Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Court has not approved anything yet !!
Citigroup Stated Quiksilver Could Fetch $900 million to $1 billion.
Citigroup states Quiksilver could fetch $900 million to $1 billion...
Citigroups McShane and Van der Ghinst believe Quiksilver could fetch $900 million to $1 billion
Quiksilver a world wide 1st class company worth even more now.
American Airlines had a glitch, too.
BBG.AX is at a 1 1/2 year high.
Billabong moved up nicely on relatively heavy volume since the OAK- ZQK news came out.
Institutions Still Own 55% of Quiksiver's Common Stock
As of Oct.27, 2015
Inst. own 55%
That's 94.6 Million shares outstanding.
If Quiksilver allows them to lose millions upon million's of dollars, the industry will treat them like a plague, no matter how this thing comes out. No IPO buying!!
IMO, that alone means the common stock will survive!
McShane and Van der Ghinst believe Quiksilver could fetch $900 million to $1 billion
Following VFC’s unsuccessful bid for Billabong LY, we think Quiksilver could be a consideration, based on: 1) a strong, authentic action sports brand; 2) a solid girls’/women’s brand in Roxy, which we believe still has significant potential, esp given ongoing strength in kids’ action/activewear, 3) DC Shoes, which would complement VFC’s Vans; & 4) Quiksilver should also help alleviate some of VFC’s 2H exposure, as it is more of a 1H brand.
McShane and Van der Ghinst believe Quiksilver could fetch $900 million to $1 billion
Cookie cutter statement, American Airlines said the same thing...
On October 29, 2015
A Delaware bankruptcy judge (Shannon) wants Quiksilver to continue to pursue both the court-monitored restructuring and to "aggressively "seek potential sale of the business.
IMO
Stock will not go to zero, like some on this board keep stating over and over again.
Quiksilver also counter dictated statement the stock would be worthless, read it for yourself Q-10, Quik suggested caution, they do not even know what may happen, M&A for instance could change. (American Airlines).
There already has been a counter bid, more coming!
Maybe a bid only for the USA Quiksilver division!
ZQKSQ Short Interest on Sept 30, 2015 approx. 7.2 million shares.
Some of us made money on American Airlines.
ZQKSQ 500,000 shares at .30 = $150,000.00.
Today you buy 500,000 shares for $5,000.00, Wow!
or
Buy the Quiksilver IPO NYSE if Oaktree gets/steals the company.
Oaktree owns a big chuck of Billabong, want's to own all of Quiksilver!
Oaktree will be out bid!!
or
Oaktree will decide just to buy Quiksilver outright, wouldn't that be something, pay themselves off, merge with Billabong, and away we go.
Oaktree Capital Management LP is close to hiring AlixPartners LLP to advise on its efforts to take over Quiksilver
November 2, 2015 — 7:14 PM PST
Oaktree Capital Management LP is close to hiring AlixPartners LLP to advise on its efforts to take over Quiksilver Inc., according to people with knowledge of the matter.
As Quiksilver’s primary lender, Oaktree has the inside track on buying the company. However, the surf-wear retailer, which filed for bankruptcy in September, also contacted potential private-equity buyers, said the people, who asked not to be identified because the discussions are private.
Authentic Brands Group is actively looking at the assets, people with knowledge of those discussions said. Sycamore Partners, which controls Jones Group Inc., is among firms that spoke to the company, but it passed on a bid, people said. Golden Gate Capital, owner of outdoor clothing retailer Eddie Bauer, also had talked to the company, one person said.
AlixPartners will help Oaktree with research in bidding for the retailer’s assets and mapping out an operational plan, the people said.
Oaktree won court permission last month to provide $175 million of bankruptcy financing after it agreed to drop a $20 million breakup fee. Winning the financing put Oaktree in a commanding position to take over the Huntington Beach, California-based company when it emerges from bankruptcy around the end of January.
Representatives for Quiksilver, Oaktree, Golden Gate and Sycamore declined to comment, while spokesmen for AlixPartners and Authentic Brands didn’t immediately respond to messages seeking comment.
Court-monitoring restructuring and ("Potential Sale Of Quiksilver.")
Will Altamont Capital Partners make a bid for Quiksilver?
Judge wants to see a better deal for Quiksilver!
Can Oaktree be the only bidder?
