If one goes back and reads the 2010 ann re 1/10 consolidation...

If one goes back and reads the 2010 ann re 1/10 consolidation which was followed by a 1/1 cash issue which was to clear the co of debt BLY now face the current future with $400 + mil of debt, WHATSUP . I thought that BLY had gone through that exercise once before and never never to be repeated but now BLY is in exactly the same position that it was prior to those events(2009/10). I wonder what tricks that the CEO and top table have up their sleeve this time --- one more time repeat after me NO MORE DEBT !