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Like I said lets see how the day ends then there will be a chart I want to to look at and some buys and sells.
Never know an old dog may be able to change your thinking or how you look at some things old chart wise its still going up and past a certain point its gonna blow.
But lets see maybe I'm crazy.
Would love to be able to chat rather than type about this stuff I see so much differently than others. Lets see how the day goes and after maybe I can write a PM and you have a look Pete and see if you get where I am coming from. I don't know maybe I am off my rocker, maybe to old school maybe my long trend focus on mountain charts on recovery stocks I don't know.
I try and understand you guys and try catch your drift then I look at my 5 day mountain chart and the large block buys and see an entirely different thing.
I see what its doing and what they are doing I think the light tappy tap tappy tap and putting big blocks on the ask then hitting the bid with 10-20K blocks and dropping it 3-4 100ths I think they are shaking and collecting maybe I am wrong, the trader types not the hedges IMO thats the 100-250K blocks hitting throughout the day
I find it fascinating the way you guys see it, I just for the life of me cannot wrap my head around it.
And watching simultaneously watching the hustle and jive on stock twits I get what they are doing they shaking the tree no? Because I see higher close and all day spent higher level except that huge bang this morning by the rapists.
Maybe its something you need explained with someone sitting right next to you, pointing at things while they talk, maybe then I could get it better.
I am think we end .33-.35 today Monday .38-.40 Tuesday .45-.48 Wednesday it breaks out of the cloud for the first time in 56 months and it's gone.
JMHO volume before price
Shares Sold Short
47.52 M
And all wish to protect some unrealized gains with no downside it's common sense. Just being held in place slowly building by retail shorts, we shall see.
I think many get run over by a train next week.
It is what its, big dogs will be banking unrealized gains whenever possible IMHO.
They should get used to it.
This will be good, it should climb just like this till .50's then I think traders will jump o it and 1= land here we come, now hedges will be biting pieces when its weak so as not to rush the door, that's why I said a couple with larger hunks 5-7 mil will have some kid fresh out of Harvard or Yale or wherever and his job will be to cover when possible until its just $%^&*( it we need them now if it really squeezes.
And funds should be grabbing here and there too, they been red for a while they know what is going to happen too so they will flip a few.
That wives tale about funds not buying under $5 is horseshit, they won't don;t invest in such stocks spec stocks but they do play and add to positions they are red in FRAN was perfect example.
Will be a nice climb up, don't have to say back as we are in at the bottom like we should be, good luck guys enjoy!
You see that big hedge bite that just got taken out of that sandwich?
$250K chomp will be seeing many of those dozens and dozens IMHO.
Now I am working on a big DD post for ASNA board etc, but, I will toss a crumb every so often for all the birds about just to give one a little bit more pep in their step today.
Almost a penny a share loss was in severance costs because of a reduction in staff so at the end of the day pretty much probably paid everyone for the Q but going forward that turns into a savings, so think of that going forward. These are the cost savings Muto et al keep mentioning they are doing, didn't see it this time because of the severance but its gone now, there isn't even a thought of them now, their coffee cup by the Keuirg has been tossed in the bin. I remember seeing more in the last filing will point out as I come across them, we good people, good good going forward.
On June 4, 2019, in connection with the cost savings target announced during the third quarter of Fiscal 2019, the Company announced a reduction in headcount of approximately 180 employees. This action resulted in severance charges of approximately $10-$15 million which will be recorded during the fourth quarter of Fiscal 2019.
It is and it will brother
I am not some financial wizard I just try and think. When putting myself in the hedges position I think they have someone that is dedicated for the next week to cover as much as they can as low as they can as a penny when your that deep is significant, now with a group of them trying to lock those gains its every man for himself.
Now if I am a large independent short I say I will have to get covered, because the dudes above me are so I am gonna look to get myself out banking my gains as much as I can.
Then the low end short well he is just not gonna get it til its to late, hes fucked.