So far we've seen a bid from Brigade Capital Management LLC...
October 29, 2015
Quiksilver's $175M Ch. 11 Financing Gets Final Approval
A Delaware bankruptcy judge gave Quiksilver final approval on Wednesday to tap financing worth up to $175 million to fund the sportswear retailer's operations as it continues to pursue a court-monitored restructuring and ("potential sale of the business.")
Buy Rated Stock Watch: Quiksilver, Inc. (NYSE:ZQK)
By Stocks Daily Staff - October 8, 2015
Will Altamont Capital Partners make a bid for Quiksilver?
Hmm,
MERVIN MANUFACTURING ACQUIRED BY ALTAMONT CAPITAL PARTNERS.
MERVIN ANNOUNCES THAT WITH NEW OWNERS SUPPORT THE TRADITION OF INNOVATIVE BOARDS HANDCRAFTED IN USA WILL CONTINUE. BITCHIN’! (NEAR CANADA, November 7, 2013) – Today Mervin Manufacturing, home of Lib Tech, Gnu and Roxy snowboards, recognizes its official change in ownership from Quiksilver, Inc. to Altamont Capital Partners (Altamont). Mervin Manufacturing will continue to adhere to the core principles that have guided the evolution of the company since its founding in 1977. With the support of Altamont, Mervin will remain focused on manufacturing high performance, environmentally responsible snowboards, skateboards, skis, and surfboards in their Sequim, WA factory. Under Altamont’s ownership, Mervin will operate as an independent, standalone company. There will be continuity across all areas of the company, including leadership and staffing, manufacturing, sales and marketing. Mervin has entered in to a license agreement with "Quiksilver" to produce and distribute Roxy branded snowboards, bindings and skateboards. The relationship will work similarly to how it has in the past, with "Roxy" sharing brand marketing and athletes and Mervin designing and building the snowboards in the USA, near Canada.
Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area. Altamont is focused on investing in businesses where it can partner with leading management teams to help the companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries.
Oh well, guess we'll all see soon enough.
Come on Quiksilver, go baby go!
Judge wants to see a better deal!
1 cent, 10 cents, 40 cents, it's going to been interesting.
If all else fails, BUY the IPO :--)
1 cent Wow!, for a Billion Dollar asset.
Oaktree and Bank of America would not have pumped money into ZQKSQ it if wasn't.
Still, some of us made money on American Airlines?
Another American Airlines in the making?
Lose a $2,000.00 :--(, or make $100,000.00. :--), it's a roll of the dice, who ever said it was going to be easy, anyway.
Contributing to this board hoping shorts are wrong.
Last resort, see an Oaktree, be an Oaktree! (IPO)
*Judge took the 20 million dollar Oaktree cancellation fee clause away from Oaktree.
*Judge say's "I want to see a better deal".
*Judge say's "I want to see Quiksilver make a real effort for a better deal".
Allows Quiksilver to pursue 2 paths.
A better deal should materialize, a way better deal !, there's away to much money at stake to allow the Oaktree/Quik deal to go through.
Quiksilver USA division will be streamlined and more efficient with the store closures out of the way etc.
A more lean mean operating machine!
15% growth forecast already mentioned by analysts.
This billion dollar company will succeed!
ZQKSQ @10 cents, Whoopee!
Quik will go to .40 on an offer that BK Judge Shannon would love to see.
Judge states he wants to see a better offer for Quiksilver.
If judge suspects ZQKSQ not making a real effort for a real better deal, kiss January 25 goodbye, Judge will extend time frame.
Quiksilver is worth a billion, and should have not been allowed to file BK.
Oaktree, (hopefully another suitor comes along, Judge Shannon wants to see a better deal) will make millions on an IPO.
This 500 million debt relief is wild, new IPO stock goes over $2.00 immediately, wow!
Hope Judge see's through this scam!
Common stock and unsecured get shafted, others make millions.
Quik/Oak only using Chapter 11 to line their pockets.
...
Toto, I do not think we're in Kansas anymore.
Yes, June 30, 2016 Institutional postings.
However they usually have a heads up somewhere along the line, they're not stupid people.
We'll have to see their latest institutional posting's which should be out very soon.
"Now that should be very interesting!!"
Judge Shannon wants to see a better deal for Quiksilver!
