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Joe's Jeans Inc. Message Board

sandollor2000 28 posts  |  Last Activity: Jun 23, 2015 4:55 PM Member since: Oct 6, 2000
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  • sandollor2000 sandollor2000 Jun 23, 2015 4:55 PM Flag

    There more rabbits in the hat, they haven't pulled one out yet.

  • sandollor2000 by sandollor2000 May 26, 2015 1:52 PM Flag

    The questions of will they find new financing, new management or have a reverse stock split and finding a buyer who thinks the company is worth saving? Are all questions are blowing in the wind.

  • sandollor2000 by sandollor2000 May 4, 2015 4:34 PM Flag

    How pretty is Joes/Hudson going to look in pink?

  • Reply to

    Good news?

    by adovero81 Apr 29, 2015 4:43 PM
    sandollor2000 sandollor2000 May 1, 2015 9:41 AM Flag

    LOl, well you got the point and I agree, not much has changed.

  • Reply to

    Good news?

    by adovero81 Apr 29, 2015 4:43 PM
    sandollor2000 sandollor2000 Apr 30, 2015 3:45 PM Flag

    Item 1.01 Entry into a Material Definitive Agreement.
    On April 23, 2015, Joe's Jeans Inc., a Delaware corporation (the "Company"), and Joe's Jeans Subsidiary, Inc. and Hudson Clothing, LLC, both wholly-owned subsidiaries of the Company, as "Borrowers" (the "Borrowers"), and certain of its subsidiaries party thereto, as "Guarantors," entered into the Amendment No. 2 to Revolving Credit Agreement (the "Amendment") with The CIT Group/Commercial Services, Inc., as administrative agent and collateral agent ("CIT"). The Amendment amends the Revolving Credit Agreement, dated as of September 30, 2013 (the "Revolving Credit Agreement"), by and among the Borrowers, the Company, certain subsidiaries of the Company party thereto, CIT, CIT Finance LLC, as sole lead arranger and sole bookrunner, and the lenders party thereto.

    The Amendment modified the definition of "Eligible Accounts" to include, until June 30, 2015, 55% of the aggregate Eligible Accounts owing from Nordstrom and its Affiliates and after June 30, 2015, 45% of the aggregate Eligible Accounts owing from Nordstrom and its Affiliates In addition, the default rate under the Revolving Credit Agreement was increased to two percent. Previously, due to the defaults under the Revolving Credit Agreement and term loan agreement, we were paying a default rate of one percent additional interest. We are currently in default of our obligations under the Revolving Credit Agreement and term loan agreement among the Company, the Borrowers, the guarantors party thereto, Garrison Loan Agency Service LLC, as term loan agent ("Garrison") and the lenders party thereto (the "Term Loan Agreement"). We are in discussions with Garrison and CIT regarding a resolution to the defaults. There can be no assurance that that the requested relief will be granted on terms acceptable to us or at all. Unless we are able to secure a waiver, Garrison and CIT under the Term Loan Agreement and Revolving Credit Agreement are entitled to, among other things, accelerate the outstanding amounts under those agreements. 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.

    The foregoing descriptions of the Revolving Credit Agreement and the Amendment do not purport to be complete and are subject to, and qualified, in their entirety by, the full text of the Revolving Credit Agreement, which is attached hereto as Exhibit 10.1, and the Amendment, which is attached hereto as Exhibit 10.2, each of which is incorporated herein by reference.

    Item 1.01 Entry into a Material Definitive Agreement.
    On April 23, 2015, Joe's Jeans Inc., a Delaware corporation (the "Company"), and Joe's Jeans Subsidiary, Inc. and Hudson Clothing, LLC, both wholly-owned subsidiaries of the Company, as "Borrowers" (the "Borrowers"), and certain of its subsidiaries party thereto, as "Guarantors," entered into the Amendment No. 2 to Revolving Credit Agreement (the "Amendment") with The CIT Group/Commercial Services, Inc., as administrative agent and collateral agent ("CIT"). The Amendment amends the Revolving Credit Agreement, dated as of September 30, 2013 (the "Revolving Credit Agreement"), by and among the Borrowers, the Company, certain subsidiaries of the Company party thereto, CIT, CIT Finance LLC, as sole lead arranger and sole bookrunner, and the lenders party thereto.