Happy wife, happy life.
End of story.
Put a few links together so that when petes wife has sufficient material so that she may pot their course as they spend their day out searching for just that right set of living room furniture. These are all the locations in the area.
Just doing my part, looking out for a friend.
Its all about choice, make a day of it
https://www.beckerfurnitureworld.com/
https://furniturebarnmn.com/
https://www.slumberland.com/stores/-0e-st-paul-mn
https://www.schneidermans.com/
https://www.elsasfurniture.com/
https://www.borofkasfurniture.com/
https://www.homfurniture.com/
https://royalstarfurniture.com/
https://www.chicagofurniturewarehousemn.com/
https://l.macys.com/roseville-mn
https://www.furniture.com/stores/minnesota/st-paul/ashley-furniture-homestore
https://www.roomandboard.com/stores/edina
https://scandinaviandesigns.com/pages/scandinavian-designs-roseville-mn
https://www.gabberts.com/location/edina
https://www.idcmn.com/
https://midmodmen.com/
https://www.eastwoodgallery.com/
https://www.americanfreight.com/stores/roseville-furniture-stores
https://www.sofasandchairs.com/
https://furnitureandthings.com/
I made a mistake in the first go at this chart post, I repeated the second chart, this one the second chart has the chart with the gaps etc, my apologies, had a duhhh moment.
Going to post a couple charts to show people what the stock is doing and where it is going, the tank is filled up the trip is about ready to start as it heads back to a fair value going forward.
Yesterday as I said and will point out in the next post was excellent it is exactly what a long term investor wanted to see and hedges/shorts did not wish to see. With there being no downside left it is all about locking in unrealized gains at this point, its like a long investor wanting to lock in profits at the top. You didn't make a nickel till you sell or cover.
The first chart is a a chart showing the 1 month daily chart with the use of the cLoud, MACD, RSI and a forecast Oscillator
Everyone has their favorite chart for different time frames etc I like this for for my bottom plays.
The stock has for months been trading well under the cloud and has been in a down trend as it had nothing to stop downward momentum as the news was uncertain and their was still a cloud hanging over it. Now with all uncertainty removed the stock has no reason to go to the downside and going forward will head in upward trend. It will build pressure until it finally breaks free of the cloud somewhere over .51-.52 then it will move to the upside with easier upward momentum.
On the MACD you can see both lines are strong and up and you can see the first small green indicator under yesterdays trading, each day that passes it will grow larger and greener and move more powerful and as it goes up as will the RSI as it is pointed up and wants to continue on this trajectory. It is a given so to speak, no matter what happens during the trading day going forward it is going up over a dollar and will start to fill a gap area at 1.25-1.85.
There is an obvious gap at 1.55-1.80 but the area I mentioned first is where I see the stock doing a lot of work for a week or so as it builds a new solid base and heals as it were before heading back to nearer its fair value which I would imagine the stock will be prior to the next ER which will be sooner than one things as this one was late and it was a 10K which is filed already 2 weeks later than a 10Q.
So its all good, we're good, we didn't get the Red Rider BB gun for Xmas damn that would have been the coolest most exciting thing, but, we still got a train and this train is heading out, that my friends is reality. Trains are better more solid more stable, memos bring chaos trains bring solid growth. IMHO if one should if they wish take some profits in the 1.20-1.35 range not a lot, not at the start of the day just 10% of their shares at a time when there is a lot of volume so as not to gum up the works and not at the bid,buyers sit the bid sellers offer the ask, if they are smart. its a negotiation at the end of the day.
As the stock is filling in the gap 1.50-1.80/.85 that is where I would sell another 10% during the same type situation in the same manner ad then you can ride the rest of your investment at that point for free and as the stock grows at every level you sell another 10% the next another 10% that is trading to invest and build something for yourself, your future and your family, if your doing it another way your a gambler not an investor IMHO.
