They withheld actual debt numbers, they said they were going to sell the real estate and lease it back. They stated any debt payments were not due until December 2016, yet they rushed into BK anyways. There was no mention of possible bankruptcy in their SEC filings or webcasts. The Greek investor sold most of his shares in March 2015. The upside down flag shirt issue in Foley Al was in May 2015. The share price decreased the next day and never recovered.
Rumors are it was staged to tank the PPS and make it easier for Golden Gate to take over. They had it planned. "golden state of mind"
The last SEC filing states shares are cancelled and that Golden Gate gets all the shares and the company. Employees, vendors were not paid, and Shareholders were robbed.
They are still in business.
Ernie Sibal, Gary Schoenfeld, Craig Gosselin, Michael Kaplan are crooks and should be taken to court to explain their actions. They are getting their million dollar salaries, bonuses and retirement packages.
