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Swisher Hygiene Inc. Message Board

tiredmule 19 posts  |  Last Activity: Apr 17, 2014 10:34 AM Member since: Jun 19, 2007
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  • tiredmule tiredmule Apr 17, 2014 10:34 AM Flag

    nancy......poor taste in analogy; very offensive.

  • Reply to

    open market purchase

    by tiredmule Apr 15, 2014 4:26 PM
    tiredmule tiredmule Apr 15, 2014 10:49 PM Flag

    ....not so sure. While I have no legal background to support my position, I do not see it the same as you. In Clinton Groups 12/18/2013 Amended SC13DA SEC filing, they clearly stated their intentions of looking into financing alternatives which would position the Fund to make an offer to acquire the Company to take it private. That places the going private discussion into the public domain, and no longer falls into the non-public information. If there has been no direct discussion yet between Clinton Group and the Board about a tender offer, then I see no reason why the Board and Management cannot buy on the open market. They certainly are timely with their Form 4 SEC filings about such purchases. I would not expect an offer by the Clinton Group to take place prior to the annual meeting. If it is going to occur, either by the Clinton Group or some other, it will most likely follow the Annual, and if and when such direct discussions are initiated, I would then expect further inside buying to cease from that point forward until after disclosure to all shareholders of a tender offer.

  • tiredmule by tiredmule Apr 15, 2014 4:26 PM Flag

    Form 4 filed today for Director Adam Rothstein, who purchased another 20,000 shares on the open market over the past couple business days.

  • Reply to

    A Board Must Approve a Takeover

    by bigmike32003 Apr 14, 2014 9:13 AM
    tiredmule tiredmule Apr 14, 2014 10:04 AM Flag

    bigmike,

    Your lead in says it all, that is why I do not anticipate any potential buyout until after the annual meeting and upon the Board's approval by shareholders. Would the Clinton Group make a move before the Board is locked in? I think not.

  • tiredmule tiredmule Apr 8, 2014 9:20 AM Flag

    bear... Not so. The Compensation Committee of the Board had determined Goodman had to forfeit his shares due to not meeting his performance metric for fiscal year ended February 1, 2014.

  • tiredmule by tiredmule Apr 7, 2014 9:02 PM Flag

    October 2012, Clinton Group is successful in placing John Mills, Mindy Meads, Dorrit Bern and Linda Davey to the Wet Seal Board. Existing Board members Kathy Bronstein, Ken Reiss and John Goodman remain, for a total of 7 board members.
    February 2014, Mindy Meads resigns her seat to focus on her new role as CEO of Calypso St. Barth. Six Board members remain.
    March 2014, Adam Rothstein Nancy Lublin, and Denna Varshavskaya added to Board (my opinion, influenced by Clinton Group), for total of 9 Board members.
    April 2014, Kathy Bronstein, existing member of the Board at time of October 2012, Clinton Group proxy challenge, resigns (my opinion, valuable to the Company but probably served her purpose). Eight Board members remain.
    April 2014, Wet Seal announces reduction of Board from 9 to 7 members to meet financial metrics. (Kathy Bronstein, who just resigned, would be one of the two)
    Of the remaining 8 Board members, John Goodman and John Mills have made open market purchases over the past couple weeks. As a well respected CEO, John Goodman is not going anywhere. The remaining Board members were nominated (Mills, Bern,Davey) by the Clinton Group, and IMO, Rothstein, Lublin and Varshavskaya, influenced by the Clinton Group in their recent appointments. This leaves Reiss, who was a carryover Board member during the 2012 proxy fight, with one Board member reduction still to take place at the next Annual Meeting.
    Whether the Clinton Group remains interested in taking the Company private, I can only speculate. It certainly looks to me that they have certainly influenced the makeup of the Board.

  • tiredmule tiredmule Apr 5, 2014 1:05 PM Flag

    trader,
    I have developed an interest in this company and in the process of kicking the tires, came across your March 31st post. Would like to comment. The only Form SC 13D filing I found for that date was by Starboard Value LP, so I am assuming that is the filing to which you refer. There is no new 10+ mil purchase. Starboard Value does own 9,154,282 shares common, which makes up 8.3% of their portfolio. The filing is an amendment to a previous filing, and is put forth as a matter of record that one of their managing partners is no longer a member of the Board of Unwired Planet, Inc. "On March 26, 2014, Peter A. Feld resigned from his position as a member of the Board. Mr. Feld's resignation was not related to ay disagreement or dispute with the Issuer."

    There were no new transactions by Starboard Value LP during the preceding 60 days. However, since their last filing in July 2013, they have increased their share ownership by 641,282 shares, which brings them to the 9,154,282 identified in the March 31, 2014, SC 13D/A filing. Still positive. Good trading to you.

  • EVP of Store Operations purchased 10,000 shares of common yesterday. That makes the 6th insider buying over the past week.

