Quote:
Originally Posted by Ephraim
I doubt they will be able to make even a small run at it, they are in debt to thier suppliers over 25 mil(no way they can generate a decent portion of that with this 60 day liquidation). They were put on a cash only basis by pretty much every wholesaler over a year ago when they stopped paying thier bills. Hell they werent even keeping up the rent payments on many of the stores, thats why the Poco location closed recently.
Thier only chance is a bailout or buyout by someone else in the industry. Truth be told, as much as they are in debt they are quite valuable to some of thier suppliers who stand to lose over 40 stores that were purchasing product from them.
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Great, all we need now is 40 PetCetera locations owned by Hagen
. Add insult to injury why don't ya?
Levi