There is an article in today's ARN, that states Commander have until February 28 to find $10m (loan repayment) and that they are considering retrenching one third of their workforce, to meet that payment requirement.
The article also states that Commander are currently on Credit Hold with their biggest wholesale supplier.
I'm not sure that the new blood can do anything in the short term to help Commander, with what are clearly very significant cash flow problems.
Based on the above information, I doubt anyone will be paying a premium price to buy Commander shares, any time soon.
Regards
Tails
CDR Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
