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#4081 DayTraderDad

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Posted 05 October 2018 - 02:41 PM

Useless fnb still waiting to show 2.50 good grief

You need to look maybe they prices are 15 min delayed


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#4082 Lionelza1

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Posted 05 October 2018 - 02:40 PM

Useless fnb still waiting to show 2.50 good grief
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#4083 DayTraderDad

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Posted 05 October 2018 - 02:39 PM

Sold out. 250

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As I predicted the first IPO to the lenders.

 

- Exit Lender equity - On emergence from Chapter 11, the Exit Term Loan lenders (the "ETL Lenders") will receive 49.9% of the equity in Stripes US Holding, Inc. ("SUSHI") or Mattress Firm Holdco, Inc. (the "Issuing MF Company") at no cost (with the Group retaining a 50.1% equity interest (held by the "Group Shareholder"), together with related shareholder rights including governance rights (see below) and, subject to customary terms and conditions, sale rights with the ability to bring-along a pro rata portion of the Group's retained equity interest.


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#4084 leo

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Posted 05 October 2018 - 02:38 PM

It's going :D


Sold out. 250

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#4085 Lionelza1

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Posted 05 October 2018 - 02:35 PM

It's going :D
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#4086 Lionelza1

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Posted 05 October 2018 - 02:34 PM

How ur gondas feeling leo
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#4087 leo

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Posted 05 October 2018 - 02:32 PM

Mattress Firm financial restructuring

The Company announces that its subsidiary Mattress Firm, Inc., along with its U.S. subsidiaries
(together, "Mattress Firm"), is filing voluntary Chapter 11 cases in the United States Bankruptcy
Court for the District of Delaware (the "Mattress Firm Filing"). The Mattress Firm Filing implements
a pre-packaged plan of reorganisation that, among other things, provides Mattress Firm
access to new financing to support its business and establishes an efficient and orderly process
for closing certain underperforming store locations in the United States.

In conjunction with its pre-packaged plan, Mattress Firm received a commitment for
approximately US$250 million in debtor-in-possession financing with a three-month term to
support its ongoing operations during the Chapter 11 proceedings, the pre-packaged
restructuring process being expected to complete within the next 45 to 60 days. Mattress Firm
also secured a commitment for a four-year term loan of $400 million and an ABL facility of $125
million as exit financing in connection with which the exit lenders will receive 49.9% of the equity
in Stripes US Holding, Inc. ("SUSHI") or Mattress Firm Holdco, Inc. at no cost, with the Group
initially retaining a 50.1% equity interest. In relation to their equity stake, the exit lenders have
customary shareholder rights in relation to governance and sale of their interest with the ability
to bring-along a pro-rata portion of the Group's retained equity interest. There will further be
an unfunded $150 million payment in kind loan which will become repayable by SUSHI upon a
five-year maturity. A management incentive plan in respect of Mattress Firm will be put in
place subject to appropriate vesting conditions.

The Mattress Firm Filing does not directly impact the other operating businesses of the Group
and is not expected to have any material effect on the trading of these operations.


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#4088 DayTraderDad

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Posted 05 October 2018 - 02:32 PM

The Company announces that its subsidiary Mattress Firm, Inc., along with its U.S. subsidiaries
(together, “Mattress Firm”), is filing voluntary Chapter 11 cases in the United States Bankruptcy
Court

And now for a mother short squeze!!! Hahaha


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#4089 Tom

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Posted 05 October 2018 - 02:28 PM

The Company announces that its subsidiary Mattress Firm, Inc., along with its U.S. subsidiaries
(together, “Mattress Firm”), is filing voluntary Chapter 11 cases in the United States Bankruptcy
Court


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#4090 DayTraderDad

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Posted 05 October 2018 - 02:28 PM

Yes I am having another beer dreaming of R2.50

http://www.dgap.de/d...?newsID=1099681


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#4091 DayTraderDad

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Posted 05 October 2018 - 02:27 PM

Hey....is anybody paying attention here

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Yes I am having another beer dreaming of R2.50


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#4092 Tom

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Posted 05 October 2018 - 02:27 PM

Hey....is anybody paying attention here

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Yep.


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#4093 leo

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Posted 05 October 2018 - 02:26 PM

Hey....is anybody paying attention here

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#4094 leo

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Posted 05 October 2018 - 02:12 PM

There's movement....

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#4095 leo

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Posted 05 October 2018 - 10:41 AM

Haha time to have the new SAB beer and dream of R2.40


I took 1 for the team at 2.36.

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#4096 DayTraderDad

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Posted 05 October 2018 - 10:37 AM

Haha leo, gonades sounds Mexican...yea it's moving up and I've noticed that's always a good sign

Haha time to have the new SAB beer and dream of R2.40


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#4097 Lionelza1

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Posted 05 October 2018 - 10:11 AM

Haha leo, gonades sounds Mexican...yea it's moving up and I've noticed that's always a good sign
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#4098 DayTraderDad

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Posted 05 October 2018 - 10:03 AM

Nice article: https://www.4investo...=127583#ref=rss


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#4099 leo

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Posted 05 October 2018 - 09:45 AM

My guess announcement will be done today after 5 pm. I cannot see disadvantages this is the only option they have even AMAZON has now started to sell mattress. The answer to MF is to get rid of all the leases which are not needed and convert MF into a type of PEPCO or Conforama with the selling of mattress. I cannot see a viable business of just selling mattress.


Now there is a strategy, and a very good one that is.

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#4100 DayTraderDad

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Posted 05 October 2018 - 09:42 AM

Reuters sources said MF will file for bankruptcy this week, but so far we are Friday, and no news? could it be today (no news today yet!), or could it be that they are still exploring other options? like negotiating loan, or renegotiating the bad leases?

What could be the disadvantages of filing for bankruptcy chapter 11 on Mattress Firm or Steinhoff?

My guess announcement will be done today after 5 pm. I cannot see disadvantages this is the only option they have even AMAZON has now started to sell mattress. The answer to MF is to get rid of all the leases which are not needed and convert MF into a type of PEPCO or Conforama with the selling of mattress. I cannot see a viable business of just selling mattress.


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