Francesca's Holdings Corp fka FRANQ

[tdeck]

The poison pill stops no one from buying shares, no one, whoever told you that is in a fantasy world.

And CR owns 21.89% of the shares not 19%

The poison pill does nothing except trigger an exercise where owners in mid August will receive by mail in paper form the "right" to buy fractions of preferred stock at $18 per 1/5000th who will do that? Who will go through and buy some? That's why the "rights" will be good until 2022 when they expire.

Cross River isn't buying the stock to take it over as far as what he said to the SEC and the company was that he is buying the stock because it is significantly undervalued.

https://www.sec.gov/Archives/edgar/data/1399935/000091957419004661/d8335895_13-d.htm

Check item 4 "Purpose of Transaction."


Now, in this world we live in especially in business, trust no one, so to protect the shareholders the company put this "Shareholders Rights" deal together to ward off someone trying to buy it out as it is significantly undervalued at the moment in real terms.

I saw one person saying today on another board, well since a company is only worth what someone is willing to pay for it or the stock why stop anyone?????

I was unsure if they were naive or just another liar trying to dupe people into selling their shares to shorts needing to cover now more than ever. The ENTIRE reason the poison pill was brought into being was because unscrupulous pieces of shit in the 80's by way of backroom buying of blocks of stock, purposely shorting large blocks of stock to bring the share price of companies down that weren't the Exxons, Duponts etc companies that were undervalued in terms of stock value for one reason or another.

They would then get control and break the thing up selling it piecemeal making themselves 100's of millions of dollars. Or what would be more likely to happen in this case go in with another large holder or two and with their voting power vote to sell the company to themselves or some other party in some shady shit deal for under its value. They someone/group could walk away with a nationwide $425 million a year revenue company for $20-30 million dollars.

Its all about putting off someone that wants to buy the company out on the cheap, that's why it said at the end

"“Acquiring Person” only after becoming the beneficial owner of any additional shares of Common Stock, subject to certain exceptions."

Cross River just has to send them a form letter saying I am buying my stock as an investment nothing more nothing less. Then when the "rights" are issued Cross River will get theirs all that "ooohhh better take care Cross River won;t buy now, or oooohh better watch out they have to dump their stock now is bullshit. Don;t listen to people and their BS read it for yourself, its easy to understand may take 5-6 tries but you get it in the end.

Everyone has assumed or said Cross River is buying or trying to buy the company, they never said that. I have just said all along I think it will be sold through Rothschild, I am in personal belief 90% sure of it as it is trading for 10-15% of its value at the moment, just on the #'s from Q1 alone, let alone what these numbers will be after all the savings from cost cuts are shown, the increase in cash they have, the more dead money sucking stores they closed, not having the losses from having all the remodels.

The problem is most people cannot take those filings, see what has been done, whats been put in place, who has been fired, yes fired that was doing a dreadful job and costing the company 10's of millions and put it all together.

I am going to make a post showing last Qs numbers what the cash flow burn was, where it came from and why that was the last Q to have such cash burn, it came from completing the remodels already underway, and severance for worthless execs etc, nobody ever says a word not the bloggers with an agenda no one. They just pump out misinformation because they can, because the average investor doesn't know how/where to figure that out. They are liars and thieves just like the thief that comes into your home and robs you family with a gun, same thing they are robbing people of their savings making them sell something they shouldn't, like the aidytrader then he goes to a board on here PES and tells people they need to buy it even though it IS going bankrupt.

They steal telling people to buy and steal telling people to sell, the are lowest form of life always have been always will be, criminals no other way to put it.

Fact remains if the poison pill is in it hurts no one, dilutes no one, it just makes it unpalatable for anyone with an eye of stealing the company through some back room deal.

The only thing those shares are good for is getting a larger piece of the company if someone were to go the back door way and try and buy it as those 16,000 shares of preferred stock will have to be paid too no matter what. So it puts an end to that.

It is something that won't ever happen its just like I said having an open carry permit and thieves seeing the holster with the weapon you have, the thieves move on to easier pickings, never $%^&*() with the guy with the gun.