Decorator Industries Inc. (fka DINIQ)

[trendtraderz]

I havent run any valuations lately. And that may be difficult to do now with the Abbotsford WI sale. Where you would deduct the 1.3M they were paid for the business out of the summary of schedules would be difficult unless you are a CPA and I am not. I would assume that the tools and clients were what is sold in that transaction. I believe the building was sold some time in the past (prior to BK) as they had been paying a monthly lease stipend when they entered into BK and wasnt listed in the assets on the summary schedule. The sale of the mobile home division assumedly closed last Friday. I have not seen any online information yet as to the final sale price. It was a stalking horse bid starting at 380K, but from all of the previous stalking horse bid sales, I would think it's safe to say they garnered more than that. And possibly exponentially more. Assets listed going into BK were 8.4M and liabilities at 3.4M. They have been getting more than book value on real estate sales. We are only a month away from POR, hopefully it doesnt need to be extended and we get a peek behind the curtain. I am on cruise control here and not concerned with creditors vs equity situation. I believe creditors will be made whole and there will be 5M for distribution. Good luck!