Quote:
Originally posted by AndrewKanuck
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.
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Tell me what they got from IBD. They sold 48% to a company that does not have any cash. Their stock price went from $6.00 to $1.26.