    The Amendment modified the definition of "Eligible Accounts" to include, until June 30, 2015, 55% of the aggregate Eligible Accounts owing from Nordstrom and its Affiliates and after June 30, 2015, 45% of the aggregate Eligible Accounts owing from Nordstrom and its Affiliates In addition, the default rate under the Revolving Credit Agreement was increased to two percent. Previously, due to the defaults under the Revolving Credit Agreement and term loan agreement, we were paying a default rate of one percent additional interest. We are currently in default of our obligations under the Revolving Credit Agreement and term loan agreement among the Company, the Borrowers, the guarantors party thereto, Garrison Loan Agency Service LLC, as term loan agent ("Garrison") and the lenders party thereto (the "Term Loan Agreement"). We are in discussions with Garrison and CIT regarding a resolution to the defaults. There can be no assurance that that the requested relief will be granted on terms acceptable to us or at all. Unless we are able to secure a waiver, Garrison and CIT under the Term Loan Agreement and Revolving Credit Agreement are entitled to, among other things, accelerate the outstanding amounts under those agreements. 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.

    The foregoing descriptions of the Revolving Credit Agreement and the Amendment do not purport to be complete and are subject to, and qualified, in their entirety by, the full text of the Revolving Credit Agreement, which is attached hereto as Exhibit 10.1, and the Amendment, which is attached hereto as Exhibit 10.2, each of which is incorporated herein by reference.

    Item 1.01 Entry into a Material Definitive Agreement.
    On April 23, 2015, Joe's Jeans Inc., a Delaware corporation (the "Company"), and Joe's Jeans Subsidiary, Inc. and Hudson Clothing, LLC, both wholly-owned subsidiaries of the Company, as "Borrowers" (the "Borrowers"), and certain of its subsidiaries party thereto, as "Guarantors," entered into the Amendment No. 2 to Revolving Credit Agreement (the "Amendment") with The CIT Group/Commercial Services, Inc., as administrative agent and collateral agent ("CIT"). The Amendment amends the Revolving Credit Agreement, dated as of September 30, 2013 (the "Revolving Credit Agreement"), by and among the Borrowers, the Company, certain subsidiaries of the Company party thereto, CIT, CIT Finance LLC, as sole lead arranger and sole bookrunner, and the lenders party thereto.

    The Amendment modified the definition of "Eligible Accounts" to include, until June 30, 2015, 55% of the aggregate Eligible Accounts owing from Nordstrom and its Affiliates and after June 30, 2015, 45% of the aggregate Eligible Accounts owing from Nordstrom and its Affiliates In addition, the default rate under the Revolving Credit Agreement was increased to two percent. Previously, due to the defaults under the Revolving Credit Agreement and term loan agreement, we were paying a default rate of one percent additional interest. We are currently in default of our obligations under the Revolving Credit Agreement and term loan agreement among the Company, the Borrowers, the guarantors party thereto, Garrison Loan Agency Service LLC, as term loan agent ("Garrison") and the lenders party thereto (the "Term Loan Agreement"). We are in discussions with Garrison and CIT regarding a resolution to the defaults. There can be no assurance that that the requested relief will be granted on terms acceptable to us or at all. Unless we are able to secure a waiver, Garrison and CIT under the Term Loan Agreement and Revolving Credit Agreement are entitled to, among other things, accelerate the outstanding amounts under those agreements. 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.

    The foregoing descriptions of the Revolving Credit Agreement and the Amendment do not purport to be complete and are subject to, and qualified, in their entirety by, the full text of the Revolving Credit Agreement, which is attached hereto as Exhibit 10.1, and the Amendment, which is attached hereto as Exhibit 10.2, each of which is incorporated herein by reference.

  • Reply to

    Joe's Jeans Inc. (JOEZ) is in M&A talks?

    by raggstwitches Apr 2, 2015 2:20 PM
    sandollor2000 sandollor2000 Apr 2, 2015 9:45 PM Flag

    Peter Kim is involved also. Maybe he is contemplating making a move to buy back Hudson. Could he save Hudson and allow Joes file for bankruptcy?

  • Reply to

    $1 possible this week

    by ss_nandha Mar 31, 2015 2:46 PM
    sandollor2000 sandollor2000 Apr 1, 2015 12:21 PM Flag

    Are you holding or waiting to buy?

