Posted in : Comics , Current News| Tagged : bankruptcy , diamond
A Philadelphia comic entrepot claim to have made a bid for Diamond Comic Distributors as part of their Chapter 11 failure proceedings
Article Summary
Comic Holy Writ storeOntario St. Comics of Philadelphia , Pennsylvania , the store that the moviesUnbreakableand sequelGlasswere film in , are the only body to have confirm they have made a tender for Diamond Comic Distribution as part of the current Chapter 11 bankruptcy proceedings . Though it is possible they may not have bid that much .
The store express yesterday that " as some of you may know , Diamond Comic Distributors is going through Chapter 11 bankruptcy at this time . An auction was held in New York today , and various portion of the Diamond company are up for play . Over the past few 24-hour interval , I have formed an alliance with quite a few other comical shop owner . We were able to grade a last - minute bidding for the comic distribution and toy division of the company . It seem that due to the complex nature of this procedure , we will not know until at least Tuesday if our dictation was successful ! "
Who else is involved ? " I am not at familiarity to expose the other store proprietor involved in this speculation yet . Wish us fortune as this could be a plot changer in the comic industry . "
How much did they entreat ? " Honestly our bidding would have been higher if all of our customers had pick up everything in their hold bag ! ! I will keep everyone informed as developments occur . " So it might have been everything in their tip jar … How serious their bid actually was , and who else is involved , I am sure we will hear in short .
As I antecedently reported , yesterday saw the auction for the assets of Diamond Comic Distributionas part of their Chapter 11 Bankruptcy procedurestake office at 320 Park Avenue , New York City . That auctionwill remain through today . The fate of the direct comic book market of North America and the UK , will bedramatically bear on by what happens in that room …
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