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LL Flooring Holdings Says Shareholder F9 Investments Comments On Bloomberg Report That LL Flooring Has Hired A Consultant With Restructuring Capabilities And Is Desperate For Cash

Author: Benzinga Newsdesk | June 28, 2024 07:09am

Tom Sullivan, Chairman of F9, commented, "This report reinforces that LL Flooring is poorly run, desperate for cash, and teetering on the brink of going out of business as a result of the current Board's failed leadership and sham sale process. It should be clear to shareholders now more than ever that urgent, meaningful change is needed in LL Flooring's boardroom if the Company is to survive. F9's director nominees bring significant flooring industry expertise, a strong track record of creating value for businesses, and an actionable plan to protect the value of shareholders' dwindling investments in the Company before they are permanently destroyed."

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