LL Flooring Holdings Inc (LL) News

Would also like to know that. Hopefully there will be something left as I believe assets exceeded liabilities. But the entire process is geared to extract as much as possible on top the insane greed ridden razzmatazz and deceit which put it here in the first place. The Executives of this Company Destroyed Investors, they should be held LIABLE. The then Founder again Returns getting the Board Seats he kept saying they were needed to save the company, then Quickly after declares BK, Deceiving those who remained in the stock....all quite Intentionally. Showing Thomas Sullivan as an unethical deceptive man.

Does anyone know what the outcome of the stock will be.

LL Flooring Signs Agreement with F9 Investments for Going-Concern Sale of Business (9/06/24)

Asset Purchase Agreement Includes Acquisition of 219 Stores, Certain Inventory, Intellectual Property and Other Assets

Company Continues to Serve Customers and Provide a Broad Range of Hard and Soft Surface Flooring Both Online and in Stores

RICHMOND, Va.--(BUSINESS WIRE)--LL Flooring Holdings, Inc. (“LL Flooring” or the “Company”) (OTC Pink: LLFLQ), today announced that, as part of its ongoing Chapter 11 process, the Company has signed an agreement with F9 Investments for a going-concern sale of the business. Under the terms of the asset purchase agreement, F9 Investments will acquire 219 stores, inventory in those stores and in the Company’s Sandston, Virginia, distribution center, LL Flooring’s intellectual property and other company assets. The transaction is expected to be completed by the end of September, subject to approval by the Bankruptcy Court and other closing conditions.

Charles Tyson, President and Chief Executive Officer of LL Flooring, said, “We are pleased to have reached this agreement with F9 Investments for a going-concern sale following significant efforts by our team and advisors to preserve the business and maintain ongoing operations. As we move through the court-supervised process toward the approval and completion of this transaction, we remain committed to continuing to serve our valued customers and working closely with our vendors and partners. I continue to be appreciative of the ongoing focus and efforts of our associates to provide the best experience for our customers.”

As previously communicated, prior to entering the Chapter 11 process, the Company conducted extensive marketing processes with respect to its business and certain of its assets. The marketing process garnered significant interest, and the Company has used the Chapter 11 proceedings to continue pursuing a going-concern sale of its business under the Bankruptcy Code. While the Company had filed materials with the Bankruptcy Court on August 30, 2024 regarding the intent to pivot to a full liquidation of the business, the Company was able to subsequently reach the asset purchase agreement with F9 Investments that will maintain the business as a going-concern, pending approval by the Bankruptcy Court.

During the Chapter 11 process and as the Company works to complete the going-concern sale of the business, LL Flooring continues to generally operate in the normal course and remains focused on providing customers with a broad range of hard and soft surface flooring and an exceptional shopping experience. The 219 continuing stores that are part of the asset purchase agreement, along with the Company’s online platform, are open and continuing to serve customers with few changes to store operations and policies.

LL Flooring also continues to work with Hilco Merchant Resources, LLC, to assist the Company in store closing sales at 211 of its locations, including the recently initiated 117 store closings and the 94 store closings already in process that had been previously announced on August 11, 2014. These locations will remain open and serving customers through the store closing process.

Additional information about the Company’s Chapter 11 process is available at www.LLFlooringRestructuring.com.

Court filings and other information related to the proceedings are available on a separate website administrated by the company's claims agent, Stretto, at https://cases.stretto.com/LLFlooring; by calling Stretto representatives toll-free at 855-314-5841, or 714-716-1925 for calls originating outside of the U.S. or Canada; or by emailing Stretto at TeamLLFlooring@stretto.com.

Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel, Houlihan Lokey is serving as financial adviser, and AlixPartners LLP is serving as restructuring advisor to the Company.

About LL Flooring

LL Flooring is one of the country’s leading specialty retailers of hard-surface flooring with more than 300 stores nationwide. The Company seeks to offer the best customer experience online and in stores, with more than 500 varieties of hard-surface floors featuring a range of quality styles and on-trend designs. LL Flooring's online tools also help empower customers to find the right solution for the space they've envisioned. LL Flooring's extensive selection includes waterproof hybrid resilient, waterproof vinyl plank, solid and engineered hardwood, laminate, bamboo, porcelain tile, and cork, with a wide range of flooring enhancements and accessories to complement, as well as carpet in select stores. LL Flooring stores are staffed with flooring experts who provide advice, Pro partnership services and installation options for all of LL Flooring's products, the majority of which is in stock and ready for delivery.

