15225 replies to this topic

[Tom]

https://m.fin24.com/...lapse-20181010?

If this is verified and proven, then Jooste can be charged with causing inside trading.

So the losses' compensation claims and court cases can now, at least partly, be directed more to Jooste and/or the insurance that covered him during that time.

[Lionelza1]

And why on earth would that noob do it via text? Jussis that's just dof

[Ms Jet]

Lionel hang in there...re Bloomberg and Jooste told people 2 days before crash..great news..someone looks liable...

[Tom]

In this new article:

http://www.furniture...itive-industry/

it says: " Looking down the road, Hughes said he expects private equity not currently involved in a mattress investment to own the business. “Details are unclear,” he said, “but we believe this business will eventually be owned by private equity as its debt is converted in the bankruptcy process. ".

What does he mean when he says: "its debt is converted in the bankruptcy process" ?

[Lionelza1]

https://m.fin24.com/...lapse-20181010?

[Lionelza1]

Yooohh just saw the close 223.... Wtf... 210 I bail or squeeze harder eish

[Tom]

"

HOUSTON, Oct. 10, 2018 /PRNewswire/ -- Mattress Firm, Inc. ("Mattress Firm" or "the Company"), the nation's leading specialty mattress retailer, today announced that it has received interim approval from the U.S. Bankruptcy Court in Delaware (the "Court") for all of its "First Day" motions related to the voluntary prepackaged Chapter 11 restructuring cases it initiated on October 5, 2018. Collectively, the interim approvals will help ensure that Mattress Firm continues normal business operations throughout the financial restructuring process. The Company expects to complete this process within the next 45 to 60 days.

 

Steve Stagner, Executive Chairman, President and CEO of Mattress Firm, said, "Mattress Firm is open for business and offering customers the best beds at the best prices every day, just as we always have. The Court's interim approvals of our First Day motions represent the successful first steps in the actions we are taking to strengthen our balance sheet and provide us the resources to improve our product offering, strategically expand into new and existing markets and ultimately, provide greater value to the customers we serve."

 

Mr. Stagner continued, "Upon completion of this process, Mattress Firm will remain the largest and most convenient specialty mattress retailer in America, and I'm extremely excited about the opportunities ahead. Importantly, I'd like to thank our talented team for their dedication to our company as we continue working constructively with our suppliers and partners."

 

At the hearing, the Court entered an order granting the Company interim authorization to access an initial portion of its $250 million in debtor-in-possession financing, which will be available to support its ongoing operations during the Chapter 11 proceedings. The Company also received authorization to continue paying employee wages and health benefits and to continue to honor its customer policies and programs, including warranties, returns/exchanges and promotions. The Court also provided authorization for Mattress Firm to pay suppliers and contractors in full under normal terms for all goods and services provided prior to and after the filing date. Pursuant to its prepackaged plan of reorganization, the Company expects suppliers and contractors to be unimpaired by this process.

                         "

Edited by Tom, 10 October 2018 - 07:12 PM.

[Tom]

Mattress Firm Receives Court Approval of "First Day" Motions to Support Business Operations

Receives Authorization to Continue Paying Employees, Suppliers and Contractors as Normal

Obtains Interim Approval to Access DIP Financing

Company Will Continue to Provide Customers with the Best Quality Beds at Prices That Fit Any Budget

Edited by Tom, 10 October 2018 - 07:12 PM.

[leo]

Mr wiese is feeling pain.... What goes around comes around. Hopefully his lawsuit against snh is nullified and perhaps he will make ammends for the purchase of mf

Sent from my SM-G950F using Sharenet Sharechat mobile app

How's your feeling about this share in over the next say 3 months?

Sent from my SM-G935F using Sharenet Sharechat mobile app

[Investment novice]

Mr wiese is feeling pain.... What goes around comes around. Hopefully his lawsuit against snh is nullified and perhaps he will make ammends for the purchase of mf

Sent from my SM-G950F using Sharenet Sharechat mobile app

[LarryK]

Mr snippit could you possibly share a ta?

[Lionelza1]

Hi Lionel. I thought about 2.70 - 3.55,,,but so often we have had the event is already priced in that Im concerned same this time...That's why Im asking what can they tell us next week  as shareholder or potential shareholder to make the share soar...

they will announce the finalization of the restructuring and that all parties agree etc (if they dont then we screwed but highly unlikely), then we should see  volumes, 20 oct is on a sat so maybe announcement on 22nd?.......ok so R3.55 Jet

[Tom]

Hi Lionel. I thought about 2.70 - 3.55,,,but so often we have had the event is already priced in that Im concerned same this time...That's why Im asking what can they tell us next week  as shareholder or potential shareholder to make the share soar...

As long as there are no new bad news, and all is moving according to plan then it should be good news, and also the audited results are not far now.

Edited by Tom, 10 October 2018 - 04:20 PM.

[Ms Jet]

Glad you made on choppies lionel

[Ms Jet]

Hi Lionel. I thought about 2.70 - 3.55,,,but so often we have had the event is already priced in that Im concerned same this time...That's why Im asking what can they tell us next week  as shareholder or potential shareholder to make the share soar...

[Lionelza1]

Think IN will talk when there's something worth saying.... Unlike Polly... She gave up on us completely.... Its coz u ouks were kaking her out for shorting this share

[Lionelza1]

Jet u been asking every1 for predictions... U give us prediction and we'll pray for it .... But plse don't say R9 haha

[leo]

Is investment novice still around or has he sold all his snh shares?

Sent from my SM-G935F using Sharenet Sharechat mobile app

[leo]

But what I mean is everyone has an expectation of what they will say on 20th...and we presume positive. What can they say to make share rise as we already presuming all ok

Really hoping for R4 in Dec.... but don't think so

Sent from my SM-G935F using Sharenet Sharechat mobile app

[Ms Jet]

But what I mean is everyone has an expectation of what they will say on 20th...and we presume positive. What can they say to make share rise as we already presuming all ok