American Apparel, Inc. (fka APPCQ)

[aaron_03]

Paula Schneider and Board of Directors are a joke

So let me get this straight. Dov Charney and his investor team proposed a $300 Million takeover bid of the company who has declared bankruptcy and they rejected the offer? What? By all accounts, this bid by Charney and his group is a win-win for everyone involved, including the common shareholders. In the bankruptcy proposal, the common shareholders are wiped out. No question...by them rejecting this bid...its simply a pride move by the incompetent Schneider and the board. Hopefully the judge in this case will have the common sense to side with Charney and his team.