GBFE - GOLDEN BOOKS FAMILY ENTMT INC Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : GBFE - GOLDEN BOOKS FAMILY ENTMT INC

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RSkarsten who wrote (27)	12/9/1998 9:11:00 PM
From: JEM	Read Replies (1) of 476

LOL - I know what you mean! Here's the 11/5 release they're referring to: go2net.newsalert.com And here are my uneducated guesses tonight, for what they're worth: Possibility #1 - they've got a buyer locked up for the Wisconsin location, and are planning to use the proceeds to take care of their 'indebtedness' and no longer want/need the prior financing they arranged - but they can't announce who the buyer is yet because the deal isn't formally executed yet. This, however, doesn't explain why GBFE felt the need to announce that this financing arrangement is now null and void. Possibility #2 - the financers took a closer look at GBFE's current situation and reneged, and we're in trouble unless the Wisconsin sale goes through pronto or they find financing elsewhere like, yesterday. Possibility #3 - GBFE board/executives got some more detailed info about the terms of that financing they didn't like, and reneged. Possibility #4 - a buyout in the works. Possibility #5 - they're throwing in the towel and are going to file for bankruptcy. Any thoughts? JEM

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next