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Joe's Jeans Inc. Message Board

sandollor2000 6770 posts  |  Last Activity: Jan 27, 2015 10:20 AM Member since: Oct 6, 2000
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  • Reply to

    Hudson - Forever Forward - Our 2015 Story

    by rpsii Jan 26, 2015 11:19 AM
    sandollor2000 sandollor2000 Jan 27, 2015 10:20 AM Flag

    There is always hope... Look at the five year chart of Joes.

  • Reply to

    Why is the stock halted? should be up 100 %

    by grodrig162 Jan 23, 2015 9:42 AM
    sandollor2000 sandollor2000 Jan 23, 2015 11:21 AM Flag

    I would expect a move up, the earnings report will probably determine which way it goes. Maybe there will be a new chairman by that time and bring a new perspective on Joes/Hudson's future direction. So far I view the change as a positive move.

  • Reply to

    Why is the stock halted? should be up 100 %

    by grodrig162 Jan 23, 2015 9:42 AM
    sandollor2000 sandollor2000 Jan 23, 2015 11:02 AM Flag

    Any idea who will replace Crossman? I think Peter Kim may be the replacement.

  • sandollor2000 sandollor2000 Jan 23, 2015 8:44 AM Flag

    Crossman resigning looks like good news. Any idea who will replace him on a permanent basis? Since the Hudson deal I have thought Peter Kim would eventually replace him.

  • Reply to

    Earnings Report Comming Up

    by sandollor2000 Jan 20, 2015 2:51 PM
    sandollor2000 sandollor2000 Jan 21, 2015 2:40 PM Flag

    Any good news would be welcome at this point, is there any good news to report? If no news is good news, there is plenty of that.
    When is the date for the earnings report?

  • sandollor2000 by sandollor2000 Jan 20, 2015 2:51 PM Flag

    Is Joes/Hudson going to survive?

  • Reply to

    JOEZ is going to Zero

    by gemsarered Dec 4, 2014 11:12 AM
    sandollor2000 sandollor2000 Jan 8, 2015 1:50 PM Flag

    They both could be the same person who likes to have a double personality...

  • sandollor2000 by sandollor2000 Dec 31, 2014 4:59 PM Flag

    To Joes/Hudson.. and members who post on this message board.

  • sandollor2000 by sandollor2000 Dec 23, 2014 2:56 PM Flag

    Joe's Investor Relations

    Highlights | Board and Management | Committee Composition

    Samuel J. (Sam) Furrow

    Samuel J. (Sam) Furrow has served as Chairman of our Board of Directors since October 1998. Mr. Furrow became a member of our Board of Directors in April 1998 and served as our Chief ... More

    Marc B. Crossman

    Marc B. Crossman has served as our Chief Executive Officer since January 2006, our President since September 2004 and a member of our Board of Directors from January 1999 until July 2... More

    Joe Dahan

    Joe Dahan has served as the president and head designer for our Joe’s Jeans subsidiary since its formation in February 2001, Creative Director and a member of our Board of Directors s... More

    Peter Kim

    Peter Kim has served a member of our Board of Directors and the chief executive officer of our wholly owned subsidiary, Hudson Clothing Holdings, Inc., or Hudson, since our acquisitio... More

    Hamish Sandhu

    Hamish Sandhu has served as our Chief Financial Officer since August 2007. From January 2006 until August 2007, Mr. Sandhu was Chief Financial Officer of California Tan, Inc., a consu... More

    Joanne Calabrese

    Joanne Calabrese has served as a member of our Board of Directors since March 2012. Since 2007, Ms. Calabrese has served as the founder and owner of jcr3, a retail consulting firm s... More

  • Reply to

    form 4

    by kingfrogcash Dec 19, 2014 10:57 AM
    sandollor2000 sandollor2000 Dec 23, 2014 11:15 AM Flag

    Peter Kim is a board member due to the Hudson purchase. Will his presence make a difference?

  • Reply to


    by options999 Dec 11, 2014 7:35 PM
    sandollor2000 sandollor2000 Dec 12, 2014 9:21 AM Flag

    I disagree, there is a chance they will go bankrupt! You can spin it any way you want.

  • Reply to

    Would Joes Survive A Chapter 11 Bankruptcy

    by sandollor2000 Dec 11, 2014 8:56 AM
    sandollor2000 sandollor2000 Dec 11, 2014 4:45 PM Flag

    I think Joes could go bankrupt and I have been around a long long time. Even if it gets resolved, that might only delay bankruptcy. The new terms of any credit agreement may mean no profits for a long time.

  • Reply to

    Would Joes Survive A Chapter 11 Bankruptcy

    by sandollor2000 Dec 11, 2014 8:56 AM
    sandollor2000 sandollor2000 Dec 11, 2014 3:13 PM Flag

    I agree about management. How do you know for certain the will not go bankrupt? In the press release they said the default would result in bankruptcy if it is not resolved. They cannot meet the terms of the debt agreement.

