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Old 16-01-2013, 20:25
Karis
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Join Date: Dec 2005
Posts: 3,594
Apparently a part of their business was still profitable - and they have cash in the bank. They've chosen administration as it's a cheaper way of restructuring (ie closing shops) than doing it any other way.
I heard today they don't use "credit" so they don't actually owe much in terms of stock, etc.

It's just a losing game, though...
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