Replies to post #920 on The Bon-Ton Stores Inc. (BONTQ)

[AISI304]

Agreed. No POR yet. Future common status unknown. Chap. 11 BK stocks are always trader plays. Always. Know some plays where folks holding got stuck bigly. VIICQ was one; the rollercoaster jumped the rails. Sad. When I buy Q's, I take profits, and get freebies, etc. If SHs survive, that's super... if not, such is life.

[jet101]

What other news are we looking for?

The Bon-Ton intellectual property assets CSC will own include: all registered trademarks, all domain names and domain name registrations, all customer data and databases (includes 24.5 million unique customer records, the StyleRewards and LoveStyleRewards programs, material operations and management analysis reports, private label brands IP, Google Analytics account, product catalog, social media accounts, and gift card and merchandise card data.

CSC indicates in the filing that it plans to continue operating Bon-Ton under its existing name and other brands, both online at several of its websites, and at some brick-and-mortar stores “selling many of the same categories of goods.”

[1manband]

could be we don't have all the news yet $BONTQ

Yes, you do. The stock is worthless. All those stores have been closed, and the intellectual property sold for peanuts.

Bankruptcy is pretty simple to understand. Common shareholders are DEAD LAST in line for assets. In front of them are Government (usually taxation authorities - Federal, State and Local), then debtors, then creditors, then preferred stockholders. Common shareholders only get what is left after all the classes in front of them receive 100% of what they are owed. That is the LAW.

In this case, Bon Ton's assets are not worth anywhere close to what those classes are owed. There is really no chance that common shareholders will receive anything. Nothing.

Upon the finalization of the bankruptcy, the common stock will be cancelled without payment of any kind. Anyone left holding BONTQ shares will lose 100% of their investment.