|
Filing info on AFF
Well, the legal filing that AFF did in order to file for an IPO indicates that they are in default on most of their debt already due to various issues. If they are unable to raise the cash needed, they might be forced to sell assetts in order to satisfy the debt.
Someone could buy them out, pay the debt and keep on trucking...or they could raise the money in the IPO, or they might get sold in bits and pieces and someone might take the brand and run with it...all sorts of things could happen.
The bottom line is they are in big trouble and counting on an IPO in the current economy to make things better is a long-shot strategy.
|