Disclosed earlier this month, it would securitize the company’s remaining worldwide trademarks, licensing agreements and future royalty income in exchange for an $85 million loan. Last week, as Converse released Q4 and FY99 results and pointed to some bright spots on its sales landscape, it offered no timetable for the deal’s completion. But one could safely surmise time is of the essence. PriceWaterhouse Coopers, the company’s independent auditors, has already issued an opinion expressing doubt about Converse’s ability to continue as a going concern because of recurring operational losses ... Log in to view full article.