GREY:XEBEQ - Post by User
Comment by
filoux004on Oct 02, 2022 5:23pm
146 Views
Post# 35000487
RE:RE:RE:Time to regroup / New ideas
RE:RE:RE:Time to regroup / New ideasHere's my take on Reitmans because their creditors were unsecured debt the Reitman family negotiated a sweetheart deal offering 90M for the approx 160M owned. Immediately got a new 100M revolver crdit line from BMO, shut down 30 percent of stores increased ecommerce effort and back in business. The shareholder base remained intact!!!! But the whole process took close to two years. Peace long and adding more