Home >
American Apparel Sells Huge Stocks To Repay Debt, Shares Tumble
P, which has been losing money for nearly two years and is facing delisting, announced that AmericanApparelInc., the US apparel retailer, plans to sell $305 million worth of common stock to repay its imminent debt. According to sources, the company has about 240 million dollars less than a href= "http://www.91se91.com/news/index_c.asp" > debt /a. < /p >
< p style= "text-align: center" > < img border= "0" align= "center" alt= "" src= "" /uploadimages/201403/27/20140327044443_sj.JPG "/" < > > "
The stock price dropped sharply from 22.13% to 0.588 dollars on Tuesday, when p < a href= "http://www.91se91.com/news/index_c.asp" > AmericanApparel < /a > Inc., and the trading session further dropped 6.43%. The stock fell below 1 U.S. dollars in February 14th this year, which is not in line with the listing conditions of the NYSEMKTLLC (original NYSEAMEX American Stock Exchange) of the US small micro market. It was told that it had to submit the improvement plan before April 15th to the exchange before March 21st, otherwise it would be delisted. < /p >
< p > AmericanApparelInc. (NYSEMKT:APP) also grants the Underwriters RothCapitalPartners and BreanCapital the option to purchase up to $4 million 580 thousand in stock within 30 days. < /p >
< p > the proceeds from this stock sale will be used to repay the debt due next month in exchange for financial cushion. As of February 28, 2014, net cash of AmericanApparelInc. (NYSEMKT:APP) was only $4 million 900 thousand, a significant decrease compared to $8 million 700 thousand in December 31, 2013. < /p >
< p > in the 2013 fiscal year ending December 31, 2013, AmericanApparelInc. (NYSEMKT:APP) recorded a net loss of $107 million, a significant increase over the $37 million 200 thousand in fiscal 2012. Group Chairman and chief executive officer DovCharney expects a net loss of $2400 in fiscal 2014. < /p >
< p > at the end of February, foreign media reported that AmericanApparelInc. (NYSEMKT:APP) is contacting lawyers to carry out a href= "http://www.91se91.com/news/index_c.asp" > bankruptcy reorganization < /a >, on the same day, the company's share price plummeted by 32.02%. Foreign media quoted news that some creditors of AmericanApparelInc. (NYSEMKT:APP) have already started organizing and contacting lawyers to ask for repayment. < /p >
< p style= "text-align: center" > < img border= "0" align= "center" alt= "" src= "" /uploadimages/201403/27/20140327044443_sj.JPG "/" < > > "
The stock price dropped sharply from 22.13% to 0.588 dollars on Tuesday, when p < a href= "http://www.91se91.com/news/index_c.asp" > AmericanApparel < /a > Inc., and the trading session further dropped 6.43%. The stock fell below 1 U.S. dollars in February 14th this year, which is not in line with the listing conditions of the NYSEMKTLLC (original NYSEAMEX American Stock Exchange) of the US small micro market. It was told that it had to submit the improvement plan before April 15th to the exchange before March 21st, otherwise it would be delisted. < /p >
< p > AmericanApparelInc. (NYSEMKT:APP) also grants the Underwriters RothCapitalPartners and BreanCapital the option to purchase up to $4 million 580 thousand in stock within 30 days. < /p >
< p > the proceeds from this stock sale will be used to repay the debt due next month in exchange for financial cushion. As of February 28, 2014, net cash of AmericanApparelInc. (NYSEMKT:APP) was only $4 million 900 thousand, a significant decrease compared to $8 million 700 thousand in December 31, 2013. < /p >
< p > in the 2013 fiscal year ending December 31, 2013, AmericanApparelInc. (NYSEMKT:APP) recorded a net loss of $107 million, a significant increase over the $37 million 200 thousand in fiscal 2012. Group Chairman and chief executive officer DovCharney expects a net loss of $2400 in fiscal 2014. < /p >
< p > at the end of February, foreign media reported that AmericanApparelInc. (NYSEMKT:APP) is contacting lawyers to carry out a href= "http://www.91se91.com/news/index_c.asp" > bankruptcy reorganization < /a >, on the same day, the company's share price plummeted by 32.02%. Foreign media quoted news that some creditors of AmericanApparelInc. (NYSEMKT:APP) have already started organizing and contacting lawyers to ask for repayment. < /p >
- Related reading
- Reporter front line | CHIC Moves &Nbsp Again; CYB9 Shows The New Force Of China'S Trend Culture.
- Learning Area | The Steps That A Future Fashion Designer Must Know (Two)
- Expo News | Exhibition Image &Nbsp; Convex Concept &Nbsp; Heavy Communication -2011 Dalian Clothing Expo September Curtain.
- Channel terminal | The First International Buyer'S Purchase Will Be Held During The Dalian Clothing Festival.
- Learning Area | The Steps That A Future Fashion Designer Must Know (1)
- College students'Entrepreneurship | 杜一楠：從哈佛退學創業 站在自己的肩膀上
- Learning Area | Q&A:大師級修眉專家Hilary Foote帶來最好用修眉tips
- Information Release of Exhibition | The Ninth China (Binzhou) International Home Textile Festival Held In Late September
- Web page | Hesion(何金昌增高鞋）清爽系列
- Learning Area | 設計師如何畫服裝設計圖
- 職場人春季美搭 穿出小資情調來
- Japanese Apparel Companies Are Concerned About The New Trend Of "China +1"
- Foreign Trade Enterprises: The Exchange Rate Is Not Strong Enough To Catch Up With Dan Dadan.
- Multiple Factors Led To The RMB Mutual Derogatory Market And The Central Bank Mutual Trial Bottom Line?
- 人民幣貶值讓外貿紡企稍減成本
- Four Sentences To Improve Interpersonal Relationship
- Inventory Of The Five Major Professional Image Of "Killer"
- 送禮也是技術活 送對禮品很重要
- PEAK CEO Xu Zhihua: Footwear Industry Enters The Era Of Supply Chain Competition
- 2014 03, 03 Issue Of China Haining Leather Week Price Index