Destination Maternity Corp. (fka DESTQ)

[chemist72]

Yes, definitely a possibility.

My comments on the Feb Monthly Operating Report.

Cash in the bank is down to $1.5M

There is no way in the world DEST will be able to pay much of the outstanding ~$32M in claims.

Therefore, I expect the following regarding remaining claims against the company.

1) I expect all unsecured claims to be rejected by the Court.

2) I expect a "cram down" for the remaining claims for pennies on the dollar amounts.

3) I fully expect DESTQ to file a claims rejection document in May.

Once most of the claims against DEST are rejected by the Court, I expect DEST to file their POR, likely in May as well.

All the above are just my won opinions.