While it’s no Ionic Breeze air purifier (“Now with more cancer!”), Sharper Image is up for sale after going through Chapter 11 bankruptcy. It’s shares recently closed at 23 cents. That’s right: the sellers of the RoboRaptor are in penny stock territory.
“Given the present retail climate and specialty nature of the company, as well as the limited financing available to the company, a sale of its business and assets at this time will preserve values and yield the best recovery to the company,” said Robert Conway, Sharper Image’s chief executive.