First their earnings are all based on a tax credit...Now creditors are threatening to sue. They just lost that supposed rent the runway collaboration that was supposed to bring in millions... Now their data breach settlement was thrown out which should cost them more millions.. Plus the debt holders are mad their bonds are reduced in value..all in the last week... They been in the news plus caught some of this on Neimans Marcus s---s on Facebook...New CEO thought he was walking into an easy job...
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Colossal Mess! Their ignorance, arrogance led to this. Pride comes before a fall.
They are in shambles indeed...They barely have any cash left and are claiming a business credit line is what will save them. Plus trying to move assets around before a probable bankruptcy