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RichieRich49

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RichieRich49

Re: ZENMASTER-1a1 post# 2299

Saturday, 05/02/2009 11:42:24 PM

Saturday, May 02, 2009 11:42:24 PM

Post# of 3325
Fleetwood has discontinued operations at the travel trailer division. The plant in Oregon was one of the plants shut down. They are selling off the assets of that division to raise cash.

Fleetwood is also in advanced negotiation with buyer(s) to sell the RV and/or mfg housing divisions. That is the main reason that they did not need the DIP financing because they have enogh cash to tide them over until the sale is done. We should hear something soon.

BTW...I purchased more shares on Friday in anticipation of the buyout news.
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