Wet Seal Inc.(fka WTSLQ)

[lnong]

That is old news from 12/10/14 (http://www.wsj.com/articles/wet-seal-warns-of-potential-bankruptcy-filing-1418248478?mod=yahoo_hs) that we all know about. The statement that you quoted most likely came from a writer who decided to mingle both old bankrupcty rumors with news from yesterday about store closings into one article. And the way the quote was written mistakenly gives the idea that Wet Seal said it could still file for Ch 11 AFTER announcing store closings. The truth is that Wet Seal spoke of the possibility of filing for bankruptcy BEFORE they made their decision to close stores.

The link I provided says:

"Wet Seal Inc. warned it may file for bankruptcy protection if the teen apparel retailer is unsuccessful in addressing immediate liquidity needs."

Closing stores WILL give them the immediate remedy for addressing the liquidity needs, such as paying back default notices. So, rumors of bankruptcy in the near future is out of the question.