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Chart Strategies : BBAO
Concerning BBAO, the chart indicators are showing a downtrend currently. With the TRIX(7,5) falling, the MACD falling, and the -DI and +DI converging negatively, this looks like it is going to land around .013 to .015 which is where it closed Friday.
I do notice that this has bounced twice off of the TRIX(7,5) and also off the MACD. This is generally indicative of another bounce for the most part.
I would watch carefully at the PPS while it is around .015. This seems to be the make or break point. If the PPS can stay above .015 then I feel this has another bounce potential, but if it falls above it then I say get what you can while you can until it consolidates.
JM2CW
I'm not really familiar with this one...I still have to see something about the fate of the stock
it's ready any opinion?
daily/weekly charts.........
i expect 0.6-0.8 been waithing 4 months now nite has been eating lots of shares thes past 4 months coukld happen right know. good luck
up again today...per scottrade, book value is 1.81
we have a new website check ibox i thing we will be reward very soon for our patient
have you called the company lately?
got some at a higher price =(
lifegear i would load up with BBAO chart is setting up to go ballistic could be next week
BBAO yes very much iam loaded not selling under $1
2/19/08 HILCO CONSUMER CAPITAL ACQUIRES THE BOMBAY COMPANY, INC. BRAND
Hilco Consumer Capital and Gordon Brothers Group acquire all intellectual property of the Bombay Company, Inc.
Toronto (February 19, 2008) - James Salter, Chief Executive Officer, Hilco Consumer Capital Corp., today announced the completion of the acquisition of all intellectual property and the URL of the Bombay Company, Inc., excluding Canada. These assets, which include the Bombay name, will be placed in a newly-formed company, Bombay Brands LLC. As the managing partner, Hilco will focus on revitalizing, extending and maximizing the value of the Bombay brand through a pure licensing strategy.
Mr. Salter also announced that John Collins, Chief Marketing Officer of Hilco Consumer Capital, has been named President of Bombay Brands and will oversee work to cultivate and adapt the brand into a thriving internationally relevant and dynamic market leader in the home furnishings industry.
Mr. Salter stated, “Bombay Company Inc. has tremendous brand equity in the global marketplace and we believe consumers will continue to embrace the classic styles of the brand moving forward.”
Mr. Collins stated, “Looking ahead, we will work strategically to create a new positioning in the marketplace for Bombay Brands LLC, to revitalize, extend, and maximize the brand in the global retail marketplace through strategic retail licensee and brand franchisee partners.”
About Hilco Consumer Capital, LLC
Hilco Consumer Capital (“HCC”) is a leading private equity firm that makes strategic investments in consumer lifestyle Brands through acquisitions of manufacturers, wholesalers, intellectual property and retailers. Hilco specializes in the acquisitions of North American companies from $25 million to $250 million normally as the controlling shareholder.
Hilco’s current portfolio includes, Caribbean Joe®, Tommy Armour Golf®, RAM Golf®, which includes Zebra Putters and Teardrop Golf. Also included in their portfolio are Bombay Brands LLC, and the iconic designer brand Halston®, which it controls jointly with the Weinstein Company. HCC is a unit of The Hilco Organization, a Chicago-based, international provider of diversified financial services, including business asset valuations, asset acquisition and disposition services, M&A services, special situation debt and equity financing and retail consulting.
About Gordon Brothers Group
Founded in 1903, Gordon Brothers Group is an advisory, restructuring and investment firm specializing in the retail, consumer products, real estate and industrial sectors. The firm provides a wide variety of services to companies at times of growth and restructuring. Gordon Brothers Group capabilities include asset valuations, dispositions and appraisals, real estate consulting, retail store operations, capital solutions, restructuring and advisory services. The firm has unparalleled expertise in assisting healthy and distressed companies to maximize the value of their underperforming assets. During the past three years, GB has appraised over $100 billion of assets, managed more than 7,000 stores, sold more than $10 billion of inventory and restructured or sold over 120 million square feet of retail space.
Media contact: CMO, Hilco Consumer Capital
Name: John Collins
Phone: 416 682-5680
Email: jcollins@hilcocapital.com
do you guys still like BBAO? doesn't the current shareholders retain 25% of the new company?
Hello Bombay board. My name is Wayne and am new to Bombay I Hub, but NOT new to I Hub. I am a MOD on two boards and designed the info Board on HISU.
I hope that I can help here in time.
Might be some short covering or something, interesting though...
wel the way i see; it chart is ready for a big run! it will correct itself to 0.3-0.5 where it belong right now. they are under chp 11 not 7 ! bombay is in my opion still $30-40 mil worth right now. in a few weeks we will be trading in the 0.3-0.5 range !
im holding strong till we hit target
i think we have a strong run here this time i expect 0.1 this week
yep..now just trying to figure out where bottom is...or was
Shows you how worthless this paper really is... hell of a bounce though...
Wow and what a crash
assets of $239.4 million and debts of $173.4 million this means there will be $66mil left for us
she probably still has some legs but time to move on..glta..may be back.
Nice Flip, she might have more left in her though...
Thanks, got out @ .044... lost my warm fuzzy...lol
38.000.000 shares issued
Probably more of just a dead cat bounce here but it has been very impressive!
doesnt take much to move this one does it
are you serious? 36 cents?? how?
I wonder how much that IP could be worth...looks like the market liked the news.. a few days ago
Just cleared .04! .04 X .045 Nice!
Chart since we have broke through the 50 day MA maybe the 100 day MA is next, that would be nice...
welcom are you ready for a 10 bagger here i think they will move it up soon lunch time will tell the story
they are running away from the ask like hell everything under 0.1 is a no brainer
this will be at 0.36-0.4. very soon this is why:The higher the price paid for Bombay's building, the more money its creditors could see. Bombay has estimated that its unsecured creditors could see their claims repaid at 4.3 cents to 36.6 cents on the dollar
the reason it went to 0.004 because of the tax losses and the mm taking advantage and to cover up as cheap as possible
this will correct itself back to the 0.1-0.2 level where it belong right now
the chart looks good, thats for sure
nite now at 0.03 nite could see 0.1 this week but tax losses are done here
70k sold 10 bought up 5% they are short big time the covering has started
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