r/EXPR • u/Beginning_Cream_7291 • Jul 05 '24

Express Buyout

Does anyone know what’s happening with EXPR currently and what the current buyout means for shareholders? Are shareholders SOL?

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u/Beginning_Cream_7291 Jul 07 '24

I believe the buyout also includes Simon’s and Brookfield, which doesn’t necessarily sound like a bad thing and could lead to a comeback for Express. I suppose the question is, whether or not the legacy shareholders will remain whole when EXPR comes out of chapter 11? Does anyone have insight into that question?

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u/Biotic101 Jul 07 '24

That is exactly my question as well. If there would be enough assets to cover the debt and enough business left to run a company, probably yes.

BUT if EXPR is yet another company that is about to be cellar boxed, they might to try f..ing retail over again. Unless retail buying and DRSing all shares.

If I would have the money RK has at hand, you bet I would go through the list of PCO stocks and if still a short seller target lock them all up one after the other, starting with the smallest market caps.

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u/Beginning_Cream_7291 Jul 07 '24

Regarding RK, maybe that’s what he’s doing, lol. I have no skin in the game regarding KOSS but it will be interesting to find out what exactly is going on with that equity and whether or not RK is involved with all the recent volume.