 3 Exhibit B # 4 Exhibit C # 5 Verification of Christopher T. Greco, P.C.) (Cree, Jennifer) (Entered: 06/22/2020)

Attachments:
Related:email
06/22/2020
896

Notice of Rejection of Lease/Executory Contract (Twenty-Seventh Notice of Rejection of Certain Executory Contracts and/or Unexpired Leases) (related document(s)23, 285). Filed by Destination Maternity Corporation.

Attachments:
Related: 23285email
06/22/2020
895

Certificate of No Objection - No Order Required Regarding Sixth Monthly Application of Landis Rath & Cobb LLP for the period April 1, 2020 to April 30, 2020 (related document(s)861) Filed by Destination Maternity Corporation.

Attachments:
Related:email
06/22/2020
894

Certificate of No Objection - No Order Required Regarding Fifth Monthly Fee Application of Cole Schotz P.C., Delaware and Conflicts Counsel to the Official Committee of Unsecured Creditors, for Allowance of Compensation and Reimbursement of Expenses for the period from April 1, 2020 through April 30, 2020 (related document(s)856) Filed by OFFICIAL COMMITTEE OF UNSECURED CREDITORS.

Attachments:
Related: 856email
06/22/2020
893

Certificate of No Objection - No Order Required Regarding Combined Fifth Monthly and Second Interim Application of Cooley LLP, Lead Counsel to the Official Committee of Unsecured Creditors of Destination Maternity Corporation, et al. for Compensation and Reimbursement of Expenses for the (I) Monthly Period of April 1, 2020 Through April 30, 2020 and (II) Interim for the period of February 1, 2020 to April 30, 2020 (related document(s)855) Filed by OFFICIAL COMMITTEE OF UNSECURED CREDITORS.

Attachments:
Related: 855email
06/22/2020
892

Certificate of No Objection - No Order Required Regarding Fifth Monthly Application for Compensation and Reimbursement of Expenses of Province, Inc., as Financial Advisor to the Official Committee of Unsecured Creditors, for the period from April 1, 2020 through April 30, 2020 (related document(s)854) Filed by OFFICIAL COMMITTEE OF UNSECURED CREDITORS.

Attachments:
Related: 854email
06/22/2020
891

Order Approving Twenty-Fifth Notice of Rejection of Certain Executory Contracts and/or Unexpired Leases (related document(s)285, 852, 889) Order Signed on 6/18/2020. (Attachments: # 1 Exhibit A)

Attachments: 1
Related: 285852889




https://www.otcmarkets.com/stock/DESTQ/disclosure

https://www.otcmarkets.com/stock/DESTQ/news

https://www.otcmarkets.com/stock/DESTQ/security

https://www.otcmarkets.com/stock/DESTQ/profile

https://www.otcmarkets.com/stock/DESTQ/quote

https://www.otcmarkets.com/stock/DESTQ/overview
 


 *DISCLAIMER *The Board Monitor and The Board Assistants herewith, are not licensed brokers and assume NO responsibility for the actions, investment decisions, and or messages posted on this forum.
• We do NOT recommend that anyone buy or sell any securities posted herewith. Any trade entered into risks the possibility of losing the funds invested.
• There are no guarantees when buying or selling any security.

 

 