Traders do well then days they do bad then well then bad, solid plan buying the bottoms and selling little bits here and there to invest in other plays at the bottom doing the same, is how to build a solid future and within a year if you haven't made yourself a portfolio 10X your original investment while still holding 300% of your original cash investment your need to go back over your plan and see where you messing up.
An old timer told me back in the day on Raging bull that he had one lesson for me and to never forget it.
"It's easy to get rich but it is also hard to stay rich, it is hard to get wealthy but it is far easier to stay wealthy"
Never forget that. Build something that lasts and builds, something that doesn't keep you up at night with worry. When your long term holdings are free and you have already profited from the original investment in them 500-1000% you will find you sleep like a baby.
Peace out
ER DD post coming in a bit.
Good morning all, have you guys seen this, if this doesn't make someone wake up and smell the coffee and realize the DNC as sure as god made little green apples in Wisconsin, Washington, Virginia and anywhere else that has them is losing its ever loving mind.
https://www.newsweek.com/eat-babies-twitter-reacts-alexandria-ocasio-cortez-town-hall-meeting-1463114
I was wondering what condiments goes well with baby? And should you broil it, deep fray slow bake at 300 degrees like pork butt? Have to think on that.......
I see Clay brought is herd in, they are a trip.
I copied and posted this yesterday to show you what I mean about people playing people and what they do with the fear etc, and games they plat, like this fellow and his group, just coming to pretty much steal from naive people by making them fear the stock is going to go to zero, and to take out stop losses.
One thing if anyone has a stop loss in a stock with a book value of $2.62 and a market cap of $50 trading at anything under $125 should put their money in mutual funds, as they just do not have toe stomach for handling it themselves. Its an investment and investments do not last a day an hour a month, and you cannot with those people they know when they will all sell, then short, then cover then go long. That is what they do they can manipulate a stock for an hour or a day, it just there are so many of them, but, its only a moment, turn off the pc, go read a book, start your weekend early and head to cabin one last time before winter sets in because its all a game and they are the wolves out to fleece you and in effect steal from you and just like an everyday criminal, they find it funny and get pleasure from it. This was after the panic posts they all made that earnings were terrible run for your lives and started selling and shorting, only to rebuy when those that panicked sold. Make a plan, buy your positions in dips, a the bottom, set your GTC orders high and never ever ever use a stop loss when at the broom on a company in the turnaround with a company that us undervalued by 800% and especially after a ER and CC from a company confirming all that, they are ready with knives, and guns to take what yours and laugh whilst they do it.
XXXCKSTRACKS
Oct 3rd, 6:35 pm
$ASNA sold at .32 and got back in at .26 ????
XXXaw178
Oct 3rd, 6:41 pm
@XXXckinitup @XXXCKSTRACKS same here! Love it when sheeps go bahhhh-bahhhh then we slaughter them.
They will do it again today, this morning as they know and the whole world knows this thing is going to turn now for 350 million reasons but, they want to get some as they put it sheep to slaughter first so they can steal their money as they are note content just buying the stock and making their own, they want to steal from their neighbor too, fine people they are.
Hey swampdude, yes nothing has changed one iota. The only thing that changed was the fact that it didn't have that surprise moment. In regards to the Lane sale and the deal with the shares, that is still a mystery for two big reasons but at least one we will know about shortly if anyone other than the company bought the shares they have 10 days to file a 13G saying the bought them. I misspoke when saying 2 days, that is for a 13D which is a activist position, I got them turned round.
From invetopedia....."When an individual acquires beneficial ownership of a 5% to 20% stake of a particular stock, that individual must file either Schedule 13D or 13G within 10 days of the acquisition."
Now if the company bought them they don't have to say they did and did not have to mention them or file in the 10Q that they bought them, the only time they have to file that the bought them and make that publicly known is in the 10Q for the period they bought the shares.
