Green, Difference was that Fireman wanted that premium price that PK could not afford himself or for that matter another equity firm he would need to bring on. Now is the prime time for him to step in as he will likely get Hudson for 50% of what Joe's bought it for in a distressed environment. Joe's either gets forbearance agreement with its creditors or they try to find alternate or renegotiate with a longer term on the loan. As it stands right now, they would be better off selling Hudson, but they even know they will eat the cost of that acquisition even more so than have (or we have). The best they can do is get 50% of what they paid for for Hudson in the first place and the rest they spend years paying off and then the current BOD and management can continue their inept ways. but hey, what do i know. I am just looking at companies like Photomedix who did basically a similar thing.
In theory yes, it would be labeled a PPBK. But that would also means a 5hit load of lawsuits as prior to purchasing Hudson the stock was getting close to $1.70-$2. Whatever happens the brands will be saved by someone purchasing them, what we need to see is whether the shareholders will get any reprieve. Keeping in mind anything that PK may lose in a BK filing of the company he could make up easily by purchasing Hudson back at distressed prices which it would be if JOEZ goes BK. Too much unknowns to make an absolute decision here.
Problem is that the PR today clearly states that "To date, the Company has not permitted B. Riley that access because, in part, the Company (as previously disclosed) has recently engaged Carl Marks Advisory Group to advise the Board on all of its alternatives with respect to the Company’s current financial situation."
Alsp of note was this "In recent letters to the Board, Mr. Kim has, in general, expressed concerns about the Company’s current financial situation and the need for a plan to assess the Company’s options as soon as possible. In this regard, Mr. Kim stated that he did not believe that others were acting with the necessary urgency given the Company’s financial situation. Contrary to this statement, as has been disclosed, the Company is committed to and is actively working to resolve the Company’s financial situation."
Hey Fry boy what is the new stock you want to pump, is it another OTC stock that you are holding and trying to get rid of? where you at? you missed your hourly check in bud. You won't be able to hold a job like that. Get on those fries will ya, its been days since we last saw some buds. But do tell us about that penny stock you are wanting to pump. I think everyone here would like to know
I should clarify one point. Kim doesn't need Dahan as creative for Hudson (they already have one). Dahan would remain creative for joe's. But nonetheless this should be interesting as egos are already bruised here. But none of those folks wants to lose anything. Let's see who blinks first.
Paul you are right as the recent filing somewhat alluded to what you wrote. I'm just not seeing joes management specifically the board willing to carve out Hudson now. At this point the two jeans are stronger together than separate taking out the debt of course. You may see that dahan and Peter thing work together here. Current board is the reason why dahan isn't getting paid now while he is also going thru a divorce. Dahan is just a creative guy while Peter is a pure business man so in theory they have good reason to work together. I don't belive that dahan thinks he can run not wants to run joes
Hair hair? You get a hair cut and so you were away? Where you been small fry. I really missed you. You had me worried that one of your pumps caused a person to lose their shirt and they came for you so they could wear your skin as their shirt. Now you don't scare us again, you are now required to check in every hour from now on. Just tell your team you need to check in with your boss. So let's talk about that new stock you want to pump again. You really think you can make it a triple?
This this? Dude lay off the sniffers you are stressing yourself out so much that you aren't thinking right anymore. You still using Siri? So I got your personal message why do you think that stock you can get to triple with your pump (Opps sorry I think you said marketed upward). So you really think your team can do this for us? What happened to your uncle fry laughing at yourself when you talk. Don't change on my account, getting under your start hung skin.
Did spoke? Tell us the truth you in Mexico talking up your stock pumps? Your menglish is crazy dude. So what was that stock you wanted to pump to us again? Ener1 I think you mentioned before you deleted your post? You can't hide fry boy, I want you to tell us all what to buy. Then you can pump it up so we get paid with you.
Really loves the attention so as a public service I am wanting to give him all the attention he wants by following him around. He needs some love and I am ready to give him that love. I don't want him to come to the realization his life is worth nothing and cuts himself, so it is our duty as lovers of those that are less fortunate on the intellectual scale that we help where we can. Welcome to my world fry boy, now i am still waiting for my ketchup and salt, whip it out boy I need my condiments.
They can get an extension on that so I wouldn't worry about that. As they say the least of ones worries. So we're good on that one for now.
You always have to worry about someone who laughs at themselves at the end of a sentence when they haven't really said anything. Its like that creepy uncle you have that looks at you weird. We all know French Fry here is a poor kids uncle.
When you resort to name calling and lies such as yourself it just deepens the view that you are scared and unable to rub two words of any consequence together. Now as I've said before do your job and get me my fries fry boy.
Trapping? You poor soul. So king fry tell us about you starchy ways. Tell us about how you will save Joe's and create world peace for all. How about you take your verbal diarrhea somewhere where people care. You do realize you look fool don't you.
So far yes according to the release "To date, the Company has not permitted B. Riley that access".
I guess the 'ol crusty white dude is holding onto his britches tight.
Is that the case? hey spuds mackenzie if I am a pumper, i have got to be the worst one out there. Although I do appreciate you thinking I have that much power over the minds here, maybe I should make a career out of it, what do you think. I could mind bend all while I have some fries with my coke. I like the extra salt on my fries, now get me that salt (or do you even get that)