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it should do better rest of da yr now.
GLA short term trend went green recently...Market averages are up but its hard to find any short term green trends in anything lately...Do you have any more like this?...LJ
http://www.barchart.com/opinions/stocks/GLA
Clark Holdings Inc (GLA)
0.37 -0.05 (-11.90%) Wednesday, Sep 15th, 2010 4:20P EST
Trader's Cheat Sheet
Current Price 0.37 Current Price
http://www.barchart.com/cheatsheet.php?sym=GLA
Maybe tomorrow will be the time to put a little chink in the armor of any new shorts entered today?...
If any shorts covered today after the recent runup, then entered new short positions, and then dumped into the close...
Have to think like a blooming idiot with these things sometimes...
Purely speculative thinking to pass the time from me, of course...LJ
this is good...divy would be nice...
GLA has more restructuring news on Tuesday if I intepret the pr right...LJ
Container traffic thru the Port of Los Angeles up over 24% in August versus the year ago month...LJ
Hhhmmm, Strong volume with an upswing today...LJ
good stats there LJ. having a great weekend?
GLA chart slowly turning to Buy on short term indicators...LJ
http://www.barchart.com/opinions/stocks/GLA
Looks like the Clarkcubed subsidiary website is gone so the downsizing must be in gear...LJ
i think may go north in first wk of sept.,2010
OK, seems like a nice time to be taking a trip...LJ
i got message from one you ask.
mentioned something about sept.,2010
Mick, the sector has some companies setting their marks and hitting them as planned and rewards them...LJ
This is an example of a big outfit executing...
http://www.barchart.com/quotes/stocks/ODFL
Super and thank-you...If you hear anything please let me know...Been on a holding pattern of making additional committment...LJ
LJ, i sent the pm as asked.
it may need to cut some corners to show more improvement to shareholders.
Undervalued on an asset basis was the primary attraction for this one and may continue to be...
Making a profit is a must to reinforce the valuation of the company being cheap...
Company still may have a few tough decisions on higher wage reductions to make, but it should be an easy decision for those who still want to earn a sweet paycheck...
We just won't find out when the cuts are effective enough until after they are in place for awhile...LJ
need a huge truck hauler to read all magazines?
a boom in sale circular tonnage is OK...LJ
all i can gov't money keeping economy going some but soon at asnail pace now.
Some magazines seem to be thicker this month than usual for some reason...
These folks could stumble into a profit with a little extra tonnage added to the revenue...perhaps...LJ
if adjustments made it doesn't amount too much in reading.
10Q filing out...Will update the I-box later to reflect the company closing out the brokerage division in Aug., 2010...
$649k loss with a $594k impairment of IT equipment really hurt the quarter showing the progress versus the year ago quarter, Imo...
Win some, lose some, and some days you just get rained out...LJ
Gonna be interesting to see the 2nd quarter filing to see if ClarkCubed helped increase business of Clark Worldwide during the quarter...LJ
http://www.clarkcubed.com/
http://www.clarkworldwide.com/contactclark.jsp
http://en.wikipedia.org/wiki/Carson,_California
Port of Los Angeles should have had a busy quarter...
http://en.wikipedia.org/wiki/Port_of_Los_Angeles
No, but these guys are more into moving items with advertising than spending on advertising about themselves...
10Q next week?...LJ
is there any news today?
Well, looks like some folks had their resolve tested on Tuesday...LJ
maybe summer rally starting?
Yes, and price looking better today...LJ
I heard that level 3 is cool...LJ
this what we like good filings and top pr's.
level 2 and level three good pps tellers.
Another filing out from GLA today...LJ
http://ih.advfn.com/p.php?pid=nmona&article=43912828&symbol=A%5EGLA
Have you ever figured out how many shares are being offered on the level 2 ask at times?...
Most of the times a 100 shares will show on the ask and that isn't making a market, is it?...
May just be the level 2 feed from the broker...LJ
premium, of course...LJ
it has been since the 1st grade...LJ
that is quite a difference pps from trading today.