The 10Q that was just released/filed yesterday is for the period ending the first week of August and the transaction happened in September. So if no 13G is filed by next one can only assume the company got the shares. In my personal opinion they did, my reason for thinking this is if it were any other entity they would have filed by now a week after but maybe not. One thing for certain they have o file by next Thursday 10 working days after, it may be 10 days but I believe the "withing 10 days" is working days, Mon-Fri.
You could also ask the question, which I did to myself, why then would the company not make a note in the filing that it would be in the following 10Q and speak of it on the CC and the ER. My only thought to that is, they do not want to signal they did as they would like to buy more stock and would like to do so under $1. If they did say the did buy shares and wanted to buy some more since their cash position being what it has built up to 7X the current market cap.
The company has a stock repurchase plan in place where that was initially $200 million? or a little more, but, they have repurchased stock a couple years ago and now it is at $181 million dollars. For a company in this position with the hedge funds have pushed their price down to a point where it is so undervalued within the market the easiest course of action to solve this problem is to quietly get a firm/trading desk to start buying the stock for them and will give an order to purchase X amount of shares/$ value.
It is not only the easiest way to alleviate the problem, it is the most prudent and business wise method of alleviating the issue. Some may ask why don't they say they are, well the only reasons a company would PR the fact they are, are two. The first is that the board had recently voted to implement a share repurchase program and the must do so. Or they company is in dire straights and needs to pump their stock up. There is no other reason to do so, when a company repurchases shares they want them as cheap as they can buy them and their investors want them to buy them as cheap as possible, don't use up more of the companies funds than needed to get any job done, we pay you to save money not waste money in all things including the repurchasing of shares.
The sale of Lane Bryant I don't know, maybe an agreement wasn't made yet, maybe it is still in a negotiation mode, maybe not. I do not know. I think what one may infer will become clearer after next week when the time for the purchaser of the 17.5 million shares must file if it indeed was not the company. The only other reason I can think of that Golden Capital would sell the shares is if they were part of a deal with another firm for something else and these shares at a discount were a part of it. I don't know, but, we do know if that was the case we will know by next week if not the company now holds those shares in my opinion as no one can buy that block of shares and not file except Ascena that we do no 100%.
Thanks I just wanted to point that out, okay.
No Lane sale but that ER was killer, and NOT good for hedges, their downside is done, its make money time now simple, you do or the other guys does, fact.
Retail and trader shorts want to try and push it down, would be a classic bear trap, because their is no downside now, so we gonna bank and this is a great long investment and IMHO by sometime next week will be closing in on .50-.60 following week near a buck.
People will be able to sell some get a lot fo their money back ride the rest, no run okay, happens, but upside in, retail shorts try and short this, they will have their lunch by big kids wanting to bank that money.
One last one before positive ER stuff I made this clearer to a kid mouthing off on stock twits if they all don't realize this they soon will.
Why not? Will open higher tomorrow and will trend up, let me teach you something quick. Big hedges like to make money, there is absolutely NO downside for them anymore none. They won't throw big blocks at it anymore helping retail shorts etc. No my friend the game for them is to lock in profits, you know what is right? Well when your short 5 million shares every penny it goes up with no possible downside you are losing $50K a penny and there is nothing left in it for you, not a thing. There is no BK, the company has ample cash they can buy shares too on weakness, the other 20 hedges and big shorts can cover on any weakness, the game now is we need to make this cash and cover before one of the other 20 do. Its simple not being arrogant but you are looking at it without using your common sense. They gonna hold those short positions and hope it doesn't go up? Hope for what its not gonna trend down anymore that is absolute certainty. Same game you play, lock that $$, because you ain't made shit yet.
That ER was NOT good for hedges and big shorts not in any way shape or form. There is NO DOWNSIDE time to close it out before it rises back to 1-2 its simple really if you take that arrogance out of your head and think a minute. One doesn't cover they know the others will. Trend just turned whether you know it or not yet.
You have a good one too, the holders didn't get the run, but, kid this thing is going up thats a fact as hedges look to bank that cash before the other guy does, NO DOWNSIDE left, simple.
