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Joe's Jeans Inc. Message Board

  • mbaapk mbaapk Sep 18, 2007 10:04 AM Flag

    Rics/Randy

    you people need to find a better place to deal with your spat. I come back after two weeks and the quality of the posts on this board have decreased to a child like level.

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    • peter_norths_proctologist peter_norths_proctologist Sep 19, 2007 3:25 PM Flag

      "...and you will also note that the stock made a big move to the upside just prior to the release...."

      Exactly right. And that is my concern. If the stock doesn't rise PRIOR to earnings, then something is very wrong, because we are supposedly coming upon their best quarter to date, by far. And yet the market continues to price in a discount for some unknown reason. Although some people have their suspicions as to why. And some people just don't care because they are comfortable with head in sand.

    • Peter North, you seem to know all the answers. However, if you go back and see the action in the stock in the month prior to their earnings release you will see that the current action is consistent with all the other quarters of late and you will also note that the stock made a big move to the upside just prior to the release and in the near term afterwards.

    • PNP on second thoughts sell your shares and get lost!

    • PNP ... I certainly knew about the lawsuit and know how the appeals process wil drag on. So its certainly a non issue.

      As regards the invoice payable I would have known about it if Guez sold further shares ... as I would investigate the reasons. However it certainly is an encouraging factor that Guez refuses to sell his inno shares even in face of such adversities. Does give me more confidence in INNO that ever.

      You have no clue how companies operate in bankruptcy, dont have time to explain either, you are too dumb to understand (however feel free to study how NWA, Calpine etc. functioned in bankruptcy in face of debt load being 10 times greater than asset base). Worst care senario ... INNO can always source manufacturing in Morocco at similar costs. Also I am pretty sure Marc Crossman is smarter than you and will look for other production alternatives if even a remote possibility of that arises which should'nt happen at least in the foreseeable future.

    • peter_norths_proctologist peter_norths_proctologist Sep 19, 2007 2:30 PM Flag

      "...Also they dont seem to mind working in bankruptcy if need arises because they just dont want to sell their INNO shares. Companies just dont FOLD ... they work in bankruptcy and continue to generate product."

      That's brilliant. How does a company stay in business when nobody will sell them supplies, and their credit worthiness is reduced to zero? LOL! Last we heard, AZTECA was bouncing checks for $133k. Those are facts my friend. I wonder how long they will have electricity.

      And BTW, if I hadn't told you this, you would still be in the dark. So instead of ridiculing me, you should be grateful you now know the status of AZTECA, and why this stock is capped at $2.00, and why Hoffman dumped every possible share he could at $2.20. See last entry in table 1, column 5. Big fat goose egg.

      http://www.sec.gov/Archives/edgar/data/844143/000084414307000002/xslF345X02/primary_doc.xml

      Having channel checkers is nice. But who cares about what's in the stores now, when they may have trouble manufacturing product in 6 months.

    • PNP .... One you are actually dumber than one would expect. The judgement against Azteca will be appealed and reappealed. The whole process would take 10 years at the least. So there has be little or no material impact.

      2nd if Azteca needed 2 million .... Guez can simply sell a million shares of INNO. But apparently they would rather hold the inno shares because of future gains they would be seeing because that seems more tantalizing that the distressing prospect of bankruptcy for Azteca. Also they dont seem to mind working in bankruptcy if need arises because they just dont want to sell their INNO shares. Companies just dont FOLD ... they work in bankruptcy and continue to generate product. You are certain fairly dumb with little or no knowledge of business.

    • peter_norths_proctologist peter_norths_proctologist Sep 18, 2007 9:23 PM Flag

      "...Additionally, on September 10, 2007 we were notified by our bank that the payment made by Azteca on August 30, 2007 was rejected for insufficient funds, thus triggering a full default under the Note."

      Oh, I forgot to mention one little thing. If AZTECA has to close its doors due to bankruptcy.....umm, who's going to make Joe's Jeans, and at what quality spec? LOL!!!

      But don't worry guys. This is a very trivial issue which I'm sure ric's two channel checkers have under control.

    • peter_norths_proctologist peter_norths_proctologist Sep 18, 2007 9:15 PM Flag

      Re: this was the period during which insider Guez sold a chunk of shares and he own a hellava lot more than Kelly...

      Speaking of the Guez brothers, I'm sure you know that Hubert and Paul Guez are co-owners of Azteca Productions, which holds over 4 million shares of INNO. Hubert has control of nearly half of those shares, as per recent INNO proxy statement:

      "...2,034,220 shares held for the account of Azteca, an entity jointly owned by Mr. Hubert Guez and Mr. Paul Guez, as to which such shares Mr. Hubert Guez exercises sole voting and investment control."

      Now, did you know that Hubert Guez is in hot water with ICONIX, Inc. over a 50 million lawsuit awarded to ICONIX. And that Guez is undergoing serious financial hardship, and that he can't even meet minimal payments on certain business debts, and that he is even bouncing checks! So I ask you, HOW LONG BEFORE AZTECA (HUBERT) IS FORCED TO DUMP 2-4 MILLION SHARES INNO on the market?

      The following quote is from a recent 8-K filed last Friday by a company called Talon International, which has a note receiveable from Guez/Azteca in the amount of $2.1 million.

      "On September 10, 2007 after meeting with and conducting extensive discussions with Azteca, they failed to provide to us certain security interests as required under the Note to make the scheduled note payments and Azteca further expressed its belief that it would be unable to make any note payments in the foreseeable future. Additionally, on September 10, 2007 we were notified by our bank that the payment made by Azteca on August 30, 2007 was rejected for insufficient funds, thus triggering a full default under the Note."

      http://www.sec.gov/Archives/edgar/data/1047881/000114036107018164/form8k.htm

    • Peter North ...1 you are a nut case. If you base your transactions in INNO on TA you are certain the mm's wet dream. Case in point INNO was at $1.45 after Q1 and it fell 40% to 0.98 before Q2 (this was the period during which insider Guez sold a chunk of shares and he own a hellava lot more than Kelly). 10 days before Q2 results it moved from $0.98 to $2 and then hit 2.40 since then it has fallen only 25% which going by past performance is amazingly better.

    • looks like you people got randygee riled up.He will probably take it out on his crack research team

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