ALCSQ A trio of liquidators--Tiger Capital Group LLC, SB Capital Group LLC and Great American Group WF LLC--has agreed to conduct the sales and to pay Alco an estimated $119 million, or 91% of the cost value of its merchandise.
The company's debts include $104 million owed to Wells Fargo Bank and CIT Bank, according to filings, another $15.6 million tied to leases and $24 million owed to trade vendors. So $119 MIL in merchandise there Assets = $222 million Debt = $144 million
hmmmmmmm....opinions??????? This could get real interesting here as there has been support at .16 for weeks and low volume......
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