The Great Neostar Debate |
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Riggio's |
With the Chapter 11 filing going nowhere, vendors getting worried as Neostar gets closer to it's $70 million dollar DIP financing limit, the company pretty much needed a miracle to stay alive. That miracle came in the form of Leonard Riggio, an original founder of Software Etc and stockholder of Neostar. He wanted to discuss a hike in the credit limit backed by his own financial resources. As long as the vendors were supportive, things might look up. |