Any thoughts anyone?
13 replies (most recent on top)
@3zex Ya sure and I have some waterfront resort property to sell you in the middle of the Sahara desert.
June 11 th 200 played off at Hoffman estates
Yes it will take a while to become profitable again but let's hang in there.
Only 265,000 in shrink? My Kmart in the ghetto had a shrink of nearly 450,000 one year and a slip and fall in shoes (the lady’s leg literally was bent backwards) after slipping on some spilled tide detergent. I will never forget the screaming). Oh and the $450,000 was after the managers decided to add a few trucks and randomly “found” a couple pallets of Kenmore TVs 🙄)
Also, falsifying statements to creditors is loan fraud.
@1fnq - While your statement is true, just because Transform is private doesn't mean that it is exempt from paying local, state, and federal taxes. I'm sure the auditors for those entities would snap to attention if Transform announced revenue of $65 billion!
Since Transform is a private company, they can announce revenue of 65 billion. As long as the owner, Eddie, knows the truth and doesn't care, any "lies" that are reported are not illegal.
The inventory was just counted a couple weeks ago, and the latest P&L available is from May, so the inventory amounts aren’t factored in.
Everyone throughout the company lies when it comes to metrics and it gets overlooked at every level because no one gives a sh– about this smoke and mirrors carnival anymore
We’re waiting for our DM to show up to read the closing announcement. Inventory showed shrink of $265k, P&L is at -$86k, 3 pending worker’s comp claims, sales are at 27% below last year. When does this madness end??
Date for final confirmation of the bankruptcy plan for the liquidating trust was filed in the New York Times (Jul 10th, 2019), Confirmation hearing is set to commence Aug 16th at 10:00 AM.
Shareholders; receiving nothing based on their class (9) voted against the plan; but have little weighting among voting classes. (Any class receiving nothing is deemed to have voted against the plan; as typical in any bankruptcy).
This probably sounds silly but I feel that I need closure to get closure on this part of my life. Every article I read just about says its dying. I feel that as long as they can get a tax write off on the losses they will stay open. I did find the real estate listing for the store that I worked at so they are at least trying to get rid of it. if you Google your store address you might find a listing that will give you some idea