I can’t remember the last time I was in a TGI Fridays (although, whenever it was, I’m assuming it was in an airport or next to a hotel) and it would seem that plenty of other people haven’t either.
That’s got the restaurant chain nervous, and not for the reason you’d think. They’re concerned because there are believed to be $50 million worth of unused TGI Fridays gift cards out there and if they were to all be used, it could sink the entire company.
Pour out a domestic light beer for potato skins and mozzarella sticks…
According to Forbes, TGI Fridays filed for bankruptcy last week and in those filings they revealed that there are $49.7 million worth of non-expiring gift cards — some of which date all the way back to 2003 — out there. If they were going to be used, it’d be a very expensive problem for the ailing chain.
Sure, other restaurants have filed for bankruptcy lately so they can get through this. Red Lobster just did it, although they got a boost from the magical positivity of Flavor Flav. […]
— Read More: www.outkick.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
