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Message: <blockquote data-quote="jefgorbach" data-source="post: 5417629" data-attributes="member: 28278">Daily Finance confirms Borders was counting on an Xmas miracle to reduce ongoing operating losses. However Management was on the Naughty list making the long expected bankruptcy an almost certainty sometime this year as remaining suppliers refuse to continue extending credit for unpaid inventory. Furthering the depressing news is the company's CIO and General Counsel manned this sinking ship's lifeboat yesterday. Investors, who saw their shares end the year at a measly $0.96 (below the NYSE required $1 minimal trading value) are already following suit, forcing shares down another dime this morning on higher volume than average for the past 6 months. Expect the NYSE to delist the stock should this trend continue, forcing it into the more risky universe of penny-stocks.BTW hopes of a Barnes & Nobles buyout foundered last August when they began looking for someone to buy them!------------------<a href="http://www.dailyfinance.com/story/company-news/borders-getting-closer-to-the-booksellers-final-chapter/19782328/" target="_blank">Borders: Getting Closer to the Bookseller's Final Chapter - DailyFinance</a><a href="http://www.foxbusiness.com/markets/2011/01/04/borders-executives-resign/" target="_blank">Two Top Borders Executives Resign - FoxBusiness.com</a><a href="http://gawker.com/5724279/borders-death-watch" target="_blank">Borders Death Watch</a></blockquote>