ZQKSQ...5 Year Growth Estimate 15%
Industry 5 Year Growth Estimate 13.66%
...
ZQKSQ's
Past 5 Years -5.83%
Next 5 Years 15.00%
....
Judge Shannon wants to see a better deal for Quiksilver.
These Institutional Buyers Took New Positions in ZQKSQ
New Positions 20 3,641,978
53 Increased Institutional Holders
LONESTAR CAPITAL MANAGEMENT LLC 06/30/2015 1,000,000 1,000,000 New 1310
FIREFLY VALUE PARTNERS, LP 06/30/2015 475,000 475,000 New 6
NOMURA HOLDINGS INC 06/30/2015 418,042 418,042 New 5
GRAHAM CAPITAL MANAGEMENT, L.P. 06/30/2015 414,697 414,697 New 5
SOROS FUND MANAGEMENT LLC 06/30/2015 323,800 323,800 New 4
CYRUS CAPITAL PARTNERS, L.P. 06/30/2015 279,900 279,900 New 4
Read more: http://www.nasdaq.com/symbol/zqksq/institutional-holdings/increased#ixzz3q4Mo9Fc2
Judge Shannon wants to see better deal for Quiksilver ...
Judge Shannon want's to see a better deal for Quikslver...
Historical Short Selling Data For ZQKSQ
Date VolShorted High Low Close ShortVol RegularVol
Oct 29 3.46% 0.0143 0.013 0.0133 14,999 433,923
Oct 28 1.17% 0.0145 0.0131 0.014 14,706 1,257,680
Oct 27 6.63% 0.0167 0.0131 0.0132 36,912 557,108
Oct 26 28.38% 0.016 0.0135 0.01395 681,966 2,402,614
Oct 23 14.21% 0.0159 0.0145 0.015 63,568 447,302
Oct 22 10.39% 0.016 0.0125 0.0149 381,279 3,670,450
Oct 21 53.92% 0.0165 0.015 0.0155 504,217 935,115
Oct 20 13.25% 0.017 0.0153 0.0154 268,385 2,026,309
Oct 19 8.80% 0.017 0.0135 0.01605 476,098 5,407,550
Oct 16 6.55% 0.01525 0.013 0.014 91,997 1,403,515
Oct 15 26.27% 0.0154 0.0131 0.0149 835,514 3,180,538
Oct 14 15.72% 0.0145 0.0131 0.0132 213,389 1,357,062
Oct 13 13.03% 0.0148 0.01215 0.014 296,814 2,277,931
Oct 12 7.96% 0.0124 0.0105 0.0119 235,000 2,951,305
Oct 09 2.10% 0.014 0.01 0.0115 160,784 7,650,993
Oct 08 3.35% 0.015 0.012 0.013 340,761 10,177,074
Oct 07 11.87% 0.0165 0.014 0.0141 241,300 2,032,021
Oct 06 5.44% 0.018 0.0146 0.01575 150,824 2,773,517
This month, ColEx submitted a revised offer that Quiksilver accepted.
Quiksilver Seeks to Sell Shoe Brand
MEDIHA DIMARTINO
Wednesday, October 28, 2015
Quiksilver Inc. in Huntington Beach is asking a bankruptcy court to approve the sale of its Ampla running shoe brand to a pair of former executives for $200,000.
Rob Colby, president of Quiksilver’s Americas region from November 2011 to February 2015, and Charles Exon, former chief legal officer who left the company last year after a 12-year tenure, formed Long Beach-based ColEx Inc. They sent an initial purchase offer in July, according to documents filed with the U.S. Bankruptcy Court for the District of Delaware. Rhone Athletic Apparel, a men’s activewear company, and Breakaway, a brand capital firm, followed suit in August, but didn’t express further interest.
This month, ColEx submitted a revised offer that Quiksilver accepted.
“The Ampla Assets are outside of the core business of the Debtors, and accordingly, the Debtors do not plan on further developing the Ampla brand,” said Andrew Bruenjes, chief financial officer for Quiksilver’s Americas division, in an affidavit filed with the U.S. Bankruptcy Court. “The debtors’ efforts are currently focused on improving on their core business lines. As such, the Ampla assets are not providing any benefit to the debtors, and monetizing such assets through the sale will maximize their value for the debtors’ estates and creditors.”
