Quote:
Originally posted by sincity
I totally disagree with you. Pet Capital was in a great position and they chose to play ball with Penthouse, not put them out of business and screw the current shareholders. They very easily could have done that. if they thought that was the better deal for them they would have started from scratch and got rid of everyone including the current stock holders.
Time will tell who is correct.
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And I totally disagree with you - Pet Capital could either close the doors, or structure if for an emerge and sell for some of their money back. They will sell (fire sale) to regain some of the money, as are they receiving part of their investment back by selling 48% of the shares.