Jones Soda Co. (JSDA) Message Board

It's a positive move as long as they didn't spend too much cash on it. Many people have left this company for dead and I think they will be proven wrong. They over built stores in NYC when they should have been doing smaller mall-based stores. They know this and have been making the adjustment. This company is early in its evolution and they will have to make many adjustments to get the formula correct. I think they will. And I think the stock is worth much more than where it is trading as long as the deal closes that raises the $10 million. If it does, we'll head back over $2. If not, we're in trouble. They need the capital.

I think you should continue making investment decisions based on some wall street journal article. That author probably has made a lot of money as an investor. They must be right.

This whole thing needs to be investigated. Within a couple weeks, they can't get the earnings out, announce going dark and then now want to buy the cmopany after the stock gets killed? Something isn't right.

Very bad Q1. It's time to let SB manage the portfolio and reduce the dividend. Business is bad and it's been a long time since they have come up with new, successful products.

Is it your understanding that they have to distribute the cash since they are a REIT? Or could they do a tender (stock buyback), or use the funds to acquire another property?

joev, your idea kind of makes sense as long as the underlying MLNK business shows some stabilization. You'd hate to put a good business like HNH into a company losing money.

Bobo, Steel couldn't legally increase their holdings by buying in the open market. They were prohibited by the limitations MLNK put in place in order to preserve their NOL. MLNK also needed cash, which they would not have received had Steel bought shares in the open market rather than from the company. Steel paid a premium to the market price in order to gain control of the company, which they effectively got by having WL the Chairman and 2 Board seats. The stock didn't go up because, in spite of Steel buying in, it's still the same sh1tty business. The business needs to show a turnaround. So, contacting the SEC will only create a chuckle from them on what a knucklehead you are.

If he continues making good capital allocation decisions (like buying 20% of CBRL) and SNS performs like he has promised, people will love him one day.

speaking of chinese, CRC is the last remaining furniture manufacturer in North American. And they can't turn a profit. What does that tell you? All the others were smart enough to figure out you can make furniture cheaper overseas. They are going to keep building their high cost furniture in N America until they run out of money. Which may not be long.

He is 94 years old. I wouldn't read too much into that given his age.

because he wanted control of the company, which he has now. He paid a premium to the current market in order to obtain Board seats and the Chairman role. He now controls the company, which he wouldn't have had if he bought in the open market. Also, as someone else pointed out, he was prohibited from buying more in the open market due to the shareholders rights plan to protect the NOL.

I agree Steel will be buying in the open market. But only after the deal is done. The 1.4 mm share portion was part of a larger deal. Steel will use the 1.4 million purchase to both support the stock and lower his cost basis. It should provide a floor.

I believe that if you read the agreement pertaining to paragraph 4, you will find the 1.4 million share purchase authorization contained in that agreement. Do an SEC search for HNH, I think I ran across it there in a recent filing. The Board doesn't need shareholder approval to allow Steel to buy the 1.4 million shares. That is already covered in the agreement done last year to protect the NOL's. But the 1.4 million share purchase was part of the overall agreement in paragraph 4.