Colby was part of the team that began development of Ampla in 2013. The shoe has a carbon fiber plate in the sole that was designed to maximize the efficient use of force while running, according to court documents. Quiksilver holds several trademarks related to the Ampla name, associated logo and has obtained the rights to certain patents associated with the carbon fiber plate technology. Some 2,000 shoes were manufactured but the company ultimately determined to cease further development of the brand. Less
What Quiksilver really say's about their/our common stock!
It is too early to definitively determine if our chapter 11 plan of reorganization will allow for distributions with respect to our common stock. It is possible that these equity interests will be cancelled and extinguished upon the approval by the Bankruptcy Court of any such plan and the holders thereof would not be entitled to receive, and would not receive or retain, any property or interest in property on account of such equity interests. In the event of a cancellation of these equity interests, amounts invested by such holders in our outstanding equity securities will not be recoverable. Consequently, our currently outstanding common stock would have no value. Trading prices for our common stock are very volatile and may bear little or no relationship to the actual recovery, if any, by the holders of such securities in the Bankruptcy Cases. Accordingly, we urge that extreme caution be exercised with respect to existing and future investments in our equity securities and any of our other securities.
(Reminds me of American Airlines' statement)
IMO, It's not over till the fat lady sings, and or thanks to Judge Shannon a better deal comes along, "Judge Wants To See A Better Deal"! and so do the common stock holders.
By-the-way, When we hit a cord with the Shorts and or Market Makers stock usually will drop, their way of trying to shack you out or dilute statements, buy more stock, do not sell on the dips or be discouraged, only way to win is to buy till your good and ready to sell. We could see 40 cents by January 25th, 2016.
More money made by everyone, and I mean everyone if/when ZQKSQ common stock survives, a penny and a half Wow!
500,000 shares @ .015 = $7,500.00
Sell @ $2.00 =$1,000,000.00 (that's a 1 million dollars)
Sell @ $4.00 =$2,000,000.00 (that's 2 million dollars)
The big boy's, institutional players make Millions upon Millions of dollars.
Smart investors at least wait till we get closer to January 25th's court hearing before pulling any triggers, buy on dips till then. IMO
Citigroup says Quiksilver worth a Billion Dollars...
BK Judge Shannon wants Quiksilver to aggressively seek a better deal than Oaktree is offering!
Quiksilver, Inc. designs, develops, and distributes branded apparel, footwear, accessories, and related products primarily for men, women, and children. The company provides its products for various activities, including casual and outdoor lifestyle associated with surfing, skateboarding, snowboarding, BMX and motocross, rally car, and other activities. It offers its products primarily under the Quiksilver, DC, and Roxy brands through a range of distribution channels, including wholesale accounts, such as surf shops, skate shops, snow shops, sporting goods stores, discount centers, specialty stores, online retailers, and select department stores; 935 owned or licensed company retail stores; and e-commerce Websites. The company primarily operates in the United States, Canada, Brazil, Mexico, Europe, the Middle East, Africa, the United Kingdom, Russia, South Africa, Australia, Japan, New Zealand, South Korea, Taiwan, China, and Indonesia, as well as North, South, and Central America. Quiksilver, Inc. was founded in 1969 and is headquartered in Huntington Beach, California. On September 9, 2015, Quiksilver, Inc. along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.
*BK Judge Shannon wants Quiksilver to aggressively seek a better deal than Oaktree is offering!
*Citigroup says Quiksilver worth a Billion Dollars.
*Oaktree knows Quiksilver's worth over a Billion Dollars.
*Citigroup say's Quiksilver worth a Billion Dollars.
*BK Judge wants to see a better buyout for Quiksilver....
*Quiksilver now stream-lined after selling off, closing unproductive stores etc.
Writings on the wall.
Why do you think Oaktree is so willing to convert their secured equity to common stock.
If Judge approves BK in January, that's if no new buyer's shows up, Oaktree doubles their money easily in an IPO when all the analysts show up up-grading and bragging on Quiksilver.
I still think White Night Buys ZQKSQ, for a Billion plus, share holders whole and richer after buying more of this stock for a penny and a half, wow!
Last year Citigroup stated Quiksilver could fetch $900 million to $1 billion.
IMO worth allot more today!
