Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
5's may be gone, try 6's?
Well I have been sitting at high bid with no fill even though .005 are going off on the tape????
I am riding out this little storm, just waitng to get a chance to ave down a little here, looks like a hell of a bounce with a little buying!
Thin ask, bid whackers wont be around much longer...
Guess not. Going for more?
MKTSQ, BIG INFO Jefferies & Co., a company that specializes in Wall Street mergers, to look for a potential buyer, merger partner or deep-pockets investor.
According to AMS officials, some potential buyers were nervous about the possibility that they would be held liable for fixing the company's accounting system.
Hence the following with B & T.
In addition, B & T will not be responsible for any penalties associated with the SEC and Justice Department investigations of AMS.
That statment implies that the Common shares of MKTS will go to B & T!!!!
This baby going right back to HOD +, l2 thin to .02! Going for more here!
MM's NIII, PERT, & HDSN, all big buyers yesterday, take a close look at l2, these three know something is up!!
Same here, they gave me a partial then bumped the ask way up.
That does not imply anything concerning a takeover of the common shares, can you show me one shred of evidence that states a takeover... B&T are buying the assets of this BK company, I see no reason for them to want this dirty shell...
I have played shells for years now, the only reason I posted over here is because I was sent a PM on this one and after reading the posts here and doing some DD I felt the need to set the record straight... I tell you what, why don't you post this question to SSP over on the TGL board and lets see what he says...
My rebuttle to MWM, point is about the common shares, I have evidence stating that B & T will not be liable for AMS trouble witht he SEC, implying that B & T will take over the control of the MKTS securities, see below!! Why some people like to bash stocks that have great potential, only reason I know is to get in cheap!
HIS BS about no proof of buyout, well what does this say!
B&T Will Pay $76 Million
According to documents filed with the bankruptcy court, Baker & Taylor will pay approximately $76.3 million for AMS assets. The price includes $20 million for what is called "enterprise value"; $50.3 million for accounts receivable (excluding PGW); and between $6 million and $11.3 million for Advantage Publishing Group inventory. B&T will pay 75% of the full cost of accounts receivable (valued at $65 million) and for the APG inventory (valued at $8 million to $15 million).
http://www.publishersweekly.com/article/CA6416339.html?display=breaking
Among the assets being acquired are rights to the Indianapolis returns center; facilities in Sacramento, Calif.; Ashland, Ore.; and Bentonville, Ark.; the stock of AMS Mexico and AMS UK plus trademarks. The deal does not include the Indianapolis distribution center, which is used primarily by PGW. B&T will also not be acquiring AMS Singapore and AMS Australia assets or AMS's stake in Raincoast. In addition, it will not be responsible for any penalties associated with the SEC and Justice Department investigations of AMS.
That bold statment implies that the Common shares of MKTS will go to B & T!!!!
MM's tried to do this shake yesterday, they know what the deal is and will shake you loose for those shares, they want them, why, because this is going to go big time!!
An AMS spokesman estimated last month that the total price could come to $76 million. The company is among the top book distributors in the country, putting best-sellers on the shelves of such chains as Wal-Mart , Costco and Target.
But as that story plays out, so does the fate of AMS, now officially in the hands of aker & Taylor after court approval of the $76 million dollar sale. PW Daily reported yesterday that Baker & Taylor has created Baker & Taylor Marketing Services and, beginning Monday, resumed shipping new titles to the warehouse clubs. The purchase, which also includes UK and Mexico assets, involves a range of assets used by AMS to sell bestsellers and other books into the membership warehouse clubs.
Baker & Taylors's new subsidiary Baker & Taylor Marketing Services will be the new entity in control of MKTS!!!
Accumulation going on here..bigger buys
"Anticipated"??
I don't think it will go under .011. Bouncing here
I see no proof of any buyout for any MKTSQ shares and your posts are very misleading...
Finally, the Company announced that, in connection with the pending chapter 11 proceeding, it is not anticipated that any payments will be made with respect to outstanding shares of the Company's common stock.
You forgot to post this part:
Among the assets being acquired are rights to the Indianapolis returns center; facilities in Sacramento, Calif.; Ashland, Ore.; and Bentonville, Ark.; the stock of AMS Mexico and AMS UK plus trademarks. The deal does not include the Indianapolis distribution center, which is used primarily by PGW. B&T will also not be acquiring AMS Singapore and AMS Australia assets or AMS's stake in Raincoast. In addition, it will not be responsible for any penalties associated with the SEC and Justice Department investigations of AMS.
That bold statment implies that the Common shares of MKTS will go th B & T!!!!
NIII (non retail) BIDDING THIS UP!! .0145x.015
bid/ask please
I noticed that...
new events have taken place that are beginning to shed some light on this company. Chart is certainly shaping up nicely.
Advanced Marketing Services Announces Completion of Sale of Majority of its Assets
SAN DIEGO, Mar 21, 2007 (BUSINESS WIRE) -- Advanced Marketing Services, Inc. (Pink Sheets: MKTS) (the "Company"), today announced that it has completed the sale of the majority of its assets to Baker & Taylor, Inc. ("B&T"), the world's largest book distributor, pursuant to an Asset Purchase Agreement dated February 16, 2007, as amended.
