I really hope this is not the case. However, someone mentioned that these RIFs could be a sign of much bigger changes to come. Any thoughts?
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We just raised $700,000 by selling the Staples Center name and reduced staff by the hundreds. Cash in pocket has gone way up and if its not spent on the executive board it will be spent on trying to buy ODOM.
For sure, ME said it himself on Thursday’s call, if you read between the lines. The sale or bankruptcy is coming. It will be sold as a whole, SBA and SPP or separately and retail with OD/OM.
The question is who will buy it whole or in pieces and when?