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True but the ASK is even higher at $13 per share...how long before ur new shares are in the account, did ur broker give any details?
Wish I knew the answer to that question. The CEO needs to follow up with his shareholders. Ticker is broken. Positive NET Income of $225k and we go down??? COME-ON Jeff!
Me too, that would be something..Nice Xmas present for you!!
Yes, this is excellent news. Crystals attempt to take over the company has failed. Esp Great News for Common Share Holders imo...
Bakers Footwear Seeks to Replace Chapter 11 Financing to Avoid Liquidation
Nov 14, 2012 12:20:59 (ET)
By Stephanie Gleason
Bakers Footwear Group Inc. (BKRSQ) is asking a bankruptcy court to allow the company, on an emergency basis, to replace its bankruptcy financing with a new $9.5 million loan that has a later maturity date as the repayment deadline on its original financing draws near.
The U.S. Bankruptcy Court in St. Louis approved access to $22 million in bankruptcy financing from Crystal Financial LLC on Nov. 5. That financing, which included a $17.8 million rollup of pre-petition debt, was to be paid back on Nov. 16, or Bakers would have to begin liquidating the entire chain, it said, per the financing agreement.
However, since negotiating the Crystal bankruptcy financing, Bakers decided that it would like to reorganize its chain around 63 retail stores and close 150 others rather than liquidate completely.
SB Capital Group LLC and Tiger Capital Group LLC won the right at auction to run the liquidation sales at the 150 stores that are closing. The company is aiming to complete the sales by the end of the year.
"The replacement financing provides the debtor with its only chance to complete a reorganization of its business operations. Absent an immediate refinancing of the existing DIP facility, the debtor will be forced to commence a liquidation of all of its assets," it said in court documents.
The new financing is being provided by Salus Capital Partners LLC and matures in 12 months or after Bakers sells the remaining 63 stores. It stipulates that Bakers must file a plan by Nov. 30, get approval of a disclosure statement by Jan. 7 and obtain plan confirmation by Feb. 15.
The motion says that Salus will essentially pay off the outstanding obligations owed to Crystal by Bakers and in exchange Crystal will assign the original bankruptcy loan to Salus.
In addition to the replacement bankruptcy financing, Bakers has lined up $8.5 million in bankruptcy exit financing from Salus, money that is going to be used to fund a Chapter 11 plan.
The court said Bakers can pay Salus a $150,000 commitment fee and cover the expenses it incurred in connection with negotiating the financing deal.
Bakers, founded in 1924, filed for Chapter 11 bankruptcy protection on Oct. 3. At the time, it had 215 stores in 34 states.
(Dow Jones Daily Bankruptcy Review covers news about distressed companies and those under bankruptcy protection. Go to http://dbr.dowjones.com.)
--Rachel Feintzeig in New York and Marie Beaudette in Washington contributed to this article.
Write to Stephanie Gleason at stephanie.gleason@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
Thanks for the updates here Chevy.
Looking good finally...
By Dec 15th we should have some news on GBG
True, but I would buy 1's if there were Av...the only way u can loose on this one w 1's is if the R/S comes or it get stuck at no bid for months to yrs...always a ton a risk in this penny game
Yeah, Ernie picked up on this when it was trading at $.001...we were alil early to the party but I dont think u could get hurt picking up a few 1's
Ok, I see that now. Probably doesnt get picked up b/c it was Originally published by Kansas City Business Journal??? But IDN
Not sure. Honestly, I have no idea why this is happening, where did todays news come from?
NFDS $.0001 would be a good buy imo
BKRSQ $.01 Bottom Bouncer/Low Floater...100 yr old Company...
News out today: 150 Retail Store Leases of Bakers and Wild Pair Shoes are Included in Bankruptcy Sale Process
GA Keen Realty Advisors, LLC of New York, a division of Great American Group, Inc. (OTCBB: GAMR), has begun marketing leases for 150 Bakers and Wild Pair shoe store locations across the country.
According to GA Keen Realty Advisors Co-President Harold Bordwin, “For retailers looking to expand, our bankruptcy sales process is the fastest and easiest way to open new stores and new markets. While December 4 is the deadline for submitting bids for the December 11 auction, we expect to have the ability to name a stalking horse prior to the auction. Thus, we are encouraging retailers to talk with us as soon as possible.”
The stores, ranging from 1,254 to more than 4,000 square feet in size, are located in 31 states including Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Louisiana, Maine, Maryland, Michigan, Missouri, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Wisconsin.
All transactions are subject to bankruptcy court approval.
For more information about the properties, contact Harold Bordwin or Heather Milazzo at 646-381-9222 or email bakers@greatamerican.com.
BKRSQ Low Floater~News out Today: 150 Retail Store Leases of Bakers and Wild Pair Shoes are Included in Bankruptcy Sale Process
GA Keen Realty Advisors, LLC of New York, a division of Great American Group, Inc. (OTCBB: GAMR), has begun marketing leases for 150 Bakers and Wild Pair shoe store locations across the country.
According to GA Keen Realty Advisors Co-President Harold Bordwin, “For retailers looking to expand, our bankruptcy sales process is the fastest and easiest way to open new stores and new markets. While December 4 is the deadline for submitting bids for the December 11 auction, we expect to have the ability to name a stalking horse prior to the auction. Thus, we are encouraging retailers to talk with us as soon as possible.”