  • Reply to

    Would Joes Survive A Chapter 11 Bankruptcy

    by sandollor2000 Dec 11, 2014 8:56 AM
    sandollor2000 sandollor2000 Dec 11, 2014 2:06 PM Flag

    We don't know if Joes will go bankrupt or not. It's not clear how the breach will work out, Maybe Joes stock will test the all time lows before this is all over,

  • They could get the debt problem solved and come out of bankruptcy a stronger company with new leadership.

  • sandollor2000 by sandollor2000 Dec 10, 2014 2:53 PM Flag

    Type message14-Nov-2014

    Triggering Events That Accelerate or Increase a Direct Financial Obligation or a

    ITEM 2.04 Triggering Events That Accelerate or Increase a Direct Financial
    Obligation or an Obligation under an Off-Balance Sheet Arrangement.

    On November 6, 2014, Joe's Jeans Inc.'s ("we" or the "Company") received a notice of default and demand for payment of default interest (the "Letter") from Garrison Loan Agency Service LLC, as term loan agent (the "Agent"), under the term loan credit agreement entered into on September 30, 2013 (the "Term Loan Agreement"). In the Letter, the Agent provided notice that certain defaults and events of default under the Term Loan Agreement have occurred as a result of the failure of the Company to meet an EBITDA financial covenant for the twelve month period ended September 30, 2014. As a result of such default, the Agent reserved its rights to exercise any and all remedies available to it under the Term Loan Agreement and demanded payment of interest at the default rate of interest. As of September 30, 2014, there was $59,925,500.00 outstanding under the Term Loan Agreement. The default rate increases the current interest rate of 12 percent by two percent to 14 percent.

    As a result of the default under the Term Loan Agreement, the Company is also in default under the terms of its revolving credit agreement and its factoring facility with CIT Commercial Services, Inc. ("CIT") each entered into on September 30, 2013. As of September 30, 2014, we had $33,931,000 outstanding and $13,733,000 of availability under the revolving credit agreement, which includes the Company's factoring facility. We have not received any written notice from CIT that it intends to exercise any of the remedies available to it under the revolving credit agreement or the factoring facility in connection with the events of default.

    We are currently in discussions with the Agent and CIT regarding a resolution to the defaults, including amendments to the existing agreements and waivers for the defaults. There can be no assurance that that the requested relief will be granted on terms acceptable to us or at all. Unless the Company is able to secure a waiver, the Agent and CIT under the Term Loan Agreement, revolving credit agreement and factoring facility are entitled to, among other things, accelerate the outstanding amounts under those agreement. Any such acceleration under our credit facilities would have a material adverse effect on our liquidity, financial condition and results of operations, and could cause us to become bankrupt or insolvent, if not resolved.

  • sandollor2000 by sandollor2000 Dec 9, 2014 3:26 PM Flag

    Dec 28, 1994 0.12 0.16 0.09 0.12 5,300 Close $.12

  • sandollor2000 by sandollor2000 Dec 3, 2014 9:00 AM Flag

    Reasons To File Chapter 11 Bankruptcy
    There are many reasons to file Chapter 11 and if the case is done properly and timely Chapter 11 can be the most beneficial move a business can make or in some situations it may be the only way to save an otherwise doomed business.

    Chapter 11 cases are filed for many reasons but some of the most frequent situations involve stopping foreclosures on valuable property, restructuring debt over a longer period of time to trim immediate expenses, or to cure tax debt over time.
    Generally speaking, a Chapter 11 is a reorganization of your financial affairs without borrowing any money. It may allow you to stop foreclosures, repossessions, tax levies, IRS seizures, and other creditor actions, by allowing you to set up a court enforced repayment plan. Immediately upon filing, the court will order an automatic stay against your creditors, to allow you some breathing time to concentrate on operating your business, and restoring its profitability and cash flow.

    What Happens When You File Chapter 11 Bankruptcy
    Essentially what happens upon filing the petition, is that you immediately stop paying all unsecured debt, including taxes. You will, or may continue paying reduced secured obligations, depending on what your situation and ultimate plan is. You may pick and choose which secured creditors to pay, and you can surrender unprofitable secured property and/or leases.
    Many multi-location Debtors utilize Chapter 11 to close unprofitable locations, without being stuck for the full measure of breach of lease damages allowed under state law. The damages allowed for breach of leases are limited in a Chapter 11 proceeding.
    This moratorium on paying unsecured debt continues until after you have a plan voted on by creditors and confirmed by the court. This almost always takes at least 6 months or more, and commonly takes a year or more before you commence making payments pursuant to your plan. In some cases, it can take even longer.

  • Reply to

    Going to a dollar

    by tazzsnaper Nov 30, 2014 8:26 PM
    sandollor2000 sandollor2000 Dec 1, 2014 9:04 AM Flag

    mpoklink, the problem is we cannot have any trust that Joes management will get themselves out of this situation with the lenders. What the lenders will accept is unclear and no communications from Joes about what is going on or any possible solutions.

  • Reply to

    Going to zero

    by gemsarered Nov 27, 2014 1:16 AM
    sandollor2000 sandollor2000 Nov 30, 2014 11:49 AM Flag

    Thank you, yes I read your post. I have seen gemsarered post here along with You gemsaregreen and remember some of the posts.

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