Borders Group Inc. (fka BGPIQ)

[drrugby]

Gambit, GLTA.

This is the First warning letter..

30 Day extension granted..

http://www.bordersreorganization.com/pdflib/59_10614.pdf

Borders has not issued its list of asset and liabilities.

But we do know that GE capital has a 550m$ DIP Loan.

And there are 1$ per share warrant holders of about 1/3 of the outstanding stock.

DrR..