whytestocks
5 years ago
News: $VNCE Vince Further Advances Global Retail Strategy With New Store Openings in London and New York City
Vince, LLC (“Vince”), an indirectly wholly-owned subsidiary of Vince Holding Corp. [NYSE: VNCE], announces the opening of its first London retail store location, along with the opening of a new Fifth Avenue flagship in midtown Manhattan. The London store, located in South Kensin...
Read the whole news VNCE - Vince Further Advances Global Retail Strategy With New Store Openings in London and New York City
Value_Investor
7 years ago
Here are the reasons why the 10-K will be filed late --- see the first link below.
Also the company Entry into a Material Definitive Agreement with BOA --- see the second link below.
Again, there is no way for a company with such strong balance sheet "near bankruptcy", LOL!
Yes, VNCE broke down $1.00 and hit the new low $0.95 due to huge shorting activities...
Anyway total 5,898,400 shares were shorted as of 03/31/2017 while the entire float is only 20,855,200 shares!
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11996726
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11996727
Stock Steward
7 years ago
Company is evaluating whether or not they can continue as a going concern within one year.
Co will be reporting material asset impairment charges relating to its goodwill and trade name.
That is the reason for the drop, not shorters, you can no longer short this stock with any reputable broker as the price is too low.
Company generates like $70 mln in rev every 3 months so yes, it is undervalued but there is bankruptcy risk due to the equity cure and the ongoing agreement with Bank of America.
VNCE good luck to all, looks like a few deep pockets are loading today.
Float 20 mln.
short interest is 28% of the float.
Anything positive even remotely in that next annual report and BOOM goes the dynamite for this puppy. $2.10 and beyond easy imo.
Sincerely,
Equity Analyst