Q Talk

[sunshine 919]

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@Teddixat wrote:

@stellabystarlight    With all due respect, prices  are not coming down, on anything.  anywhere, anyplace.  That is just a fact of life,

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I agree and I believe that this is why people are not shopping as much.  With the economy the way it is a lot of people are struggling to buy food and gas. Not a whole lot of money left for ordering things on line.  

[Sid2020]

Well, I have been expecting this. Who can afford the outrageous prices? I miss Bob Mackie clothing. They were made to last forever. I'm buying more from other places that sells basically the same but at better prices. I think they are gouging us!! 😂🥴🤣

Not me anymore. If I can get it cheaper else where that's is where I will buy. Also some of these new people are grating my nerves along with two blondes that needs to go. Yet, we can complain but it doesn't help and that my dear ladies are why eventually they will close their doors. 

[santorini]

I wonder why they filed it in the Southern District of Texas. 

[geezerette]

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@santorini wrote:

I wonder why they filed it in the Southern District of Texas. 

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@santorini 

"Why the Southern District of Texas?

• Corporate Venue Strategy: The Southern District of Texas is a common venue for large, complex corporate restructurings due to its efficiency and expertise in handling prearranged Chapter 11 cases.

(yahoo finance/google)

[They CallMe MRWILKES]

This District is getting more and more of these complex,  large cases that otherwise would be filed in Delaware or the Southern District of New York.

It also has retailer expertise (JCPenny and Neiman Marcus) and likes to handle prepackaged cases swiftly.

Apparently 25% of "complex cases" are now filed there and is likely to grow.

[silver Goldie]

[Puppy Lips]

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@sunshine 919 wrote:

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@Teddixat wrote:

@stellabystarlight    With all due respect, prices  are not coming down, on anything.  anywhere, anyplace.  That is just a fact of life,

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I agree and I believe that this is why people are not shopping as much.  With the economy the way it is a lot of people are struggling to buy food and gas. Not a whole lot of money left for ordering things on line.  

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@sunshine 919 I agree.  I have a part time job at a Hallmark store (thanks to Covid).  Not only did the owners close one of their stores a few months ago, the store I work in has been sooooooo slow.  I don't think the owners are even making a profit.

[Puppy Lips]

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@LanaPranzo wrote:

Everyone who thinks that wiping out investors is a good thing, then obviously you are not an investor. 

Frustrated QVCGP Preferred Holder – This Wipeout Feels Completely Unfair

Just read the 8-K: QVC Group filed a prepackaged Chapter 11 with a Restructuring Support Agreement (RSA) that hands the reorganized company to the debt holders.

Under the plan:

• All QVCG Preferred Equity Interests (Class A6) get cancelled, extinguished, and wiped out.
• Preferred holders (like me) receive $0 recovery — no distribution, no value, nothing.
• The class is impaired and deemed to reject the plan. No vote for us.
• Same story for common shares ($QVCGA / $QVCGB).

They suspended our 8% cumulative dividends back in June 2025 and never restarted them. The mandatory redemption in 2031? Gone. Liquidation preference? Ignored. Meanwhile, the company had over $1 billion in cash, operations (QVC, HSN, etc.) continue as usual, vendors and general unsecured claims get paid in full, and debt gets slashed from ~$6.6B to $1.3B — with new equity going 100% to the lenders (plus a management incentive plan).

This is classic absolute priority rule in action, but it still stings. Management and the RSA backers basically sided with creditors against equity holders from the start. The filing itself warns that trading these securities is highly speculative and capital stock could end up worthless.

Where’s the outrage from other preferred holders? The “grandmas” on the QVC community forum seem to have more fight in them than a lot of fintwit.

If you're holding $QVCGP:

• Expect Nasdaq delisting soon.
• Think about tax loss harvesting implications (consult a tax pro).
• Any chance of a successful objection or plan modification? Slim in a fast-track prepack, but worth watching the Southern District of Texas docket.

This feels like retail equity got thrown under the bus while the big debt players walk away with the restructured company. Anyone else in the same boat? Thoughts on next steps?

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@LanaPranzo Yeah, that really sucks.  I wonder if the hosts got company stock as part of their compensation.  I kind of hope they did.  I would like to think that the hosts got hit financially too, because they are part of the problem whether they realize it or not.

[They CallMe MRWILKES]

The NASDAQ will delist both QVC Group common shares and preferred shares effective April 24th.

The NYSE has already delisted QVC Notes from trading.

[Judaline]

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@darcie wrote:

Let's be very honest here. QVC has been mismanaged for years. They don't need all of those channels that they broadcast on. They don't need shows to have two hosts and an OAP. Why does Mally get her own show? what does she add to the programming other than behaving like an idiot a lot of times. Why did Kim gravel get her own studio in her hometown? They have too many hosts making too much money selling the same old ******.  How many shark vacuums can they sell? How many Vitamix products? It's the same food over and over and over again. Why all the Slatkin?  their product lineup is old and stale right along with most of their show hosts. Back in the beginning, we would watch QVC a lot during the day and night And now we don't watch it hardly at all because the clothes look the same the items they sell look the same and it's just gotten out of control with all of their stupid show hosts.

And, Why do the show hosts Have to act like complete immature idiots? Menopause Monday? Seriously? And when some of these hosts get together, they act like 10-year-olds with their dancing and they're giggling and their total immaturity. Kim is just as bad as some of the other hosts she's gotten too big for her bridges instead of focusing on a couple of very high-quality products. She now has to sell 20 million different things. Do what you're good at and stop trying to do a money grab and sell everything. 

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Agree with your post. I'd like to add how much I deplore the word Fri-yay.