Mick, my estimate for float is still far below published figures available from sources...My estimates are obtained from tabulating share count info and ownership info available from company filings...
The ownership info has notations of what amounts are included in each figure for warrants if exercised for share ownership...
An estimate for institutional shares owned comes from about 11,274,577 shares minus about 4,588,163 warrants for about 6,686,414 shares net...
An estimate for insider shares owned comes from about 4,543,777 shares minus about 1,530,737 warrants for about 3,013,040 shares net...
One of the figures should be including the escrow shares discussed in 10Q filings but not sure which...
About 6,686,414 plus 3,013,040 equals about 9,699,454 shares owned by investors and insiders...
12,032,193 on 07-16-10 is the share count outstanding showing in the latest filing...
About 12,032,193 minus about 9,699,454 equals about 2,332,734 shares...
2.3 million float is a lower amount that the amount showing from sources in the I-box...
Always could be a changing at times though...LJ
Mick, here is some ownership info from the recent filing which discusses beneficial owners...
Security Ownership of Certain Beneficial Owners and Management
The following table sets forth certain information as of July 16, 2010 with respect to the beneficial ownership of our common stock by (i) those persons or groups known to beneficially own more than 5% of our voting securities, (ii) each of our current executive officers and directors, and (iii) all of our current directors and executive officers as a group. Percentage ownership information is based on 12,032,193 shares of our common stock issued and outstanding as of July 16, 2010.
Name and Address of Beneficial Owner(1) Number
of Shares Percentage
5% Holders:
Cherokee Capital Management, LLC(2) 3,080,000 25.6 %
T. Rowe Price Associates, Inc.(3) 2,646,600 19.3 %
Davis Selected Advisors, L.P.(4) 1,493,715 12.4 %
Charles Royce(5) 1,503,497 11.5 %
James J. Martell(6) 1,240,065 10.0 %
Pine River Capital Management(7) 1,311,300 9.8 %
Executive Officers and Directors:
Gregory E. Burns(8) 4,028,725 30.0 %
Edward W. Cook(9) 173,106 1.4 %
Donald G. McInnes(10) 137,688 1.1 %
Maurice Levy(11) 118,058 1.0 %
Brian Bowers(12) 38,135 *
Brian Gillen(13) 25,149 *
Charles H. “Skip” Fischer(14) 21,249 *
Robert C. LaRose(15) 1,667 *
Kevan Bloomgren(16) 0 *
All directors and executive officers as a group (nine individuals)(17) 4,667,485 33.2 %
* Less than 1%.
(1) Unless otherwise indicated, the business address of each of the individuals is 121 New York Avenue, Trenton, New Jersey 80638.
(2) Each of Cherokee Capital Management, LLC, Charles C. Anderson, Jr., Joel R. Anderson, the Delaware ESBT of Charles C. Anderson, Jr., Terrence C. Anderson, Clyde B. Anderson, Harold M. Anderson and David Gillis has shared power to vote and dispose of the shares of common stock. The business address of each of the reporting persons is c/o Anderson Media Corporation, 6016 Brookvale Lane, Suite 151, Knoxville, Tennessee 37919. The foregoing information was derived from a Schedule 13D, as amended on November 5, 2009.
(3) Represents 1,012,000 shares of common stock owned directly and 1,634,600 shares of common stock subject to warrants and conversion rights. T. Rowe Price Associates, Inc. (“T. Rowe Price”) has sole power to dispose of all such shares and has sole power to vote 84,800 of the shares owned directly and 117,400 of the shares subject to warrants and conversion rights. T. Rowe Price New Horizons Fund, Inc. (“Fund”) has sole power to vote 927,200 of the shares owned directly and 1,517,200 of the shares subject to warrants and conversion rights. The business address of each of T. Rowe Price and the Fund is 100 E. Pratt Street, Baltimore, Maryland 21202. The foregoing information was derived from a Schedule 13G, as amended on February 23, 2010.