The stores, ranging from 1,254 to more than 4,000 square feet in size, are located in 31 states including Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Louisiana, Maine, Maryland, Michigan, Missouri, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Wisconsin.
All transactions are subject to bankruptcy court approval.
For more information about the properties, contact Harold Bordwin or Heather Milazzo at 646-381-9222 or email bakers@greatamerican.com.
BKRSQ $.01 NEWS OUT: 150 Retail Store Leases of Bakers and Wild Pair Shoes are Included in Bankruptcy Sale Process
GA Keen Realty Advisors, LLC of New York, a division of Great American Group, Inc. (OTCBB: GAMR), has begun marketing leases for 150 Bakers and Wild Pair shoe store locations across the country.
According to GA Keen Realty Advisors Co-President Harold Bordwin, “For retailers looking to expand, our bankruptcy sales process is the fastest and easiest way to open new stores and new markets. While December 4 is the deadline for submitting bids for the December 11 auction, we expect to have the ability to name a stalking horse prior to the auction. Thus, we are encouraging retailers to talk with us as soon as possible.”
The stores, ranging from 1,254 to more than 4,000 square feet in size, are located in 31 states including Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Louisiana, Maine, Maryland, Michigan, Missouri, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Wisconsin.
All transactions are subject to bankruptcy court approval.
For more information about the properties, contact Harold Bordwin or Heather Milazzo at 646-381-9222 or email bakers@greatamerican.com.
It Happened Again, why arent the bigger brokers picking up this news out on BKRSQ??? Weird...
BKRSQ $.01 ~ 100 yr old company, TINY SS & Float...DD it!!
BKRSQ $.01 ASK RAZOR THIN & FLOAT less the 5 million..DD it!!
BKRSQ $.01 Float TINY...5mil or less!! DD this play!!!
LIGA $.02 Huge Volume last few days...news or material event is coming out soon imvho..!!
yup, waiting on those $.01's to hit still..not holding any
Great post Ernie. Thx for the update...the ASK is razor thin today, just need alil buy volume & we run hard imo
Yes, GDAR $$$ huge volume today so far compared to 10 day av volume...
GDAR $.009 Big News out AH Friday!! LOW Float: 6mil...
PALM BEACH GARDENS, FL, Nov 11, 2012 (MARKETWIRE via COMTEX) -- Golden Age Resources, Inc. (pinksheets:GDAR) announced today that it has completed its acquisition 100% of the issued and outstanding stock of Griffin Holdings and IT Solutions, Inc. Griffin is a cutting edge trending Technology Company with global consulting engagements and diversifying with a planned acquisition program underway.
The acquisition was finalized prior to the end of the Third Quarter and is retroactively effective to the Year Beginning January 1, 2012. Hence, GDAR's Third Quarter reporting shall reflect the effects of The Acquisition for the Third Quarter on a consolidated basis.
The Acquisition is the first of many planned acquisitions of GDAR, which is intended to immediately diversify its core business, and tremendously enhance shareholder value.
Additionally, discussions of a possible business alliance have begun with another IT Development - "App" developer and marketer. Many scenarios of Griffin Holdings and the Company approached are available and such combination could increase market share by many multiple occurrences.
Management feels the discussions are promising and feels within the next 30-45 days, a possible alliance could be initiated.
GDAR $.009 Float only 6.6 million! Huge News out!!
PALM BEACH GARDENS, FL, Nov 11, 2012 (MARKETWIRE via COMTEX) -- Golden Age Resources, Inc. (pinksheets:GDAR) announced today that it has completed its acquisition 100% of the issued and outstanding stock of Griffin Holdings and IT Solutions, Inc. Griffin is a cutting edge trending Technology Company with global consulting engagements and diversifying with a planned acquisition program underway.
The acquisition was finalized prior to the end of the Third Quarter and is retroactively effective to the Year Beginning January 1, 2012. Hence, GDAR's Third Quarter reporting shall reflect the effects of The Acquisition for the Third Quarter on a consolidated basis.
The Acquisition is the first of many planned acquisitions of GDAR, which is intended to immediately diversify its core business, and tremendously enhance shareholder value.
Additionally, discussions of a possible business alliance have begun with another IT Development - "App" developer and marketer. Many scenarios of Griffin Holdings and the Company approached are available and such combination could increase market share by many multiple occurrences.
Management feels the discussions are promising and feels within the next 30-45 days, a possible alliance could be initiated.
Let me be the first to wish you a Happy Veterans Day Ernie!
Cool, never knew you had an odd little place...let's get our pump & dump on! Hope u had a great weekend!
105 for u now, Ty! Happy trading!
I like Ernie"s World of Reality!!!
Hi Buttonwood, Love the Board! You have been on fire again lately...Congrats!
321 for you now, TY Cabroncita...
Yup, already following you J$tops
Agreed, hope they listen to you, whoever they are...w this small share structure money can be made for this who have lots of patience...
Glta here.....still...lol
DPHG $.02 - 200 to 1 R/S
I'll mark anyone back who gives me as mark
Tia
PLFM $.0029 Razor THIN Should re test $.004 area, should hear news soon as well.
We like to call him Dumboma on the east coast..