  • sandollor2000 by sandollor2000 Mar 25, 2015 10:20 AM Flag

    It hit $.30

  • Reply to

    added 30,000 shares...

    by nelsonsancho Mar 16, 2015 2:16 PM
    sandollor2000 sandollor2000 Mar 16, 2015 4:34 PM Flag

    You must be optimistic about Joes/Hudson future?

  • sandollor2000 sandollor2000 Mar 11, 2015 8:17 AM Flag

    Gems, not until you mentioned them. They make and sell clothing made in the USA and sell only on-line.

  • sandollor2000 sandollor2000 Mar 10, 2015 10:13 PM Flag

    Is it over for Joes/Hudson Jeans?

  • Reply to

    CEO Kim to find consortium to buy out JOEs

    by cryptic_misfit Feb 26, 2015 9:18 AM
    sandollor2000 sandollor2000 Feb 27, 2015 9:35 AM Flag

    I think it was Fireman's that wanted to sell Hudson, Kim was happy with the deal because he retained control of Hudson and got a seat on the Joe's board. Then the shi*t hit the fan. Now they are all scramming around like chickens with their heads cut off. I would think Kim is trying to salvage as much as he can. When the deal to buy Hudson was signed, I thought it was a mutual consideration of Joe's and Hudson management, they both were in favor of the deal. Now Kim resigned from the board creating a split in management. Why did Kim resign?

  • Reply to

    CEO Kim to find consortium to buy out JOEs

    by cryptic_misfit Feb 26, 2015 9:18 AM
    sandollor2000 sandollor2000 Feb 26, 2015 10:24 AM Flag

    I think it is mostly wishful thinking at this point, something may happen with Peter Kim and Joes/Hudson. I don't think Kim wants to lose Hudson and is looking for some arrangement that will allow him to keep the company. Joes, on the other hand is subject to more pain from the gross mismanagement and turmoil from the debt crisis. Getting a new debt deal with more favorable terms is a must if they manage to drag Joes of the gutter, dress it up with a new image. The market for jeans is changing and adjustments have to be made.

  • Reply to

    Fight for the Company

    by unclefrankie72 Feb 23, 2015 4:32 PM
    sandollor2000 sandollor2000 Feb 23, 2015 5:31 PM Flag

    Sounds like Peter Kim is trying to save Hudson, regardless of what happens with Joes Jeans. Could they be separated witht Hudson left standing and Joes going bankrupt?

  • Reply to

    This Is What Happened At JOEZ

    by peristentone Feb 12, 2015 6:17 PM
    sandollor2000 sandollor2000 Feb 18, 2015 9:23 PM Flag

    Could that someone be Peter Kim?

  • Reply to

    Delisting

    by sandollor2000 Feb 18, 2015 11:16 AM
    sandollor2000 sandollor2000 Feb 18, 2015 11:23 AM Flag

    Thanks, delisting has to be avoided if there is to be a recovery.

  • sandollor2000 by sandollor2000 Feb 18, 2015 11:16 AM Flag

    How much time do they have before Joes is delisted?

  • Reply to

    I See It This Way

    by straightalker007 Feb 18, 2015 7:51 AM
    sandollor2000 sandollor2000 Feb 18, 2015 8:28 AM Flag

    It would seem to me that paying off the debt would suffice to becoming the owner of both companies. If Peter Kim owns the debt he basically owns the companies.

  • Reply to

    News Out

    by straightalker007 Feb 17, 2015 7:35 PM
    sandollor2000 sandollor2000 Feb 17, 2015 10:38 PM Flag

    Now that would be great if PK bought out the combined company. If that happened I would load up on the stock. Tomorrow's trading might provide some clues.
    Thanks to all for the input.

  • Reply to

    News Out

    by straightalker007 Feb 17, 2015 7:35 PM
    sandollor2000 sandollor2000 Feb 17, 2015 10:02 PM Flag

    How can Peter Kim oust the Furrows and take control of the combined company as CEO of both Joes and Hudson? It looks very complicated. I don't think PK wants the business to crash and burn, I agree he must be mad as hell!

JOEZ
0.1755+0.0005(+0.29%)Jul 28 4:00 PMEDT