Replies to post #15099 on Sharing Knowledge in Smallcaps

[KauaiPI]

Tim~tftr~VTSI.ob (KKD)... I appreciate your insights...

your projections seem right on VTSI as the shares are now trading last I looked at .34

I should have asked about KKD instead lol

Stabbed by a falling knife lesson to share... went to bed after placing a buy order (good for the day) for KKD thinking the worst was over... bad error. Just hit my stop loss and KKD has become my fastest IN(6.69)/OUT(6.03) of my investing history with a 10% loss in only a few hours.

It is apparent I am not the trader I hoped I was <bg>

Associated Press Krispy Kreme to Pay Turnaround Firm $400M Thursday February 10, 1:52 pm ET
By Paul Nowell, AP Business Writer
Krispy Kreme to Pay Turnaround Firm $400,000 a Month, Plus Expenses, to Reverse Financial Struggles

CHARLOTTE, N.C. (AP) -- Krispy Kreme Doughnuts Inc. is paying $400,000 a month to Kroll Zolfo Cooper LLC while the turnaround firm tries to reverse the financially struggling doughnut maker's fortunes

...

Last month, Krispy Kreme forced out longtime CEO Scott Livengood and turned to Cooper and Paganos to try to overcome sinking profits, a federal securities probe and allegations of corporate deceit.

In Cooper and Paganos' first major move, the company announced Tuesday it is cutting 25 percent of its corporate work force -- or about 125 jobs -- and getting rid of its corporate plane. The cuts are expected to save the company more than $10 million a year.

Shares of Krispy Kreme fell $1, or 14 percent, to $6.21 in mid-afternoon trading Thursday on the New York Stock Exchange. That is an all-time low for the company's shares, which traded near $50 less than two years ago.

Even with the savings, the company has said it needs additional credit to fund operations and capital expenditures.

Lenders who control Krispy Kreme's $150 million credit line agreed last month to extend to March 25 a deadline under which the company will be in default, because it still has not filed quarterly financial statements for the period that ended Oct. 31.

In return, Krispy Kreme agreed not to borrow any more cash without its lenders' consent.

Amid slowing sales, Krispy Kreme has posted losses in two of the last three fiscal quarters. The company is now the target of shareholder lawsuits and a federal probe that helped lead to Livengood's ouster.

Wednesday, Legg Mason analyst Glenn Guard predicted the company will have to close 50 stores in fiscal 2006 and another 23 in fiscal 2007. Krispy Kreme currently has 432 stores in 45 states, Australia, Canada, Mexico and the United Kingdom.