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Replies to post #4226 on ARO Liquidation Inc. (fka AROPQ)
trading.jeff
06/15/16 1:33 PM
#4230 RE: mary777 #4226
The DIP financing is the golden ticket. The financier would NOT have approved the loan had their DD shown any black flags. Countless hours are spent going through financials, and the immediate result is the closure of 150 stores that put up bad numbers. It is these locations that are primarily responsible for the 1Q losses. These stores are now out of the picture. Please note that the remaining profitable stores are loaded now with FREE MERCHANDISE. Under BK protection, AROPQ does not have to pay their bills to the makers of their products. And since AROPQ is in DIP, the makers will continue to ship product to AROPQ as payment is now guaranteed on the new goods. It will give these makers an opportunity to make up for their losses.
TheInvincibleBull
06/15/16 10:05 PM
#4290 RE: mary777 #4226
AUDACIOUSWON
06/17/16 8:17 AM
#4405 RE: mary777 #4226
MOONSHOT
06/23/16 11:03 AM
#4754 RE: mary777 #4226
06/27/16 11:15 AM
#5020 RE: mary777 #4226