(4) Davis Selected Advisors, L.P. has sole voting and dispositive power over the shares of common stock. The business address of Davis Selected Advisors, L.P. is 2949 East Elvira Road, Suite 101, Tucson, Arizona 85706. The foregoing information was derived from a Schedule 13G, as amended on February 12, 2010.
5
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(5) Includes 498,952 shares of common stock and 1,004,545 shares of common stock subject to warrants, over which Mr. Royce has sole voting and dispositive power. The business address of Mr. Royce is c/o Royce & Associates, LLC, 1414 Avenue of the Americas, New York, New York 10019. The foregoing information was derived from a Schedule 13D, as filed on February 15, 2008 and a Form 4, filed on March 11, 2008.
(6) Includes 808,247 shares of common stock and 431,818 shares of common stock subject to warrants, over which Mr. Martell has sole voting and dispositive power. The business address for Mr. Martell is 825 Highland Lane, #1105, Atlanta, Georgia 30306. The foregoing information was derived from a Schedule 13D, as filed on March 17, 2008.
(7) Each of Brian Taylor and Pine River Capital Management L.P. (“Pine River”) has shared power to vote and dispose of the shares of common stock. The business address of each of Mr. Taylor and Pine River is 601 Carlson Parkway, Suite 330, Minnetonka, Minnesota 55305. The foregoing information was derived from a Schedule 13G, as filed on January 15, 2009.
(8) Includes 2,616,926 shares of common stock, 1,353,464 shares of common stock subject to warrants and 58,335 shares of common stock subject to stock options, over which Mr. Burns has sole voting and dispositive power. Does not include 101,665 shares of common stock subject to stock options that are not currently exercisable and will not become exercisable within 60 days. Mr. Burns’ business address is 330 Madison Avenue, 6th Floor, New York, New York 10017. Mr. Burns is a member of our board and is our President and Chief Executive Officer.
(9) Includes 71,862 shares of common stock over which Mr. Cook has sole voting and dispositive power, 2,000 shares of common stock over which Mr. Cook has shared voting and dispositive power, 90,909 shares of common stock subject to warrants over which Mr. Cook has sole voting and dispositive power and 8,335 shares of common stock subject to stock options over which Mr. Cook has sole voting and dispositive power. Does not include 21,665 shares of common stock subject to stock options that are not currently exercisable and will not become exercisable within 60 days. Mr. Cook’s business address for is Performance Fire Protection, LLC, Lakeside Business Park, 181 Gasoline Alley, Mooresville, NC 28117. Mr. Cook is a member of our board.
(10) Includes 70,062 shares of common stock over which Mr. McInnes has sole voting and dispositive power, 200 shares of common stock over which Mr. McInnes has shared voting and dispositive power, 59,091 shares of common stock subject to warrants over which Mr. McInnes has sole voting and dispositive power and 8,335 shares of common stock subject to stock options over which Mr. McInnes has sole voting and dispositive power. Does not include 21,665 shares of common stock subject to stock options that are not currently exercisable and will not become exercisable within 60 days. The business address for Mr. McInnes is 75 Waterside Avenue, Falmouth, Massachusetts 02540. Mr. McInnes is the Chairman of our board.
(11) Includes 79,450 shares of common stock over which Mr. Levy has sole voting and dispositive power, 3,000 shares of common stock over which Mr. Levy has shared voting and dispositive power, 27,273 shares of common stock subject to warrants over which Mr. Levy has sole voting and dispositive power and 8,335 shares of common stock subject to stock options over which Mr. Levy has sole voting and dispositive power. Does not include 1,665 shares of common stock subject to stock options that are not currently exercisable and will not become exercisable within 60 days. Mr. Levy’s business address is Smart Ventures LP, 6357 Chamberlyne Drive, Frisco, TX 75034. Mr. Levy is a member of our board.
(12) Includes 29,800 shares of common stock and 8,335 shares of common stock subject to stock options, over which Mr. Bowers has sole voting and dispositive power. Does not include 21,665 shares of common stock subject to stock options that are not currently exercisable and will not become exercisable within 60 days. Mr. Bowers’ business address is P.O. Box 219335, Kansas City, Missouri 64121-9335. Mr. Bowers is a member of our board.
