GNC GNC

Everyone is so mad at Ken. His job was accomplished, he got the secured creditors payed off, and save 100’s of franchises, and thousands of jobs. The company was on a downward spiral for years, created by previous mismanagement. Everyone wants to blame him, but reality is, the company was broken beyond repair, before his arrival. He will reappear in another high ranking position shortly, because he’s good at what he does. You may not like him because your stock is essentially worthless, but he wasn’t hired to make you money. Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

This is the craziest board. Not one person will ever comment or answer anyone’s post. It’s like everyone is just talking to themselves. I guess when your as dumb as this group is, why respond, it’s just ignorance answering really ignorant questions. It’s like people can’t really be that stupid with these questions. This company is bankrupt, no white knight is gonna show up and buy your shares, there is no fairy dust!! It’s over suckers!!!! Done!!!! Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

If they wipe out your shares, and that is almost a certainty, you will not get shares in the new company. They may issue some shares to preferred shareholder and creditors. There is no way common shareholders will receive anything. They have actually said that since the initial bankruptcy filings.

Anyone complaining about the outcome of the gnc common shares being wiped out, should blame themselves. Gnc Warned from their first filing that there would probably be nothing left for common shareholders. You almost always lose buying stock in a bankrupt company. If you want to blame anyone, blame yourself for being ignorant on how this works. Blaming other people for your ignorance, is just showing how ignorant you really are. Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Here’s a price target, zero!! It will continue to dribble down to zero. The shareholders aren’t getting anyone. If your a shareholder, your an idiot, because your to dumb to read, or understand simple business. The shareholders are getting nothing. Learn how to read!!! Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Haha!!! Shareholders get nothing!!!! What a surprise.
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Harbin can’t choose to help the shareholders, and not pay off the unsecured debt. If they did that, it would be showing preferential treatment, and that’s illegal. There are secured creditors, unsecured creditors, and preferred shareholders, all come before common shareholders. The real question, is why would they want to keep the shareholders. It’s dilution to their company, they would own less of it. The way it’s written, they will own 100% of the new company, for 750 million. I’m sure the board wanted this deal, because they received bonuses, to get it done, and probably contracts to help in the transition. They don’t want to, and won’t do a single thing for shareholders, there is not one single reason in the world to help common shareholders. Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

I don’t think there are traditional bears here. People aren’t really trashing the stock. It’s more about confusion. I’m not a bear, I’m a realist. I’ve seen people throw away money on these bankrupt companies for years, and don’t get it. The company even said, there is little chance for investors to recoup their investments, but people keep buying, why?? You would actually have a better chance with lottery tickets. There is no way in hell, shareholders will recover a cent, but people keep buying. Simple math, they owe over a billion dollars to secured creditors, 750 million will go to secured creditors, that’s it. They might offer new stock in the new company, but that means nothing for the old shareholders. This is over!! I wish I could just understand why people think this might make them money. Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

This stock is going to zero, even all the filings say so, but there are still fools that want to believe in this for some strange reason. Xxxxxxxxxxxxxxxxxxxxxxxxxccxxxxx

Am I missing something?? Harbin is gonna pay 750 million to the secured creditors to take over the company, the unsecured creditors, will get 250,000 to split up amongst all of them, the preferred stockholders get nothing, and the common shareholders get nothing!! Why, is anyone buying this??? The stock will have zero value, once the sale is complete. It’s in all the court papers, exactly what will take place. If the government won’t let the sale proceed, gnc will just liquidate, and give the proceeds to the secured creditors. Why, please explain, why is anyone buying this stock, or even thinking they will get anything for their shares?? Are their really this many ignorant people!! Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx