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Originally Posted by hottoddy
Easy tigers. It's just a reorganization. They went way overboard with too many faux low-carb products (which suck). Who wants a $15 low carb cheesecake that still has 25 carbs a slice? They should just stick to the bars.
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Just a reorganization? Try reading the Financial Post some time, I did about an hour ago. The more in-depth story there says that Atkins is actually $325 million in debt, has existing assets worth $300 million, and filed for chapter 11 on Sunday.
If that's what you want to call it, then "reorganization" it is :D