Are you guys serious? Re-listing? Secured creditors are owed $17m. Unsecured creditors are at least another $5m. Without Baskins they have no business making any money....
Cookieman in administration Baskin gone Kenny's loss making and flawed business model V&H loss making, and with a business model change about the only thing with a future. Awesome, not so awesome.
So, where's the value guys? If they sell all the business units... they may make... Cookieman - $1m? Kenny's - $1m? V&H - $2m?
That's $4m vs $20m + in creditors?
What are they going to re-list with? an empty shell?
Don't get me wrong, i've got as much at stake here as anyone - but reality check here guys...
ABQ Price at posting:
25.5¢ Sentiment: None Disclosure: Held