Okay we didn't get the Lane Bryant news but got tones of other positives, first I would like to post a reason no worries guys, the stock will start to go up and I posted on another board if okay I want to post here.
Is multiple ones some repetitious but read all. It is all relevant.
This was an excellent PR will post in couple minutes. Just didn't get that squeeze play but s all good and stock is going higher starting tomorrow for a million reasons.
Exactly.
Good luck people but, IMHO it isn't needed, bare minimum Dress barn leases sorted saving $200 mil back over a buck the other is the gravy and then its
Your right, but, if I can help, if posting has one person perk up pay attention, makes me feel better. I won't post after ASNA rest of the year is plays, but long ones I know I don't have to but feel I got hold people together, LOL.
Crazy I know.
They are just riding this thing working it its getting solid base, stock twits going mad, more lies flying around there than vultures around carcass.
its comical they talk all this have to break and hold .40 and may sell off LOL.
Like they really have a clue. Whatever make them happy and feel important, that place is such a train wreck.
Just an update on pete situation........crystal ball keeps changing its becoming more clear.
Help me pic.twitter.com/hKR2wT52zQ
— FedProm 💃🏻 (@FedProm) October 3, 2019
Right on right on. Checking something out now, you do PM right?
Not a stock, checking out something else not market related so to speak.
Sent this to pete...............LOL LOL
tdeck Member Level
Thursday, October 3, 2019 11:53:53 AM
When pete has a 7 figure account in a few months and mama has a minute or two to think, ha ha.
Finally bought tile for the bathroom. Now she wants a new sofa. pic.twitter.com/K8FCOJKTvg
— FedProm 💃🏻 (@FedProm) October 3, 2019
People starting to talk things, good things, beautiful things.
stoxlineinvestment
Oct 3rd, 11:01 am
$ASNA #ASNA We may have here an upside runner to watch. Bullish indication in MACD, Stochastic oscillator and RSI.
Just like the other, I never had a doubt
You too Manny.
In that thought closing all those stores in Dec, depending on inventory DB has and selling out of all of it, that could be a healthy bump to that Q revenue wise on top of Xmas because its all gotta go.
Another thing I forgot to think of, with concessions rent went down? At least going forward lower rent 500 stores nice, maybe July too?
March report could be a smoker.
Well we made it through the first trader flip out/short may be another I grabbed another 10K shares for my niece she is 7 good for college fund. Threw another AON in there just in case they get frisky again. Never know, they are a different sort, that chart means everything fundamentals their like "what's a fundamental?"
I am expecting leases sorted with landlords with concessions
Lane Bryant sale
17 million shares purchased from GC in sale
Any one of those happens its going back over a buck
All three put the kids to bed, it's gonna be wild night.
Also looking forward to seeing Maurice's numbers and out 49% share
And a biggie at least to me and my logical thinking, how much inventory at their cost do they have in Dress Barn. That makes a huge difference.
Dress Barn lost on average $30 mil a Q so closing them down during Black Friday to after Xmas sale is a gift from god. Having 60-70 mil in inventory, their cost to do so with the angels are singing, could come out of that due to close down season making money if we got concessions.
Go from facing losing 200-300 mil to losing almost nothing to making a few shekels. That is a huge 200+ million dollar swing.
The street gets all that, tutes, funds they get it. No matter what some trader tries to espouse they get it and they are holding 93% in the red, these things happen forget about it.
I am into numbers too, I guessed $123 mil I think on Estimize and .03 even if they lose a nickel or .10
but manny could be right, when closing stores which they closed what 100 in that Q your margins suffer but, your revs move up so we shall see.
most importantly going forward you lost 100 losing stores and thats big.
that isn't the story here kids, not even close, not even in the same time zone. IMHO.
17,468,570 to be exact
IMHO logically its a given. But that is just my opinion nothing else.
Peace out.
