A Coty investor services representative says she’s optimistic the company can make its next round of financing.

Coty announced Thursday it will file for bankruptcy protection next week and it’s seeking $3.5 billion in federal bankruptcy court.

The Canadian Securities Administrators said in a release it will issue a notice to liquidate and sell its remaining assets.

Cotey’s stock closed at $36.95 on Friday.

It’s down about 25 cents this morning.

Cotheys bankruptcy filing comes as the company’s shares have fallen more than 40 per cent since its last day of trading on Feb. 11.