Rumor has it that Equinox or another unnamed co. may buy? I thought we were dead in the water and wouldn't be worth much!?
9 replies (most recent on top)
Never happen to much debt. Chapter 11 very soon.
Any updates on the sale rumor? Not sure how much more I can take
Agree with the "Yikes!" post comments. More likely scenario is a bankruptcy sale which gives the c-suite their golden parachutes and gives the private equity guys an easy road to dispose a company they know can not be saved.
Yep, who wants to buy debt ?
Too much debt
Better than HR
Is this an HR source? Or speculation.
Giggles & Co. have been looking for a buyer for the past 3 years. They've finally cooked the books to the point where the company appears profitable even with no new sales the past 3+ quarters and a declining customer base. They have outsourced just about every level of support and keeping only a handful of US based teams to give the appearance that we're a US company, otherwise AS could be easily be mistaken for an Indian company. I hope the rumors are true and the company is sold by the end of year.
Anyone with more info, please post. We need good news.
We can only hope