Eddie Bauer Holdings (fka EBHIQ)

[temp luvs amy]

Thanks, but I dumped mine around six cents when management publicly stated that the shares would be worthless. I held out hope that eventually the shell would be "right priced" for an RM play, but no such luck. It never got under about $450,000 in market cap, and that doesn't even include the dilution from convertibles.

I prefer cheaper shells.

Gotta give management some credit on being true to their word and showing transparency in a difficult situation. I don't think I would be loaning them any money though. Convertible holders got burned, and should have taken the deal in the early stages.