Forward Looking Statements

Certain information in this press release may constitute "forward-looking statements" within the meanings of the Private Securities Litigation Reform Act of 1995, including but not limited to, the asset purchase agreement and the Chapter 11 proceedings and any other statements that refer to our expected, estimated or anticipated future results or that do not relate solely to historical facts. These statements, which may be identified by words such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "assumes," "believes," "thinks," "estimates," "seeks," "predicts," "could," "projects," "targets," "potential," "will likely result," and other similar terms and phrases, are based on the beliefs of the Company’s management, as well as assumptions made by, and information currently available to, the Company’s management as of the date of such statements. These statements are subject to risks and uncertainties, all of which are difficult to predict and many of which are beyond the Company’s control, including, among other things, the following: the outcome of our contingency planning and restructuring activities; settlement discussions or negotiations; the Company’s liquidity, financial performance, cash position and operations; the Company’s strategy; risks and uncertainties associated with Chapter 11 proceedings; the negative impacts on the Company’s businesses as a result of filing for and operating under Chapter 11 protection; the time, terms and ability to confirm a sale of the Company’s businesses under Section 363 of the U.S. Bankruptcy Code; the Company’s ability to obtain Bankruptcy Court approval with respect to motions in the Chapter 11 proceedings; the Bankruptcy Court rulings in the Chapter 11 proceedings and the outcome of the proceedings in general; the adequacy of the capital resources of the Company’s businesses and the difficulty in forecasting the liquidity requirements of the operations of the Company’s businesses; the unpredictability of the Company’s financial results while in Chapter 11 proceedings; the Company’s ability to discharge claims in Chapter 11 proceedings; negotiations with the holders of the Company’s indebtedness and its trade creditors and other significant creditors; risks and uncertainties with performing under the terms of any arrangement with lenders or creditors while in Chapter 11 proceedings; the Company’s ability to conduct business as usual; any challenges and risks associated with the Company continuing to operate and manage its business under Chapter 11 protection, including the provision of any transition services to the purchaser and any risks to the Company’s remaining estate; the Company’s ability to continue to serve customers, suppliers and other business partners at the high level of service and performance they have come to expect from the Company; the Company’s ability to continue to pay employees, suppliers and vendors; the ability to control costs during Chapter 11 proceedings; adverse litigation; the risk that the Company’s Chapter 11 cases may be converted to cases under Chapter 7 of the Bankruptcy Code; the Company’s ability to secure operating capital; the Company’s ability to take advantage of opportunities to acquire assets with upside potential; the Company’s ability to execute on its strategic plan to pursue, evaluate and close an asset sale of the Company’s businesses pursuant to Section 363 of the U.S. Bankruptcy Code; our inability to maintain compliance with financial covenants and operating obligations which would expose us to potential events of default under our outstanding indebtedness; our ability to incur additional debt or equity financing for working capital, capital expenditures, business development, debt service requirements, acquisitions or general corporate or other purposes; a significant reduction in our short-term or long-term revenues which could cause us to be unable to fund our operations and liquidity needs or repay indebtedness; and supply chain interruptions or difficulties. Therefore, the reader is cautioned not to rely on these forward-looking statements.

The Company specifically disclaims any obligation to update these statements, which speak only as of the dates on which such statements are made, except as may be required under the federal securities laws. For a discussion of other risks and uncertainties that could cause actual results to differ from those contained in the forward-looking statements, see the "Risk Factors" section of the Company’s annual report on Form 10-K for the year ended December 31, 2023, and the Company’s other filings with the Securities and Exchange Commission. Such filings are available on the SEC’s website at www.sec.gov and the Company’s Investor Relations website at https://investors.llflooring.com.

https://www.businesswire.com/news/home/20240906798892/en/LL-Flooring-Signs-Agreement-with-F9-Investments-for-Going-Concern-Sale-of-Business

Notice of Service Notice of Liquidation Pivot. Filed by LL Flooring Holdings, Inc. (8/30/24)

https://cases.stretto.com/public/x352/13019/PLEADINGS/1301908302480000000043.pdf

Source: Stretto [Docket 168]

called BK here months and months ago

LL changed to LLFLQ, bankruptcy. Delisted from the NYSE to the OTC:

https://otce.finra.org/otce/dailyList?viewType=Additions

bankruptcy

LL is alive???

weird stock and company

LL is toast

but the volume isnt even much

LL.............................................https://stockcharts.com/h-sc/ui?s=LL&p=W&b=5&g=0&id=p86431144783

Since I'm the first one here, you guy better jump in mates, this one about to blow like ms. Puff

I guess management is just going to let the company go down the tube or try and steal the company from shareholders like they did in the past.

I see that LL flooring founder is trying again to steal the company with a $3 a share proxy bid.

This company needs a change at the top. All management needs to go. They don't know how to improve the company.

One of worst managed companies around. Company is going down and management still being over compensated. They a need a pay cut.

Management tried this back in 2019. After they mismanaged company for years taking high salaries why the the company continued to loose money. They got the stick down so low they can no steal the company from the be honest stockholders.

Looks like management is trying to steal the company from stockholders again at a low price.

Smells like wet Chinese in here.

Did you actually recover, or spend all your money with nothing to show for it?

