Bakers Footwear amends $4 million of 9.5% convertible debentures

By Devika Patel

Knoxville, Tenn., April 23 - Bakers Footwear Group, Inc. and its investors amended its $4 million of 9.5% subordinated convertible debentures on April 20, according to an 8-K filed Friday with the Securities and Exchange Commission.

The debentures' documents now define "eligible market" to include "the OTC Bulletin Board quotation system, the electronic quotation system operated by Pink OTC Markets Inc., or any other electronic quotation system," as the company has been delisted from the Nasdaq Stock Exchange as of March 29.

St. Louis-based Bakers is a footwear retailer. It sold the debentures in a June 26, 2007, private placement.

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