KKD Banruptcy or?

Chefskeez6 said: "just curious if any of you think they can avoid bankruptcy or not. For those of you who do how low do you think the stock will go before it bottoms. They seem to be slightly headed in the right direction, sold company jet, big time layoffs, hired a firm to attempt to fix its troubled finances. From what i read kkd biggest problem is it needs to close about 100 stores and doesn't have the money to buyout the leases and by agreement with its current lenders cannot borrow anymore money until its hands in its financial reports to its lenders march 25."

misterjover said: "[QUOTE=Chefskeez6]just curious if any of you think they can avoid bankruptcy or not. For those of you who do how low do you think the stock will go before it bottoms. They seem to be slightly headed in the right direction, sold company jet, big time layoffs, hired a firm to attempt to fix its troubled finances. From what i read kkd biggest problem is it needs to close about 100 stores and doesn't have the money to buyout the leases and by agreement with its current lenders cannot borrow anymore money until its hands in its financial reports to its lenders march 25.[/QUOTE] I loved those donuts!! (until I started gaining weight :( ) Well, it would take some serious restructuring to bring this stock back above 10, but I think it can find a healthier alternative to bankruptcy. We'll see!"

HappyHarry said: "I'm not sure KKD will completely go under. They still have some moves left, and they still sell a lot of donuts."