10-13-2018, 03:25 AM
The liquidation will happen eventually. The creditors want a chapter 7 now, the company wants a chapter 11. I think the hedge fund wants an 11 to bleed a little more revenue out over the holidays, and then close leaving people with no ability to return gifts or cash out remaining gift card balances, etc. We'll find out this weekend... they would have a tough time trying to stay open for the holidays with no inventory and no cash reserves to buy it. None of the vendors are going to front them merchandise.