As you may know, BookSmart has been in dire financial straights.
We have just come off a fundraising campaign that has given us some breathing room but we have a long way to go. We have raised approximately $28,000.00 of the $300,000.00 we need. If we had an angel or group out there who is willing to loan up to $250,000.00 at 5% (or less) we would be able to put to rest very high interest debt and we would be solid but for now we must move on. The next phase of our restructuring plan is to liquidate inventory as fast as we can to create cash flow. This is a little tricky but necessary. We are marking down merchandise that came back from our Newark store closing and we will have a special announcement with extra goodies this Friday. Please come down over the Taste of Morgan Hill weekend and say hi or check in on what the deep deal is. Thanks for everything, We'll be in touch!