BREAKING NEWS: $LL LL Flooring Reports Third Quarter 2020 Financial Results

LL Flooring Reports Third Quarter 2020 Financial Results PR Newswire RICHMOND, Va., Nov. 2, 2020 RICHMOND, Va. , Nov. 2, 2020 /PRNewswire/ -- Lumber Liquidators ("LL Flooring" or "Company") (NYSE: LL), a leading specialty retailer of hard-surface floorin...

Got this from LL - LL Flooring Reports Third Quarter 2020 Financial Results

Retrace squeeze! Shouldn't be here anyway since most of their product comes from China and will probably receive an import ban.

If they can't pay their rent, why would they be buying flooring?

News: $LL Why Lumber Liquidators Stock Just Popped 16%

Shares of flooring products retailer Lumber Liquidators (NYSE: LL) are going through the roof in Tuesday trading, up 16.2% as of 1 p.m. EDT after the company's stock was upgraded by analysts at Loop Capital. Loop upgraded Lumber Liquidators shares to "buy" with an $18 price target (from "ho...

Got this from LL - Why Lumber Liquidators Stock Just Popped 16%

Ok. I’ve been out for a while myself. But! It could actually move higher with the re-opening run. I’m playing that possibility with banks and one oil stock myself. Good luck.

Going to chuck it into the dumpster fire with the rest of the companies dependent on Chinese manufacturing.

* * $LL Video Chart 02-25-2020 * *

Link to Video - click here to watch the technical chart video

WEEE! You dang woodchucks, STOP CHUCKIN’ THAT WOOD!

Thanks. I should follow you around, you seem to be on all my best stocks.

Lumber Liquidators Announces Fourth Quarter And Full Year 2019 Financial Results

https://ih.advfn.com/stock-market/NYSE/lumber-liquidators-LL/stock-news/81834975/lumber-liquidators-announces-fourth-quarter-and-fu

LL—GLTA!

Great earnings lumberlings. You darn woodchucks.

Earnings pre market lumber heads. Good luck.

Yes sir, hoping to see this return to it's glory days of 2017. GLTU

* * $LL Video Chart 02-20-2020 * *

Link to Video - click here to watch the technical chart video

Nice to see the movement.

Plenty of PPS moving possibilities ahead here

GLTU/A

Good one!

??

LL



GLTA!

News: $LL Why Shares of Lumber Liquidators Are Higher Today

Shares of Lumber Liquidators (NYSE: LL) were up nearly 18% near market close Thursday after the company updated its full-year guidance earlier today to reflect a favorable ruling from the U.S. Trade Representative. The decision, coupled with optimistic talk out of Washington on a potential t...

Got this from LL - Why Shares of Lumber Liquidators Are Higher Today

News: $LL Lumber Liquidators Updates 2019 Financial Outlook To Reflect Favorable Tariff Exclusions From The U.S. Trade Representative

RICHMOND, Va. , Dec. 12, 2019 /PRNewswire/ -- Lumber Liquidators (NYSE: LL), a leading specialty retailer of hard-surface flooring in North America , today announced an update to the Company's financial outlook for full-year 2019. On November 7, 2019 , the U.S. Trade Repr...

Got this from LL - Lumber Liquidators Updates 2019 Financial Outlook To Reflect Favorable Tariff Exclusions From The U.S. Trade Representative

The company executives have been taking all the funds out of the company for years causing no earnings and lowering the stock price. Now that they have the stock so low they want to stay the company by taking it private. My wife and I attended the last annual meeting which lasted all if about 10 minutes. All they did was vote with no talk about turning the company around or any questions from those that attended.

If this really does go private - what might be offered for the stock? I mean - this is still trading down over the last year and down since July. I'd think a buyout would be at a higher price.

Is this a takeover or a takeunder?


CEO said "If a deal doesn’t take place, Sullivan said he would push for changes

https://twitter.com/equijohn/status/1169312585843433472?s=19

He will, the CEO said "If a deal doesn’t take place, Sullivan said he would push for changes, such as boosting advertising and cutting back on corporate expenses."
Where has this fool been? Why hasn't the company already implemented cutting corporate expenses? First thing they should have done was reduce there bloated salaries.

I guess so after they mismanaged company for years taking high salaries why the the company continued to loose money. They got got the stick down so low they can no steal the company from the be honest stockholders.

Lumber Liquidators Soars as Founder Plans Take-Private Bid
https://www.bloomberg.com/news/articles/2019-09-03/lumber-liquidators-shares-soar-as-founder-plans-take-private-bid

Me, too.

I see it bouncing back above $10, loaded up when it dipped under $8

One of worst managed companies around. Company is going down and management still being over compensated. They a need a pay cut.

added 8.42 here

Disappointed in annual meeting
Nothing was discussed about how they were going to improve the company. Entire meeting lasted about 15 minutes.

Good night Alice....this one gonna get crushed.

https://www.sec.gov/news/press-release/2019-29