### Comment:
That’s interesting.  Possible hint they actually will close doors and pay back bond holders/preferred and just go Chapter 11.

### REPLY:
They have more cash than long term debt and are FCF positive. Their lease obligations are extremely short.  
  
  
 Who on earth do they need protection from to file chapter 11? 
  
 Obviously, they’re not doing great. But if you have a tooth cavity the solution isn’t to change a tire. Bankruptcy makes no sense here.

### END.