The Company filed a petition pursuant to chapter 11 of the Bankruptcy Code on December 29, 2006, and became a debtor-in-possession. The sale to B&T was conducted pursuant to Section 363 of the Bankruptcy Code, was subject to an auction process, and was approved by the United States Bankruptcy Court for the District of Delaware on March 9, 2007. No other bids were received.
The Company previously entered into a purchase agreement with Perseus Books, L.L.C., in connection with the sale of certain assets of the Company's Publishers Group West Incorporated subsidiary; that sale also was approved by the Bankruptcy Court.
The Company also announced that, as contemplated following the completion of the sale to B&T, Curtis R. Smith, the Company's Executive Vice President and Chief Financial Officer, has succeeded Gary M. Rautenstrauch as the Company's Chief Executive Officer. Mr. Smith will supervise the final winding-down of the Company's business operations. Mr. Rautenstrauch will remain a member of the Company's Board of Directors.
Finally, the Company announced that, in connection with the pending chapter 11 proceeding, it is not anticipated that any payments will be made with respect to outstanding shares of the Company's common stock.
chart confirms reversal and potential break out from here:
Yikes,, that's a lot of dough to fish out!!
Nice find Hdog!
*MKTSQ* That's a huge find!
Quick valuation gives u minimum dollar land for the stock. 76 mil / 19.40 = 3.91$. Say the company gets only 10% out of that it still gives u .39 cents! wow..wat is ur thoughts on the share valuation? ;) thanks
this is the sort of stuff dreams are made of!!!!! WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE LOL.
HUGE!!!HUGE!!
B&T Will Pay $76 Million
According to documents filed with the bankruptcy court, Baker & Taylor will pay approximately $76.3 million for AMS assets. The price includes $20 million for what is called "enterprise value"; $50.3 million for accounts receivable (excluding PGW); and between $6 million and $11.3 million for Advantage Publishing Group inventory. B&T will pay 75% of the full cost of accounts receivable (valued at $65 million) and for the APG inventory (valued at $8 million to $15 million).
http://www.publishersweekly.com/article/CA6416339.html?display=breaking
dude - this company is HUGE!!!!!!!!!!!! 50 day is going DOWN tomorrow!!!!!!
Baker & Taylor's acquisition includes Advanced Marketing assets through which it distributes best-sellers, children's books, culinary titles, reference works, and other
books to membership warehouse clubs. Baker & Taylor also acquired Advanced Marketing's wholesale distribution operations in the United Kingdom and in Mexico.
Baker & Taylor said it would operate the warehouse club business under a new brand, Baker & Taylor Marketing Services, and intends to resume full shipping operations to the warehouse clubs on Monday March 19.
Richard Willis, Baker & Taylor's chairman and chief executive officer, noted that Advanced Marketing had been the dominant wholesale book club distributor for over 20 years. "The Advanced Marketing acquisition is a perfect fit with Baker & Taylor and gives us a formidable presence in this industry," noted Willis.
"At Baker & Taylor," Willis said, "we have built the world's largest book wholesaler by focusing on the needs of our customers. Advanced Marketing's employees have shown the same dedication and passion for their customers, and we are pleased to be able to give them the opportunity to continue to grow their business."
Baker & Taylor, founded in 1828, is based in Charlotte, North Carolina. Advanced Marketing's headquarters is in San Diego, California. Baker & Taylor Marketing Services will continue to keep its primary office in San Diego and operate warehouses in Indianapolis, Indiana and Sacramento, California.
Baker & Taylor is a portfolio company of Castle Harlan Partners IV, L.P., an investment fund organized and managed by Castle Harlan, Inc., a leading private equity firm based in New York. Castle Harlan acquired Baker & Taylor last summer.
Castle Harlan, founded in 1987, invests in controlling interests in the buyout and development of middle-market companies in North America and Europe. Its team of 20 investment professionals has completed 48 acquisitions since its inception with a total value in excess of $9 billion. The firm traces its roots to the start of the institutionalized private-equity business in the late 1960s.
Castle Harlan's current portfolio companies, which employ more than 42,000 people, include Ames True Temper, a leading manufacturer of lawn and garden tools and accessories; RathGibson, a leader in the manufacture of stainless steel and high alloy precision-welded tubing, and Perkins & Marie Callender's, Inc., which operates and franchises 618 family restaurants in the United States and Canada.
Source: Baker & Taylor, Inc.
We broke 21MA today and need to break 50MA tomorrow for the blue skies!!!!Nice vol and accumulation!
Baker & Taylor Forms New Group
With the completion of the purchase of the wholesale operations of AMS, Baker & Taylor has formed Baker & Taylor Marketing Services to sell titles into the warehouse clubs. The purchase also included AMS's wholesaling operations in the U.K. and Mexico.
http://www.publishersweekly.com/article/CA6427471.html
It certainly got my attention this was about 3 bucks several months back. This movement, and I'll tell ya, with very liitle attention at this point..wait till boardmarks get closer to 50, then 100, the pps will be around .10 by then,,oh,,in my opinion.
Just checking out the L2's here. VERY HEALTHY movement. There are some HUGE companies on the pinks that trade during bankruptcy. The fact that this company is one of the largest in its field and is going about its normal course of business is testament to the fact that this stock could move much much higher. Stock was on the NYSE only 18 months ago or so!!! Expect a PPS much much higher as the company continues to make acquisitions etc. and moves out of "Q'" land!! GREAT DAY!!!
Followers
|
3
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
195
|
Created
|
05/30/07
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |