Everyone really should be calling and emailing the BOD.
Not buying back the stock is simply a breach of their fiduciary duty. To be sitting on cash when it exceeds the market cap of the company is criminal.
Demand action! We have to be our own activists.
There most definitely will not be a refinancing of the converts. Why on earth would the converts ever agree to it? 100% not possible. Silly conjecture.
Keep in mind whoever is buying Soon's shares will own 10 percent plus. My guess is they will be an activist which should be very bullish. Hopefully the cfo has his days numbered
What are you even suggesting? That JAKK bought 1m shares yesterday at 6.70 as part of this settlement? That's absurd. First of all, none of the plaintiffs even have 1m shares. These plaintiffs sold their shares most likely. Furthermore, if they just settled a lawsuit for $7-8m, they would have to disclose it. That's material given the company is worth a bag of peanuts right now.
Yesterday was simply the due date to file an appeal by the plaintiff. JAKK got the case dismissed, no reason for them to settle anything. You guys are nuts.
Although it could be Dr. Patrick. There are only about 4-5 potential groups and he is one of them. But who cares, somebody sold somebody bought, yawn.
The guy that sold feels the exact opposite as the guy that bought those shares. Don't forget our largest shareholder dumped 2m shares in October. Stock has done nothing since.
Law firms actively search out stocks which have declined a lot quickly like JAKK - $8.20 to $5.90. They then try and drum up some #$%$ off shareholders to file a lawsuit claiming mgmt was not forthcoming.
In our case, mgmt has actually exceeded all expectations (despite the share price fall). There is no case to be made against mgmt that they misled investors when they continue to do as they say.
This is not a lawsuit - it is a solicitation or an ad. Thats it. It has ZERO effect on the share price at all.
Your post was saved by JR's thought that the short interest on 2-27 is correlated to people buying stock 3-5 months earlier. Tough one to beat.
I will add the CFO is incompetent though by not buying back shares. If I could sue him for this I would.
Rc2 was most definitely pe owned at one point. Check your facts. And if oak tree wouldn't have closed then JAKK would have gotten a large termination fee. But they would have closed for reputation alone. Pe firms may not like small toy companies that are one trick ponies, but a large cash cow like this is a dream candidate
1) how about RC2? Worked well. What about oak tree interested at $20? pe is interested
2) dire? This is the team that put them in dire. They deserve all the blame they get.
Because the stock was Massively under the conversion price. And they did once it got far closer to the due date. Do your diligence. They will have to pay a massive premium to retire the debt at this point. In 2017 maybe. You also forget they have a Prepaid Forward that entered into at the time of the Note Exercise. If the Converts exercise, the prepaid forward will also be exercised - so much of the dilution is already taken care of.
The common stock is the way to go here. Its not even close.