Replies to post #2975 on Circuit City Group (fka CCTYQ)

[jibberjabber]

Something I found quite compelling in the BK motions filed yesterday.

One of them was requesting an Amemendment to the Utility Motion. Something in reference to $5 million which was part of the BK. It goes on to say "due to the fact there has been a request to amend the DIP". If the amendment to the DIP is approved on Tuesday, they will need to amend the Utility agreement.

Could it be they are not going to close all the stores they had originally anticipated because they got the funding they needed through the sale of Canadian Division or someone is taking on the Canadian Division as going concern?

Either way, I believe they got some funding and now they are not going to close all the stores.

This is better than a novel......LOL

Yes, pure speculation on my part, but these filings comng across the desk are not your normal BK filing requests.

Management requesting a retention bonuse because they are going to meet their goals, Canadian division posting new hire requests for store designer and Managers, now they are requesting a motion to amend the DIP. SOMETHING IS UP!

Let us not forget, the Canadian Division does not fall under the same BK LAWS like the US Laws. The are operating, making money and there is no RECESSION in CANADA Yet.