Christopher & Banks Corp (CBKCQ)

[Value_Investor]

Very Bad News! The 10-Q just kicked in at 4:29PM (after the market closing today)!

The financial outcome is terrible: they only have $2M cash left now while they took a brand-new Huge Debt $145.689M v.s. previously CBKC had ZERO Debt before they hired the New CEO in 2018! The Net Asset was also terribly damaged --- from last year's $40.24M to current $12.06M only! The Cash Asset was horribly damaged --- from last year's $23.15M to current $2.24M only!

Before they hired the New CEO in 2018 this stock was traded around $1.00! Now CBKC stuck at $0.06 ~ $0.08xx over Two months!

Therefore the BV crashed to $0.31 from last year's $1.05 and the Cash value crashed to $0.05 from last year's $0.61!

So CBKC should crash to $0.02 ~ $0.0251 from current Bottom $0.06 as soon as next week...

Hopefully tomorrow it still could hold up the current New Bottom at $0.06!

$0.05 as soon as this Friday?