Wet Seal Inc.(fka WTSLQ)

[RizK]

They should be profitable very soon. Cut retail overhead by 70% while maintaining 53 % of the retail store revenues. With the end of many competitors recently, WTSL should improve their market share.

Crazy Interests charges, lease buyouts and dead inventory has taken a toll. I'm 50/50 right now, I'm in big (lost 68%), not sure which way this will go. If Riely takes over we are screwed, literally! The lowering of the deal buyout was encouraging, it's my hope WTsl just needed someone to float them a significant amount of money (20m) while they cloSe out a private sale. Who knows