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Monday, 07/18/2011 7:46:04 PM

Monday, July 18, 2011 7:46:04 PM

Post# of 83050
Here's a story, about Borders Bookstore closing, and how their unsecured creditors rejected the company's plan to sell itself off. This is a paragraph excerpted from an article in todays New York Times:

"The development came as little surprise, ever since a committee of Borders’ biggest unsecured creditors rejected the company’s plan to sell itself to the Najafi Companies for $215.1 million. The committee had argued that the bid by Najafi, which also owns the Books-of-the-Month Club, could have allowed the investment firm to liquidate Borders without letting creditors benefit."

Sounds a little bit familiar !

Anyway GLTA CPRKQ Longs.

I'm a bit discouraged, but will remain hopeful, and will stay the course !

DrBob
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