The Xtra-vision story may not have a happy ending

On the surface there may be reasons to be optimistic that Xtra-vision can survive in some form. But dig deeper and the future looks bleak. The stores are remaining open while the search begins for a buyer. The receiver says that most of the stores are profitable. Unlike many other retailers the company is not overburdened with debt. However, this is a receivership not an examinership.