(13) Includes 18,900 shares of common stock and 6,249 shares of common stock subject to stock options, over which Mr. Gillen has sole voting and dispositive power. Does not include 58,751 shares of common stock subject to stock options that are not currently exercisable and will not become exercisable within 60 days. Mr. Gillen is the President and Chief Executive Officer of our indirect, wholly-owned subsidiary, Clark Worldwide Transportation, Inc.
6
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(14) Includes 15,000 shares of common stock and 6,249 shares of common stock subject to stock options, over which Mr. Fischer has sole voting and dispositive power. Does not include 68,751 shares of common stock subject to stock options that are not currently exercisable and will not become exercisable within 60 days. Mr. Fischer is the President of The Clark Group, Inc., Clark Distribution Systems, Inc. and Highway Distribution Systems, Inc.
(15) Includes 1,667 shares of common stock subject to stock options, over which Mr. LaRose has sole voting and dispositive power. Does not include 8,333 shares of common stock subject to stock options that are not currently exercisable and will not become exercisable within 60 days. Mr. LaRose’s business address is Greatwide Logistics Services, LLC, 12404 Park Central Drive, Suite 300 South, Dallas, TX 75251. Mr. LaRose is a member of our board.
(16) Does not include 30,000 shares of common stock subject to stock options that are not currently exercisable and will not become exercisable within 60 days. Mr. Bloomgren is our Chief Financial Officer, Treasurer and Secretary.
(17) Includes 2,915,525 shares of common stock and 1,636,577 shares of common stock subject to stock options and warrants. Does not include 334,160 shares of common stock subject to stock options that are not currently exercisable and will not become exercisable within 60 days.
Mick, here is some info from the last 10Q filed by the company on the outstanding share count and the share count the company uses to figure earnings per share...
last paragraph in bold...that is why I estimated the shares in escrow need to see the price around $12/share or higher before they come into play...hope it happens soon...
5. ACQUISITIONS AND BUSINESS COMBINATION OF THE CLARK GROUP INC.:
The Company entered into the Stock Purchase Agreement with CGI and CGI’s stockholders on May 18, 2007. The Stock Purchase Agreement was subsequently amended on November 1, 2007.
On February 12, 2008, the Company consummated the acquisition contemplated by the Stock Purchase Agreement. At the closing of the Acquisition, the Company purchased all of the issued and outstanding capital stock of CGI for a total consideration of $75,000,000 (of which $72,527,473 was paid in cash and $2,472,527 by the issuance of 320,276 shares of the Company’s common stock valued at $7.72 per share, the average share price at the announcement of the Purchase Agreement). In connection with the closing of the Acquisition, the Company changed its name from Global Logistics Acquisition Corporation to Clark Holdings Inc.
At the closing of the Acquisition, an escrow agreement (“Escrow Agreement”) was entered into providing for (i) $7,500,000 as a fund for the payment of indemnification claims that may be made by the Company as a result of any breaches of CGI’s covenants, representations and warranties in the Acquisition Agreement (“Indemnification Escrow”), (ii) $500,000 as a fund to pay the Company the amount, if any, by which the average of the working capital on the last day of the month for the 12 months ended March 31, 2008, is higher (less negative) than negative $1,588,462 (“Working Capital Escrow”), and (iii) $300,000 as a fund to reimburse CGI and the Company for costs incurred in connection with discontinuing certain of CGI’s operations in the United Kingdom (“Discontinued Operations Escrow”). On September 15, 2008, in accordance with the Escrow Agreement, the entire Discontinued Operations Escrow was released to the former stockholders of CGI. Also in accordance with the Escrow Agreement, $2.5 million of the Indemnification Escrow was released to former stockholders of CGI on August 14, 2008. On February 9, 2009, the Company issued a notice of claim against the Indemnification Escrow, stating that the Company, as buyer, was entitled to receive funds from the escrow in the amount of approximately $3,541,000. On March 18, 2009, the Sellers made a demand for arbitration for release of the escrow funds and, on April 15, 2009, the Company made a counterclaim seeking recovery from the funds held in escrow of no less than $3,600,000. On August 11, 2009, the Company issued a second notice of claim against the Indemnification Escrow, stating that the Company was entitled to receive funds from the escrow in the amount of $5,000,000, constituting the full amount remaining in the escrow. On December 31, 2009, the Company settled the claims giving rise to the arbitration. Pursuant to the settlement agreement, approximately $3,764,000 of the escrow funds were released to the Sellers and approximately $1,286,000 of the escrow funds were released to the Company (which together constituted all the funds remaining in escrow). These funds were reported as other income on the consolidated statements of operations.
