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They have a decent following, but their debt scares me. I think they may have a chance, but if there is a second wave of covid, I just don’t see how they could hold on, and still pay their big payment due. It’s a bit risky. Too many weak mall stores. Bankruptcy may be their best bet. If they file, it clears up a lot of debt, and gets rid of all their bad leases, unfortunately, we the stockholders get nothing. I’m selling at 1.20, taking my profits, and never looking back. Good luck to the Longs, too risky for me!! Zzzzxxxxzzxxxxxxxzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
There are no good reasons to buy this stock. Yes, it moved up a few cents because sales increase over seas, but everywhere else is in the shitter. They bought a few extra months on the financing, but’s it’s still due in August. When August comes around, lights out. Nobody will buy this company, way too much debt, and a business plan from the 50’s. They have nothing special!!! Night night!!! Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
I think they have just a few more weeks before being delisted. I would assume that they will be going a reverse split soon, probably 1 for 4 or 5. If they don’t trey will be on the pink sheet, and then it’s over. Cxxxx
If I’m reading this correctly, they just extended for a few months. They still have to deal with this but now in a couple of months. What’s gonna change in a few months? I’m not sure this is all that good, I guess they don’t have to file chapter 11 today, but probably will in a few months. Xxxxxxxxxxxxxxxxxxxxxxxxxxxcc
Bankruptcy doesn’t mean going out of business immediately. Chapter 11 would reorganize their debt. They would probably close 1/2 of their stores ( get rid of the losers) , get rid of their debt. This would be done with issuing new stock to the creditors, in the new company. And the old stock , would be worthless. If they file, the odds are , the stock you currently hold would be worthless. Cxxxxxxxxxxxxxxxxxxx
They need to come up with something, app this shit get away from store fronts. Do to fitness what dominos did to pizza. On watch for under .42
I’m looking the info they just released. If it’s for the quarter ended March, the next quarter will probably be just as bad , or even worse. I don’t see how it could be better. They mentioned bankruptcy, it may be their only alternative. They have over a billion in debt, and I believe a large portion is due. If they file, they can get rid of debt, and close poor performing locations. It does wipe out the shareholders, but I don’t see a better alternative. Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
I’m hearing bankruptcy!! Stock going to zero by mid month. Can’t find any financing, and notes are due. Zzz
I’ve noticed not one person can explain why this should run. There is nobody that is gonna bail this company out. Malls aren’t gonna be back to previous numbers for at least a year. The internet is killing them and they have tons of debt, which is do, and they don’t have a plan on how to pay it back. It’s days before a bankruptcy, and these morons think it’s gonna pop!! It’s over lights out!! Explain the upside Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Not one reason for this stock to go up, not one!! Probably bankrupt by the end of the year. So many places to put your money. There isn’t one person posting why they think gmc stock should go up, only hoping. There isn’t even a slim chance they can make it. Tell me why , I challenge anyone to tell me why they believe gnc can survive. Vvvvvvvvvvvvvvvvvvvv