In other news, somethings afoot, Quiksilver has/is/currently in progress, implementing heavy marketing and advertising with Motion Picture Industry.
Citigroup states Quiksilver could fetch $900 million to $1 billion...
Citigroups McShane and Van der Ghinst believe Quiksilver could fetch $900 million to $1 billion
McShane and Van der Ghinst believe Quiksilver could fetch $900 million to $1 billion.
Citigroup’s Kate McShane and Corinna Van der Ghinst wonder if VFC (VFC) will buy Quiksilver:
[We] believe VFC is the most likely apparel company in our universe to make an acquisition in 2014. Our meetings with management have indicated that with the Timberland acquisition fully integrated & growth plans on track, and having returned the balance sheet to pre-TBL debt levels, they are actively seeking their next deal…
Following VFC’s unsuccessful bid for Billabong LY, we think Quiksilver could be a consideration, based on: 1) a strong, authentic action sports brand; 2) a solid girls’/women’s brand in Roxy, which we believe still has significant potential, esp given ongoing strength in kids’ action/activewear, 3) DC Shoes, which would complement VFC’s Vans; & 4) Quiksilver should also help alleviate some of VFC’s 2H exposure, as it is more of a 1H brand.
McShane and Van der Ghinst believe Quiksilver could fetch $900 million to $1 billion.
As of Oct.27, 2015 (Google Finance Information)
Range 0.01 - 0.02
52 week 0.01 - 2.75
Open 0.02
Vol / Avg. 557,108.00/6.22M
Mkt cap 2.44M
Shares 172 M
Inst. own 55%
That's 94.6 Million Institutional shares outstanding.
If Quiksilver allows them to lose millions of dollars, the industry will treat them like a plague, no matter how this thing comes out.
IMO, that alone means the common stock will survive!
A banker has told a US court that Oaktree may consider combining Quiksilver with Billabong "at some point."
Speculation that two of the world's largest action sports brands may eventually get together is rapidly gaining momentum as Quiksilver fights for its survival in the USA.
US investment company Oaktree Capital, which owns 19 per cent of Billabong and much of its debt, is set to emerge with control of Quiksilver as part of a $US175 million refinancing of the beleaguered retailer's US business.
?One of Quiksilver's bankers, Durc Savini from Peter J. Solomon Co, told a US court that Oaktree may consider combining Quiksilver with Billabong "at some point."
Oaktree acquired an 18.7 per cent stake in Billabong in 2013 as part of a $350 million debt and equity refinancing deal with fellow US investment company Centerbridge Partners. Billabong is also seeking to refinance about $US200 million of debt held by Oaktree and Centerbridge.
The judge said he was swayed after Oaktree told him Quiksilver could still be shopped around throughout the bankruptcy process. Judge Shannon said that he was "struggling" with the break-up fee, which Oaktree could have collected if Quiksilver chose another buyer to support its plan.
"Oaktree's prepared to walk away from the break-up fee. We are not going to make your honour make that decision," said Patrick Nash, an attorney for Oaktree. "There are gives and takes."
Under the Oaktree-backed plan, Quiksilver would exit court protection with about $US500 million less debt. Oaktree owns about 73 per cent of the chain's $US279 million in senior notes, which would be exchanged for a majority of the reorganised company's equity (stock). Unsecured creditors, owed more than $US200 million, would split about $US7.5 million.
Oaktree is providing $US115 million in financing to help fund operations while the company restructures. The other $US60 million is being supplied by Bank of America Corp to pay down amounts owed to the bank from before bankruptcy.
Bloomberg
Let's hope for a sweater deal!!
Judge Shannon stated that he wants to see a better deal than Oaktree if offering.
Judge want's Quiksilver to be more aggressive in pursuing that better deal!
May happen yet, IMO Quiksilver splits USA/Asia operations, merges USA with Billabong.
If ZQKSQ follows through with current Oaktree deal and Judge approves on January 25's court date, look for a new IPO, current stocks will be cancelled Oaktree then owns/run the company.
Quiksilver Up For Sale Until a Chapter 11 Plan is Confirmed
October 15, 2015, 7:21 PM ET) -- A Delaware bankruptcy judge agreed Thursday to OK the up to $175 million in stopgap financing and related deal Quiksilver Inc. struck that provides a path to reorganization after lender Oaktree Capital Management LP dropped a $20 million termination fee, provided the surfwear retailer investigates a sale option.
