Replies to post #2950 on Circuit City Group (fka CCTYQ)

[jibberjabber]

I dropped by the two Circuit City stores again last night. They moved a hell of lot of merchandise over the past couple of days. I could see them closing those two stores in a matter of a couple of weeks. TVs still not marked down that much. I consider that a big plus. They have moved a lot of TVs just by marking them down only 20%. I am surprised. There could still be a silver lining in all of this for shareholders. JMO

They still have not given us an update on the Canadian division. Something most don't realize, the shell itself is worth some kind of value due to the fact there is no debt against the shell.

I could see them selling the name, the Canadian division, the web site, and the shell. They throw in the shell in the deal, shareholders could still survive. We could walk away with a nice sizeable gain.

They would set it up like a reverse merger deal. I would not be surprised to see Salinas involved in the final deal. There is no record of him selling his shares yet.

Do you realize this shell has no debt against it, only 165 million OS, and about 10,000 shareholders. You kno whow much it cost to go public and how difficult it would to get a shareholder base in place at a premium in today's market?