Morning folks, been working a lime in my hand like its a squeeze ball for a while, Saaphire and tonic with a left handed cigarette will kick off a tad early for myself.
Good luck all who are running with the bulls, be safe, don't get gored.
Thanks, the retail shakeout comes but once a decade, they throw all the companies in the mud and stomp on them, just have to find that one or two that will come out smelling like a rose.
Dig through 30 of them you will find that 1 or 2.
Remember this whoever reads this this time will come again in 8-10 years 1999/2000, 2008/9 and 2018/19 just like clockwork and they will run them further down pushing that internet and the death of retail first was the dot coms this is their second trip down the path that Amazon is the future.
When really its just a normal cycle, been happening for 50-60 years will happen for another 50-60 years as the natural turnover of dead brands and the closing of over expanded and short term companies making their exits.
And they will probably still be pushing that internet, find a way 1 billion+ items can be delivered a day without clogging the roads with another 10-20 million UPS trucks, burning through gas, and killing more trees for cardboard boxes and without the huge burden to companies with returns and all the 10's of billons that will cost, til then its all hype.
This is my third time at the retail party, will be at the next listening to the same old hustles, buy internet burn down the stores the "future" is here LOL ROTFLMAO
Sometimes logic dictates, always actually.
Peace out.
Ha ha, yes I think so, was just writing email to a friend of mine in CA a twitter friend he is a investment guy, and he thinks GC got the shares and is a deal some how some way, and agrees never would have been sold to anyone else or without a reason a deal.
Just his opinion and thoughts like mine, speculation but common sense speculation, we cannot see anything else nothing else makes logical sense. He like me thought Justice would be the one as it kind of goes with what they have now, Eddie Bauer and Pac Sun but I just see it as Lane and Catherine's they are the obvious choice for Ascena.
Everyone looks at this ER in terms of the numbers, IMHO screw the numbers, not totally but you get my meaning. They will be better than last Q, and Ann Inc. should beat last Years revs by 130-150 mil and comps still rising Q over Q.
The real important things in this ER.
Confirmation of Dress Barn landlords deal to close the stores during best sales time of year with concessions so can come out losing no money maybe making a nickle or a fee pennies, rather than the rumors of them losing $200 mil and facing Bk which sent the stock under a dollar.
The Lane Bryant/Catherine's sale with an infusion of 100's of millions of dollars on top of Maurice's $200 million.
What money Maurices 49% brings in.
And the elephant in the room, those 17 million shares, if they did buy them and retire them in effect shrinking the OS by 8-9% in one fell swoop thus increasing EPS for each share this mf'er is gone.
End of story. IMHO but common sense mind.
Let all three things have happened........look the $%^&*() out and I will leave it at that.
Instantly 8-9% shares gone, 100's of millions in losses evaporated, 100's of millions in cash added to the balance sheet, remember The Wire?
SSSHHHHIIIIIIIITTTTTTTTT $1.40 is a but a fleeting stop at the rest area. That is what I looking for wanting to hear that darn CC all the questions are answered today, today it all changes.
Well today is the day, the BS and the unknown finally be over all the misleading articles, posts, tweets hustlers and jivers lose their talking points. IMHO this and Francesca's were the only real investments in the retail shakeout this go around foe the price and returns both short and long term, the retail shakeout happens every 10 years this is no hustle play it a real investment treat it as such. people under 30 act like this is a new thing the changing of the future retail is dead, its just a once occurrence with a different shiny boy out on it.
Remember if you start or add to a position don't slap the ask investors never slap the ask, traders do to get it moving. Then they will sell when it stalls and short it back at you, sit in the shadows and wait for them get the cheap shares on the dip.
And for heaven's sake it is already at the bottom don't set a stop loss, that is a sucker move, never get stopped out by a short crew or block thrower at the market sell. That is when I always get my cheapest shares in my position, learn to be patient and wait for them.
