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BRITT2575

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BRITT2575

Re: BRITT2575 post# 48

Wednesday, 11/19/2014 6:10:43 PM

Wednesday, November 19, 2014 6:10:43 PM

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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......

[img]http://t1.gstatic.com/images?q=tbn:ANd9GcS

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