Monday, March 13, 2006 12:03:03 PM
Regarding holding back an 8K on a official national rollout, I gave my thoughts on that already. CC could become a 19.9% equity partner w/ no SEC filing necessary for that, only the terms of the deal hammered out and agreed to between the two parties. The shares for something like that would be, IMO, based on average prices of GnF stock a few day up to the 15th (or after or straddle both sides of that date).
It's all within the realm of possibilities based on Schoonover's (new CC CEO) past w/ the BB/NFLX partnership.
I think Target (if talks are taking place) and AAFES (if it'll happen) are in no way "tied" to the CC deal. CC could become a 19.9% equity partner and then let GnF run their business as they see to be the most profitable for them because at that point, what's profitable for GnF is profitable for CC...subs through CC route or not. Now, maybe at that point, CC would like a seat on the GnF board, but that's OK. Again, the point here is to make money for GnF because that would make money for CC, so there's no reason why they wouldn't want them to go for any and all they can handle.
IMO, it would be a win/win for CC and a HUGE win for GnF, IMO. I'm sure if something like this were to take place, CC would be kicking in MAJOR MOOLAH for some SERIOUS online, radio AND TV advertising all for near 100% (if not 100%) nationwide CC store coverage by the holidays.
THINK BIG!!!, because this could be HUGE in 2-3 years time!
lns
p.s. - wow, what a selloff this morning w/ no PR, huh, Degreed. lol
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