Peace out and good luck to us all though at this time, and at a fair price anywhere under yesterdays close its not a luck thing or a chart thing, this like Francesca's was is so past being a chart thing its not even funny.
Fran was frustrating to, was straight up logic, people would argue and put forth the craziest bearish arguments. Was like talking to a wall, always but this, and no but what about this, but they BK right? But the newspaper said, but their BK right?
I wanted to pull my hair out.
I hear ya, but that wouldn't happen, the guy would not sell them, why?
His firm is worth what 10 billion dollars just decides out of the blue coincidentally while Lane Bryant talks going on to dump at .17 and market reacts by share price going up?
Like you said no one knows till we all know.
To many positive things happening just one sends it back over a buck. because just one took it under DB fake articles on lenders being scare they wouldn't be paid in 3 years time. Even though the company gave them 200 mil to pay up more than a year out and then someone has the temerity and some dumb young reporter has the temerity to write it when it sounds like BS.
Thats like you know your gonna lose your job for a bit, so you have savings and you pay your house note up for 18 months in advance and the mortgage company/bank says they are worried you may not have the money to pay the next payment in 18 months?
Seriously?
Same as the FRAN was gonna file BK because they were 279 mil in debt even though they only had a 10 mil revolving credit debt.
Press fed another BS story and ran with it.
In cases of financial things, that hurt a company you should have to show proof end of story, someone has to say I said it and heres why.
Wall street is worse than the mafia, liars thieves and cheats the lot of them.
In a separate context, an open-market transaction can refer to a deal conducted at arm’s length between two parties. This usage is particularly related to the sale or merger of a business interest or assets. With no filing for the other side of that transaction leaves only one.
And if it wasn't a thing that had to be kept private because part of something else no one is going to wait 20 days to file.
Company has a share repurchase program for up to 181 million dollars why would have to file? They don;t even have to tell the shareholders til 10Q.
No, no open market no one does that, thats ridiculous no matter what the volume is. And no one who has been working with the company will just sell them to someone for that.
The company would have paid more. $3 mil? under.
See thats where my logical thinking makes sense and illogical things like they dumped them on the market don't. Common sense always dictates.
Thats way out in left field.
I hear ya, but common sense sometimes dictates, but, there are 1000's just like you who won't believe till they hear it, thats what make the aftermath so fun. One thing sent it under a buck fake fed stories to NY Post about BK because of DB
That lease situation being confirmed as sorted alone should send it back alone, 17 million shares, no one filed 13G which is the law only company wouldn't have to.
Company that sold them for .17 bought them for 250 million and worked with company as activist investor since they bought them.
Company is a buyer of companies, Lane bryant in talks to sell all of a sudden finally get a PR ER in week and a half, then 3 days later that sale of shares with no listed buyer
Company in Cayman islands sells them listed as seller.
Another company under equity firms umbrella buys Lane gets little better deal on paper.
Company under equity firm umbrella that sold the shares to company for under $3 million dollars gets 250 mil write off.
Company wins, equity firm wins and 9% of OS are gone company has another infusion of 500 mil or so along with Maurices 200 mil
Its all my logic summation using common sense, but thats my opinion.
And if that happens which is a total shot in the dark, blindfolded, this thing is folding money, period.
Only thing that makes sense, or else tell me who bought those shares at a 250 mil loss and where 13G filing? Nothing else makes sense. he worked with the company he advised them etc if he wanted to sell they would have bought them and paid much more, he could have had a desk sell them for more and paid them .01 a share its 17 mil shares they make $170K
He doesn't sell those shares for for under $3 mil without there being a deal somewhere.
But that is just speculation and guessing with logic and nothing else, and for me logic works. Definitely cannot lose any money.
But I understand you and umpteen others wanting to wait, same happened with FRAN everyone wanted to see in black and white as you say "fact" and I understand that.
Its not real until its real, understood I get it.
Yeah nice set up I agree, its a done deal this time.
But, we shall see.
Peace out.