Zany Brainy, Inc. (fka ZANYQ)

[monda2frida]

ZANYQ Zany Brainy, Inc. Common Stock 8/17/2011 Plan of Bankruptcy Effective. All shares have been cancelled. **

[svend]

Just seen this stock.with the history I just read,does this stock have a chance at a turn around.I'm a potential investor.just doing my research

[autoprt]

microcapzone - if you're out there i see people buying this and i can't understand why, there is no news about this there were 3 trades today.

curious to know why someone would buy a stock and i am not even sure if the company still exists?

i am guessing the feeling of maybe i will buy this and something will happen like a large company purchasing the name, etc. and the price will go up miraculously.

[autoprt]

helllooooo,

well i guess someone will post when news comes around this stock is pretty dead right now.

[autoprt]

how about now anyone out there?

[autoprt]

wow i forgot about this one, anyone out there?????

[autoprt]

yeah right now it just stuck on one price.

[microcapzone]

No, I don't own any. If I ever buy a "Q" stock I never hold overnight. One day you may wake up and have a ZERO balance for the shares you hold.

[autoprt]

thanks for the background, actually i was looking for some info from someone who owns the stock and has had past experience with it, microcapzone do you own Zany Brainy stock?

[microcapzone]

Zany Brainy was a United States retail store chain that sold educational toys and multi-media products aimed at children ages 4-12. Its merchandise included games and puzzles; infant development toys; books, audiocassettes, and videos; arts and crafts; building toys and trains; computer software; electronic learning aids and musical instruments; science toys; plush toys and dolls; and sports-themed toys. The stores offered daily events such as workshops, concerts, and author appearances.

David Schlessinger, who had earlier started the now-defunct Encore Books chain of bookstores, founded Zany Brainy in 1991. The company's CEO was Thomas Vellios. The company filed for Chapter 11 bankruptcy protection on May 15, 2001, having faced financial difficulties since acquiring rival company Noodle Kidoodle in 2000. Later in 2001, Zany Brainy's assets were sold to Right Start, Inc. At the time of the sale, Zany Brainy had 187 retail locations nationwide.

In January 2002, The Right Start, Inc. purchased approximately 20 of the famed FAO Schwarz toy stores. Together, the Zany Brainy, Right Start and FAO stores were brought under one corporate umbrella named FAO, Inc. Jerry Welch, the former CEO of The Right Start, Inc. assumed the CEO role for the entire retail chain. After this move the chain included some 250 stores and was bringing in nearly $400 million in annualized revenue.

In January 2003 FAO, Inc. filed for Chapter 11 bankruptcy protection. After emerging from bankruptcy in April 2003, the company filed yet again in December 2003. All of the Zany Brainy stores were shuttered. The Right Start chain was sold and all but two FAO Schwarz stores were closed. Today, the name Zany Brainy, once a respected moniker with "a zillion neat things for kids" is but a memory. David Schlessinger and Tom Vellios have gone on and founded another successful retail chain (Five Below), and Jerry Welch has entered relative obscurity.

Courtesy of Wikipedia

[autoprt]

I just found out about this stock and bought a little of it since the price was attractive and there is some activity going on.
If anyone has owned it and has knowledge about the history or experiences let me know. This way it can help me and others to know whether its something worth pursuing.