  • Reply to

    deviateur - Question

    by ecuddy1986 Apr 2, 2014 12:36 PM
    tiredmule tiredmule Apr 2, 2014 3:08 PM Flag

    .....may I add, the announcement, whenever, is a material event, so a PR would surely precede any discussion at the presentation.

  • Reply to

    Draft License

    by bkhulett Mar 28, 2014 9:01 PM
    tiredmule tiredmule Mar 31, 2014 5:22 PM Flag

    We have the end of June Russell Indexes rebalancing soon to be upon us, so with the good fortune of the share price holding, we could possibly see another bounce. Those companies likely to be picked-up usually see positive price movement as much as 6 weeks prior to June 25th.

    Sentiment: Buy

  • tiredmule by tiredmule Mar 25, 2014 6:21 PM Flag

    Today's SEC Form 4 filing shows where CEO Blake Thompson purchased 155,000 shares of common on the open market last week. Doubt that he would be doing so if the "lights were being turned out".

  • tiredmule tiredmule Mar 25, 2014 4:46 PM Flag

    .......maybe, maybe not. If you were looking to buy up a company, would you not want to do so with the lowest possible offer. A little help with a downgrade at a time when you're shopping works well. Based on published articles, firms other than the Clinton Group have shown interest in Wet Seal, but whether they follow through with action is yet to be determined.

    Based on the Clinton Group's latest SEC SC13D/A filing of March 21st, they own 6,244,011 shares and options, at a cost of $18,949,000, which averages about $3.03 a share, and committed those shares for approval of the new Directors at the upcoming annual meeting. Clinton Group's influence is all over the three new Directors. The timing of Clinton's letter to Management endorsing Managements recent decisions, and the new initiatives to improve profitability, doubtfully was by coincidence . Surely both Management and Clinton Group anticipated a downgrade which would create panic selling. This could all be working in Clinton's favor.

  • tiredmule tiredmule Mar 6, 2014 8:17 AM Flag

    As noted in previous posts, most likely due to Clinton Groups publicly filed announcement that they are exploring financing to take the Company private. Mindy Meads, who was a recent Clinton nominee to the Board, presented her resignation to become effective February 3rd. I assume that either the Clinton Group or another Fund who may be assisting with financing towards taking the Company private, needed the extension to identify and nominate a replacement for Mindy that would represent their interests in the forthcoming bid which may be made.

  • Reply to

    10 percent owner filing

    by chiefefe32 Feb 14, 2014 2:20 PM
    tiredmule tiredmule Feb 15, 2014 3:18 PM Flag

    The filing was a 2013 SEC year-end requirement for Paradigm Capital Management due to their more than 5% ownership in Wet Seal. It is really old news. And actually, they reduced their holdings during 2013 by 232,310 shares. Chump-change considering the 8,462,200 shares they hold.

  • tiredmule tiredmule Feb 14, 2014 8:31 AM Flag

    .....not sure that it is that no one is watching or cares as you suggest, but more likely because the transactions were nothing more than all Directors being awarded stock thru the Company's Stock Incentive Plan. No stock was purchased by the Director's on the open market, and unless they are placing their own cash into an acquisition, it is not much of a story. Furthermore, based on where the current share price is, it could be debated as to whether the awards were justified.

  • tiredmule tiredmule Feb 13, 2014 6:29 PM Flag

    ......how about 45m in cash as of February 1, 2014? Do agree that the company is beaten down and has been oversold.

  • tiredmule tiredmule Feb 13, 2014 5:37 PM Flag

    According to today's SEC filings, shareholders will have the opportunity to vote on a reverse split of between 1 for 3 and 1 for 10 to take effect anytime before December 31, 2014, among other Company business, at the annual shareholders meeting scheduled for April 25, 2014.

  • Reply to

    News

    by iyel Feb 6, 2014 2:15 AM
    tiredmule tiredmule Feb 6, 2014 6:34 PM Flag

    Swisher Hygiene settles U.S. class action lawsuit for $5.5M
    Swisher Hygiene announced that it has entered into a Stipulation of Compromise and Settlement with the Lead Plaintiffs in the consolidated class action lawsuits filed in the U.S. against the Company. Pursuant to the Settlement, which remains subject to Court approval, the company has agreed to pay $5.5M to a Settlement Fund. The Settlement Payment is reimbursable by Swisher's insurer. Plaintiffs acting on their behalf and on behalf of all Class Members, have agreed to dismiss all claims in the class action against Swisher and the individual defendants with prejudice. The Lead Plaintiff and its Claims Administrator will manage the administration and distribution of the Settlement Fund among the Class Members and the payment of expenses therefrom, subject to Court approval.

  • Today's SEC filing by Mercury Management indicates that as of December 31, 2013, the Fund still held 3,405,939 shares Majesco common stock....7.34%. Vote of confidence?

SWSH
0.4053-0.0137(-3.27%)Apr 17 4:00 PMEDT

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