DESTQ
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
PostSubject
#1657   I suppose that's a possibility. chemist72 01/07/22 07:48:49 PM
#1656   Thanks for your time and work! Maybe the pennystock_es 01/07/22 12:13:25 PM
#1655   My final wrap up (almost). chemist72 01/02/22 05:49:31 PM
#1654   Someone just made 50 to 1? Wow. propert 12/17/21 05:34:21 PM
#1653   Quite the volume jump and all shares traded J-Gunner 12/14/21 08:59:03 PM
#1652   Sorry, but I'm not following this stock anymore. chemist72 12/14/21 02:40:28 PM
#1651   https://cases.primeclerk.com/DestinationMaternity/Home-DocketInfo corvatsch 12/14/21 02:39:17 PM
#1650   there is only this news. corvatsch 12/14/21 02:38:10 PM
#1649   what happens today in $DESTQ? News ? pennystock_es 12/14/21 02:22:49 PM
#1648   Nice summary. And my condolences to all. chemist72 12/01/21 11:51:09 AM
#1647   Well, I guess that settles, once and for propert 12/01/21 07:47:47 AM
#1646   "Dissolution" means DESTQ will no longer exist as chemist72 11/27/21 02:51:58 PM
#1645   Does this mean that it is the end pennystock_es 11/27/21 03:28:53 AM
#1644   Its all over. Judge signed dissolution order 11/22/21*. chemist72 11/26/21 08:28:42 PM
#1643   It's good ? pennystock_es 11/26/21 06:25:32 AM
#1642   https://cases.primeclerk.com/DestinationMaternity/Home-DocketInfo... corvatsch 11/25/21 03:03:41 PM
#1641   News? pennystock_es 11/24/21 05:59:39 PM
#1640   Notice of Agenda of Matters Scheduled for Hearing corvatsch 11/19/21 07:20:38 AM
#1639   Thank you, I said it for a company pennystock_es 11/03/21 12:08:35 PM
#1638   Depends on current corporate tax rates. chemist72 11/03/21 11:41:13 AM
#1637   chemist72 a question about tax benefits (it's another pennystock_es 11/03/21 10:12:20 AM
#1636   There were more than 4 claims, I just LKat7 11/01/21 10:25:09 AM
#1635   Nah, the aggregate amount of these four claims propert 10/29/21 01:41:39 PM
#1634   I had signed up for the filing emails LKat7 10/29/21 01:07:20 PM
#1633   The lack of transparency from this company throughout propert 10/26/21 07:32:07 PM
#1632   @corvatsch - I sold today too at 100% LKat7 10/26/21 01:56:29 PM
#1631   in my opinion it's not over yet ... corvatsch 10/26/21 01:46:55 PM
#1630   C B L A Q chemist72 10/26/21 12:12:21 PM
#1629   Thanks chemist72 no gains this year haven’t played Yukii 10/25/21 08:23:51 PM
#1628   If you want to claim a "capital loss" chemist72 10/25/21 05:46:56 PM
#1627   So to get the tax loss is now LKat7 10/25/21 03:55:34 PM
#1626   If you have some capital gains this year, chemist72 10/25/21 02:44:23 PM
#1625   Hey chemist72 thanks brother for the reply. It Yukii 10/25/21 02:24:19 PM
#1624   Thanks. Was a very long ride for me. chemist72 10/25/21 12:41:13 PM
#1623   @Chemist72 - I would hope everyone knew it LKat7 10/25/21 12:21:17 PM
#1622   Sorry to say its almost all over. chemist72 10/25/21 10:13:27 AM
#1621   I have/had to read legislation as part of daeda 10/24/21 02:23:54 PM
#1620   Chemist72 thanks brother for all the post you Yukii 10/23/21 11:54:02 PM
#1619   Some edits to previous post: chemist72 10/23/21 05:54:01 PM
#1618   Holy cow. DESTQ just submitted a list of chemist72 10/23/21 05:22:06 PM
#1617   POR deadline extension basically a foregone conclusion. chemist72 10/13/21 02:27:49 PM
#1616   "the Debtors’ Exclusive Plan Period is extended through daeda 10/13/21 02:06:34 PM
#1615   Omnibus Hearing agenda published. See Docket 1129. chemist72 10/09/21 09:49:57 AM
#1614   So you're telling me the entire market cap propert 10/08/21 05:58:19 PM
#1613   There is always a risk that a bankrupt chemist72 10/07/21 10:51:23 AM
#1612   The motivating factor behind new SEC rule concerning propert 10/06/21 08:58:51 AM
#1611   it happened that if you had entered SIRI corvatsch 10/06/21 07:31:09 AM
#1610   Hi corvatsch if you don’t mind what happened Yukii 10/04/21 08:47:35 PM
#1609   Gonna be long, cold, volatile winter for DESTQ longs. chemist72 10/01/21 03:28:06 PM
#1608   $DESTQ 0.0001 ? -0.0119 (-99.17%) Volume: 20,000 ??? pennystock_es 10/01/21 11:40:49 AM
PostSubject
Consent Preferences