Spectrum Brands Holdings Inc (SPB)

[bman007]

News Release says ALL SPC divisions are cash flow positive!!! Unbelievable!!! I guess we live in a world that allows crappy CEOs like HUSSEY to screw up and then ask for a DO OVER!!! Based on the fact "All of Spectrum Brands' ongoing international operations are cash-flow positive", I'd expect to see some objections filed next week. How does HUSSEY get to declare BK and screw commons when he is cash flow positive!!! Sorry HUSSEY but you need to try harder!!! This smells like some back door deals to me. Send emails to reporter of Atlanta Journal asking them to look into this:

PÉRALTE C. PAUL
[e-mail]

*CEO said company was cash flow positive and had no idea why pps was down?
*Why was IR telling shareholders new exchange was being sought, ways to increase pps, etc.?
Why did insiders sell just a few weeks before BK?
Were the LBO boys forcing HUSSEY to go BK?


Here is news:

http://biz.yahoo.com/bw/090206/20090206005131.html?.v=1


IS THIS KENT HUSSEY'S HOME ADDRESS AND PHONE NUMBER?

http://www.google.com/search?q=KENT+HUSSEY+GA&hl=en&rls=com.microsoft:en-US&pb=r&ei=C2CMSaGiAZnMsAP9-t2SCQ&sa=X&oi=rwp&ct=title