GC Warning: "There is substantial doubt about our ability to continue as a going concern.
We have experienced losses for the past two years that continued to accelerate into the second quarter of fiscal 2015, primarily attributed to a prolonged downturn in our business. We may not have enough cash and working capital to fund our operations beyond the very near term, which raises substantial doubt about our ability to continue as a going concern.
In order to meet our expected cash needs for the next twelve months and over the longer term, we will be required to obtain additional liquidity sources, consolidate our store base and possibly restructure our debt and other obligations. In connection with our restructuring efforts, we are exploring alternatives and are engaged in discussions which include the sale of the company, partnership through a recapitalization and investment agreement, as well as both in and out-of-court restructuring alternatives. There can be no assurance that any of these efforts will be successful."
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