It is going to be nice when they do and of course they want to break out to encourage investors so they can start making revenue and start reorganizing they are doing great over sea's they just need to harness that in the U.S. they had way to many stores here and at bad locations. When i heard they where closing stores i didnt think OH NO i said good they are cutting dead weight and saving on manufacturing orders because those goods will be shipped to places where demand is high. (Smart Thinking) on Quicksilver's behalf.
I am not selling my shares at all im holding which IMHO i think everyone should do. That whole cancel statment is required to be in every chapter 11 chapter 11 is their choice they are not forced into it the court does not grant everything and the company would rather break out and find a solution rather then follow through with a chapter 11. Most companies that even file chapter 11 who are publically traded don't even cancel their shares 90 % of the time. This is not some garage shirt printers we are talking about this is QUICKSILVER and if you ever visited the other side of the world you would see they are very popular and have been so since the 70's. The fact that they are one of very few clothing lines around still from the 70's should speak volumes to investors in a positive light.
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