Friday, December 17, 2010 3:07:17 PM
The information that is available to us is that there is a $6.8 million note that matures at the end of this month. I gave you my theories on what I think if we don't see the conversion because of what Gelmon has done in the past. He borrowed from the same lender to pay interest on notes that was due. That's the same as borrowing from your bank to pay your mortgage that you owe the same bank, the debt increases, and will catch up at some point.
You shouldn't make your decisions based on what I think anyway. The simple fact is that shoes are not in the stores promised after 4 months. The Fall Bre line never came to be, and investors have been given the run around for quite some time now.
People should be asking themselves why has this all happened. I'm only sharing my thoughts looking for the same answers any investor should be asking.
I hope that answers your question.
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