10
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Holders of 1,802,983 of the Company’s shares of common stock voted against the Acquisition and elected to convert their shares into a pro rata portion of the Trust Account (approximately $8.06 per share or an aggregate amount of $14,536,911). After giving effect to (i) the issuance of 320,276 shares in connection with the Acquisition and (ii) the conversion of shares, there are currently 10,859,385 shares of common stock outstanding. In addition, the founders of the Company have placed 1,173,438 shares of common stock into escrow pending the attainment of a specified market price (restricted shares) and these are excluded in authorized and outstanding shares at Apri 3, 2010. As a result of the condition to which the escrowed shares will be subject, such shares will be considered as contingently issuable shares and, as a result, are not included in the earnings per share calculations. Accordingly, the Company will recognize a charge based on the fair value of the shares over the expected period of time it will take to achieve the target price, if and only if the expected probability of the share price attaining the specified market price exceeds 50 percent.
I-box shows the latest numbers available from Yahoo Finance...Here is a link to the key stats info...
http://finance.yahoo.com/q/ks?s=GLA+Key+Statistics
And here is the link to company filings...
http://www.sec.gov/cgi-bin/browse-edgar?company=clark+holdings&match=&CIK=&filenum=&State=&Country=&SIC=&owner=include&Find=Find+Companies&action=getcompany
Link to today's filing...
http://www.sec.gov/Archives/edgar/data/1338401/000114420410038822/v190964_pre14a.htm
Doesn't appear that it made any highlight reels based on today's price action...LJ
do you have latest SS?
GLA filing...proposal to lower authorized share count to be voted on in meeting scheduled...LJ
See that some shipping getting attention...
http://finance.yahoo.com/news/Two-Sides-of-Recovery-cnbc-196756037.html;_ylt=AiF8nHvXYhggLVNRpn4fxPS7YWsA;_ylu=X3oDMTE1ZWkwNG4zBHBvcwM0BHNlYwN0b3BTdG9yaWVzBHNsawN0d29zaWRlc29mcmU-?x=0&sec=topStories&pos=2&asset=&ccode=
GLA could use a little of that Port of Los Angeles business action...
Brokerage Division Start-up
The brokerage division, which operates under the name Clark Cubed, was launched during the fourth fiscal quarter of 2009. The division is designed to diversify the Company’s revenue base through the development of a transactional revenue stream and by generating additional growth opportunities for the existing domestic and international divisions. The division has operating branches in three locations: Wilmington, Delaware, Dallas, Texas and Los Angeles, California. The division’s management is based in Calgary, Alberta, with outsourced administrative personnel located in the Philippines. The division is using the Company’s existing infrastructure to minimize start-up expenses. Moreover, the business model uses a highly variable cost structure to maximize the Company’s return on investment.
http://www.clarkcubed.com/
Don't know if it helps the Worldwide division or not...
http://www.clarkworldwide.com/
Speculating on a rebound from 1st quarter results maybe getting excessively hampered due to inclement weather could use a boost in the 2nd quarter if the new brokerage division gains some traction quicker than expected...LJ
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Amex: GLA : Quote Info: http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=GLA&selected=GLA
The Clark Group
Clark Distribution website: http://www.clarkdistribution.net/
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