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