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Gap Inc V.GAP


Primary Symbol: GAP

The Gap, Inc. is a specialty apparel company in America. The Company offers apparel, accessories and personal care products for women, men and children. Its Old Navy, Gap, Banana Republic, and Athleta brands offer clothing, accessories and lifestyle products for men, women and children. It is an omni-channel retailer, with sales to customers both in stores and online, through Company-operated and franchise stores, websites, and third-party arrangements. Its omni-channel services, including buying online pick-up in store, order-in-store, find-in-store, and ship-from-store, as well as enhanced mobile-enabled experiences, are tailored across its collection of brands. Gap includes adult apparel and accessories, GapKids, babyGap, Gap Maternity, GapBody, and GapFit collections. Banana Republic is a premium lifestyle retailer celebrating exploration and self-expression through timeless quality, versatile fabrics, and exceptionally made womenswear, menswear, and home designs.


NYSE:GAP - Post by User

Comment by LeftDon Oct 08, 2010 3:29am
495 Views
Post# 17543948

RE: RE: RE: Comments on Current Status

RE: RE: RE: Comments on Current StatusCouldn't agree more with your 3rd paragraph Schiff.  McGinnis is totally out of his element in terms of raising funds to move GAP forward., be it in the public market or through a licencing agreement.  Has he been to "the dance" before - any previous involvement with moving a public company forward where possibly a bit of creativity works wonders? This last feeble attempt to secure adequate financing to carry GAP forward is a prime example, not to mention that he contradicts himself in the news release.  He does not pay attention to the market which is the very vehicle that he is depending on for funding, financing at $.18 when you are trading at $.135 - $.15, that's like a 30% hit.  Who will step up to the plate?  Only those who have that far-reaching belief that the warrants will be in the money.  2010 Aug warrants expired.  How many times can it be sold down and financed?  Folks have lost confidence in management but have no fear - Stormont is here!  Could there be a rollback on the horizon?  When the pressure was on last spring, prior to the AGM,  Stormont backed off, Martin Tremblay was hired and there was a belief that this company would be operated with greater transparency . . . all for the good of the shareholder.  Hold-on, we've already returned to those good old times and as someone mentioned, where is Martin Tremblay?  Under McGinnis's control?  A previous poster mentioned that Bob prefers to field the queries to the company.  McGinnis's salary does not have any performance based incentive attached to it, does it?  There will be a further movement to secure operating funds by November.  I remain a longtime shareholder but likely not much longer as the junior golds have a lot more going for them.  I won't be spouting some idealistic comment about why I have held on this long.  Bob obviously does not realize that when he goes to the public market he has to "sell" the company, he is competing with other public companies for that investment dollar.  When you continue to move the target dates from 2011 to 2012 and then 2013, what does that say about your ability to deliver?  So, does Bob's salary have any performance based incentives attached to it?  Thanks for getting me going Schiff.
LeftD
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