Pacific Sunwear of California Inc fka PSUNQ

[Greus]

They didn't use all the money from the loan and they were given extra funds for seasonal use.
"The assets on the balance sheet were grossly overstated"
Exactly. While your points of looking at Quicksilver and knowing the retail mortar was in dire straits. Listening to the webcasts and reading the filings and talking with Gosselin on the phone, led shareholders to hang on and potential investors that they will continue thru 2016. There was no notice of possible BK. Especially as fast as they did it. and guess what....they are still in business and will continue to be. The CH11 BK just makes it easier. and now they don't have to worry about the cost or hassles with being listed on the exchange. They knew what they were doing and screwed over shareholders, employees and vendors they buy their stuff from.