Nussbaum, Katz, and Purchase ran this to the ground in 5 years after Perf purchased Parlux it been nothing but down hill. They all said this was good for the investors but they were the investors. They never had control of the assets. They need to sell Parlux off to Cody or another entity. Closing a handful of stores is not going to do enough it is BS. They need to break this company down.
Expect this to go Up, den crash Hard!
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The Nutsbaums want to pay you $2.00 per share to take the company private. If the stock opens tomorrow higher means there is some entity out there willing to pay a higher price.
This is Nutsbaums problem. He owns 60 % of the common stock and maybe 95% of the debt. He needs to do something that is smart like sell the company to some Company in the industry with deep pockets. He and Katz are in their 60"s and close to rapping it up. However if he is not smart he goes down with the ship
Now at $1.15! Pumpers should be ashamed of themselves.
This is going to go up
This company was profitable last quarter, the book value is over $4/share. They have almost half a billion in sales, and the company is only valued at $25 million. I just bought some shares. I think something will happen, they will have a good quarter, etc...in the next year, and I can sell for $3/share for a 100% profit. There is little downside at this point because just the Parlux division is easily worth more than $1.50/share.
Glenn Nussdorf has truly wrecked the company. Several years ago, he paid $120M for Parlux. The combined company is now worth $24M. Anyone who pumps this stock should be ashamed of themselves.
nice little bump $$$
Did somebody really buy 382k shares and drive the price up to $3.00in the middle of the day! what do they Know?