Triumph Apparel Corporation (TRUA)

[jtomm]

No, I read that, but what does it mean in terms of money? I haven't been able to find the terms of the license agreement. If anyone has a link, please provide. How much will Danskin have to pay ICON to use what is now ICON's brand?

Is what's left just a money-losing business? If the business were making money, there's no excuse for not posting their audited financials on their own website.

The latest sec filings showed the possibility of over 200m shares outstanding if all the preferred and warrants were exercised. If the company claims it's still far less than that, and if they have audited financials to give to those involved in the transaction, there's no reason they couldn't post those audited financials so their own owners could read them. There may be many hidden liabilities that are not known. Or hidden assets, for that matter. Maybe they own a bunch of valuable real estate, who knows.

But when the company won't post the financials even on their own website, the tendency is for there to be hidden bad news.