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Selett

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Selett

Re: FORTY-8 post# 4152

Thursday, 02/26/2015 5:17:37 PM

Thursday, February 26, 2015 5:17:37 PM

Post# of 6417
Appreciate that and I'm certainly not trying to get in a pissing match with you...

They sought BK protection b/c they couldn't fund themselves anymore (with $30M+ in Revs!!!). They came close multiple times to reaching CFBE, but couldn't get there b/c the mgmt. team kept raising their already sky high salaries.

HIPP is going to be hugely accretive to whoever buys them. It remains to be seen if the commons will get anything or not, but we should have a better idea by tomorrow afternoon.
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