Are you guys serious? Re-listing?
Secured creditors are owed $17m.
Unsecured creditors are at least another $5m.
Without Baskins they have no business making any money....
Cookieman in administration
Baskin gone
Kenny's loss making and flawed business model
V&H loss making, and with a business model change about the only thing with a future.
Awesome, not so awesome.
So, where's the value guys?
If they sell all the business units... they may make...
Cookieman - $1m?
Kenny's - $1m?
V&H - $2m?
That's $4m vs $20m + in creditors?
What are they going to re-list with? an empty shell?
Don't get me wrong, i've got as much at stake here as anyone - but reality check here guys...
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