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Stocks M / Manhattan Bagel Company


Subject:  Re: MAYDAY!MAYDAY! Date:  11/14/1997  11:33 PM
Author:  samjirsa Number:  10 of 24

>>Does anyone have any advice ?<<
I don't!
I still have those shares that I bought a month ago.
I don't understand most of the numbers that the company has released today so far.
Where did the big write-off come from?
Was there a CEO/company board out there watching operating losses mounting to such extend for such a small company?
How could their debt (at 26% before today's numbers) or a refinance of their debt become such a troubling issue that the company talks about chapter 11?
What are we to do now with all this negative news in one day from this company?
Any thoughts?
Appreciate it alot if biganaconda shared his views!

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