O/S - 13,300,000
Insiders shares are not tradeable because of bankruptcy. 32% insider owned. http://finance.yahoo.com/q/ks?s=GOTTQ.PK
There are no Preferred shares.
Book value - $6.95 a share
The liquidators purchased the rights to the inventory for 85% of the original value. Assuming 85% of all assets, that leaves $224 million in assets to $197 million in liabilities.
BK Filed January, 2009 - Formal list of post-BK assets, property, liabilities and debt:
Property - $257 million
Liabilities - $131 million
Assets: $288 million
Debt: $197 million http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=CSAR%3AUS&sid=aUFE5Zpx8TuY
January 14, 2009 - GOTTQ receives DIP fiancing of up to $125 million.
BK Filings located at: http://www.kccllc.net/gottschalks
Gottschalks HQ phone number: 559-434-8000
"In collaboration with its advisors, the Company has determined to pursue one or more options to create value for stakeholders, including a sale of its business or other transaction with a third party investor through a process to be approved by the Court in order to attain the highest and best offer from interested parties. " http://www.reuters.com/finance/stocks/keyDevelopments?symbol=GOTTQ.PK
Gottschalks (Pink Sheets: GOTTQ) is a middle-tier American department store chain which is currently liquidating. During its shutdown, it is continuing to operate 58 department stores and three specialty apparel stores in six western states (California (38), Washington (7), Alaska (5), Idaho (2), Oregon (4), and Nevada (2)); most run as Harris-Gottschalks stores. http://en.wikipedia.org/wiki/Gottschalks
The Company's department stores offer a range of better to moderate brand-name and private-label merchandise, including men's, women's, juniors' and children's apparel; cosmetics, shoes, fine jewelry and accessories, and home furnishings, including china, housewares, domestics, small electric appliances and, in selected locations, furniture and mattresses.
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