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JAKKS Pacific, Inc. Message Board

  • petehanse petehanse Jul 23, 2013 8:29 AM Flag

    JAKK HUGE PURCHASE AFTER HOURS!

    Soon Shiong Partrick a 10% owner bought 1,336,081 shares at $7.41 for a total of $9,900,360 ! Purchased MONDAY 7/22/13 AFTER HOURS!

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    • That's incorrect, he bought it during market hours on the 18th, day of the plunge. See insider transactions to the right of this ►►►

    • Why isn't this reported in the news and why would he pay over $1 than what the open market is asking? Unless he does what Bruce Korver did with snta and keeps the buying up this won't do much...

    • He is taking this private. I would not be surprised if he buys the convertible. At almost 25% he is working for the controlling interest.

    • He has tons of money to gamble with - do you?

      Likely another 50% haircut in the share price coming in the next 6 months as company will tell you that Xmas sales this year are not panning out as they had expected - they'll give a long list of excuses, but it won't change the situation.

      Oh, and how do you like this new convertible offering for $100 million? Watch - this will turn out to be very funny. First, the entire company is only worth a bit more than $100 million today. Next, they say they intend to use part of the money to buyback debt that matures next year, but, if those debtholders don't agree they will use the proceeds for corporate purposes - and then what will they use next year when the 2014 debt matures and has to be repurchased? They are going to #$%$ away this new $100 million in no time.

      The company is on a path straight to bankruptcy and is accelerating - likely within the next 12 months. However, you can be certain the CEO will continue sucking the company dry as he's done for years.

      I'm so glad I've stayed away from this garbage over the past few years.

 
JAKK
6.24-0.24(-3.70%)Jul 31 3:59 PMEDT

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