During a hearing in Wilmington, U.S. Bankruptcy Judge Brendan L. Shannon said that while an alternative financing option from Oaktree rival Brigade Capital Management LLC being pushed by the official unsecured creditors committee is a “serious proposal” and a “workable alternative,” he tentatively sided with Quiksilver's argument that the alternate facility wasn't tied to any explicit endgame for the case, and only facilitated an uncertain marketing process.
The judge added he wasn't prepared to override Quiksilver's business judgment to compel the company to forgo a reorganization strategy, which features a debt-for-equity swap with U.S. noteholders, it already has in-hand with the debtor-in-possession financing package from Oaktree and Bank of America NA.
The committee's pieces may fall into place,” Judge Shannon said from the bench. “But I'm not prepared today to roll the dice.”
But the judge also said that Quiksilver must heed calls from the unsecured creditors to conduct a serious market test for the possibility of a bankruptcy auction, and will hold the debtor to the statement that the company is on the block until a Chapter 11 plan is confirmed.
“It is my expectation that this will be a real and robust process,” Judge Shannon said referring to the marketing process.
The judge also moved milestones in the debtor-in-possession financing that would allow a confirmation and/or sale hearing in late January, and said he would not approve provisions that granted Oaktree liens on Quiksilver's nondebtor foreign subsidiaries.
Today Monday, Oct. 26, 2015,1 p.m. - Judge Brendan Linehan Shannon of the Bankruptcy Court in Wilmington, Delaware, will hold a telephone status conference regarding surfwear apparel company Quiksilver Inc's motion for orders to authorize postpetition financing and to use cash collateral. For Quiksilver: Van Durrer II, Annie Li, Mark Shehi, Dain De Souza, John Lyons and Jessica Kumar of Skadden Arps Slate Meagher & Flom.
Smart man!
What Quiksilver really say's about their/our common stock!
It is too early to definitively determine if our chapter 11 plan of reorganization will allow for distributions with respect to our common stock. It is possible that these equity interests will be cancelled and extinguished upon the approval by the Bankruptcy Court of any such plan and the holders thereof would not be entitled to receive, and would not receive or retain, any property or interest in property on account of such equity interests. In the event of a cancellation of these equity interests, amounts invested by such holders in our outstanding equity securities will not be recoverable. Consequently, our currently outstanding common stock would have no value. Trading prices for our common stock are very volatile and may bear little or no relationship to the actual recovery, if any, by the holders of such securities in the Bankruptcy Cases. Accordingly, we urge that extreme caution be exercised with respect to existing and future investments in our equity securities and any of our other securities.
(Reminds me of American Airlines' statement)
IMO, It's not over till the fat lady sings, and or thanks to Judge Shannon a better deal comes along, "Judge Wants To See A Better Deal"! and so do the common stock holders.
Quiksilver's "worth what!!!"
Quiksilvers still loved in these Counties...
Brasil
US & Canada
APAC / ASIA
Australia
New Zealand
Singapore
Malaysia
Philippines
Indonesia
China
Japan
Hong Kong
Korea
Taiwan
EUROPE
Norge
United Kingdom
France
Österreich
Belgium
Ceska
Danmark
Deutschland
España
Ireland
Italia
Netherlands
Polska
Portugal
??????
Slovakia
Suomi
Sverige
Switzerland
AFRICA
South Africa
That's what I call a global presents!
Quiksilver's "worth what!!!" DC/Roxy/Quiksilver brands still hot, especially Roxy as of late.
We'll wait for that better deal.
Thk's Judge Shannon!
...
Quiksilver, Roxy, DC brands alone are worth allot more than what Oaktree is offering,
forget about the distributions centers etc.
Share holders will be rewarded for hanging in there.
A nice surprise :--)
Lots of time for new bidders!
Thanks, Judge Shannon.
We'll see what Judge Shannon has to say about that...
Judge is paving way for a better deal...
Starting with canceling the $20,000,000,00 Oaktree breakup fee.
Judge Shannon states, "wants to see a better deal", that's plain English to me.
Bids are just starting to come.
Sooo, Oaktree deserves the company, share holders deserve nothing, hhmmm, what's wrong with that picture, I wonder.
See you in court. :--)