RedEnvelope, Inc. (REDEQ)

[mkinhaw]

Still bankrupt, lo float players on this
I guess
don t see anything anywhere

MK

[MONEYMADE]

************ALL OF THE ASSETS WERE SOLD*******


RedEnvelope, Inc. completed the sale of assets of its San Francisco-based online gift retailer, RedEnvelope.com, to Provide Commerce Inc., following a bankruptcy auction on May 27, 2008. The company was formerly known as 911 Gifts, Inc. RedEnvelope, Inc. was founded in 1997 and is headquartered in San Francisco, California. On April 17, 2008, RedEnvelope Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Northern District of California, San Francisco

and Provide formerly PVRD, is now owned by

LMCA

MK

[HokieHead]

More REDEQ DD....

Ken Constable is employed at Smith & Noble:

http://www.smithandnoble.com/about-us/management-team-and-company-profile/20003

It seems HSN (Home Shopping Network) sold them:

http://www.tampabay.com/news/business/retail/sales-and-profits-rise-at-hsn-but-smith--noble-is-out/1228017

It states:

"HSN has decided to give up the Smith+Noble catalog it acquired seven years ago. The company is putting up for sale the window treatment decorating business that generated $53 million in sales but minimal profit in 2011."

Wonder if Constable will bring Smith+Noble pulic through REDEQ. $53 million in sales and a current $22,000 market cap at REDEQ if so...

[HokieHead]

Hmmm..

SAN FRANCISCO (MarketWatch) -- RedEnvelope Inc. after Tuesday's closing bell said that President and Chief Executive Ken Constable has resigned to pursue other business opportunities.

[HokieHead]

12 cent trade, nice shake try lol.

[HokieHead]

Held all of the 667% gain from Tuesday. Looks like its going much higher IMO.

Market cap only $22,000 here. Wow.

[srm4u]

http://ih.advfn.com/p.php?pid=nmona&article=55177623

http://www.gifts.com/
Gifts.com is a wholly owned subsidiary of Liberty Media Corporation (NASDAQ: LINTA), which includes companies such as QVC, Backcountry.com, BuySeasons Inc., Bodybuilding.com, Evite, and Provide Commerce. You can trust Gifts.com and know that you're dealing with a reputable company that has built market leaders across the internet.
http://www.gifts.com/merchant/public/welcome?redirect=%2Fmerchant

[HokieHead]

Looking for continued move higher here.

[HokieHead]

Interesting things going on here..

One of the last filings calling it Virgil's Tours Inc:

http://www.sec.gov/Archives/edgar/data/1236038/000119312508150012/d1512g.htm

Look at this site that has just been updated as of 11/2/12:

http://www.corporationwiki.com/California/San-Francisco/virgils-tours-inc/43072333.aspx

The former CEO (Constable) and CAO (Nordquist) of Red Envelope still seem to be involved with this shell/stock, which is still only valued at $22,000 at this level.

http://www.linkedin.com/in/kenconstable

http://www.linkedin.com/pub/christopher-nordquist/11/14/6b5

Guys - I think something is cooking here. I'll continue to see what I can dig up..

[srm4u]

Virgil's Tours Inc (OTCOTHER: REDEQ)

http://www.google.com/finance?cid=686411

http://www.reuters.com/finance/stocks/companyOfficers?symbol=REDEQ.PK

http://investing.money.msn.com/investments/company-report?symbol=REDEQ

http://www.bing.com/maps/?v=2&where1=,3rd%20Floor,%20201%20Spear%20Street,SAN%20FRANCISCO,CA%2094105,US

[srm4u]

In 2008, we completed several small acquisitions of companies that we believe are complementary and/or accretive to our existing businesses, including RedEnvelope, which is now part of Provide Commerce, and Celebrate Express, which is now part of BuySeasons, Inc.
http://finance.boston.com/boston/action/getedgarwindow?accesscode=104746909003054

Provide Commerce to acquire RedEnvelope
http://www.dmnews.com/provide-commerce-to-acquire-redenvelope/article/110670/#

http://chiefmarketer.com/news/exciting-results

http://www.sec.gov/cgi-bin/browse-edgar?company=&match=&CIK=REDE&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany

[srm4u]

The RedEnvelope Story
Launched in 1999, our mission remains to make gift giving for every occasion easy and fun.

The name RedEnvelope comes from a firmly held belief in Asian cultures that the color red is an auspicious symbol of happiness. Gifts are often presented in a simple red envelope - a timeless tradition that carries with it well wishes of prosperity, good fortune, appreciation and love.

In June of 2008, RedEnvelope was acquired by Provide Commerce, Inc. and incorporated into their portfolio of high-quality gifting brands. Other Provide Commerce holdings include Proflowers® which sells and delivers fresh cut flowers for everyday and special occasions, as well as Cherry Moon Farms®, and Shari's Berries which deliver fresh fruit and sweets direct from growers and suppliers to customers.
http://www.redenvelope.com/CustomerService-AboutUs.aspx?ref=HomeNoRef

Exquisite Gifts. Well Known Brand.
Amazing Opportunity.
Join the RedEnvelope Affiliate Program today!

As a forward-thinking entrepreneur, you know the value of seizing opportunity. And as an affiliate marketer, you know that finding the right affiliate partner is crucial to building your business and growing your income.

Say hello to RedEnvelope.

RedEnvelope, a leader in the gifts and unique merchandise sector, has an exciting and robust affiliate program for you. With millions of customers who have celebrated the joy of giving, our affiliate program is a great way to tap into our brand recognition and make more money from your affiliate efforts.
What you can expect

8% Baseline commission
Dedicated in-house Affiliate Team
Above average conversion rates
Daily link updates for any new promotions through link
subscriptions
Build your own links enabled
30-day referral period
http://www.redenvelope.com/Affiliates.aspx?ref=HomeNoRef

Provide Commerce is a wholly owned subsidiary of Liberty Media Interactive (NASDAQ: LINTA).
http://www.providecommerce.com/join-our-team

About Liberty Interactive Corporation

Liberty Interactive (Nasdaq: LINTA, LINTB) owns interests in a broad range video and online commerce businesses including QVC, Provide Commerce, Backcountry.com, Celebrate Interactive, Bodybuilding.com, Evite, and Expedia.

About Liberty Media Corporation

Liberty Media owns interests in a broad range of media, communications and entertainment businesses. Those interests are attributed to two tracking stock groups: (1) the Liberty Starz group (Nasdaq: LSTAD, LSTBD (temporary); LSTZA, LSTZB (permanent)), which includes its interest in Starz, LLC, and (2) the Liberty Capital group (Nasdaq: LCPAD, LCPBD (temporary); LCAPA, LCAPB (permanent)), which includes its subsidiaries Atlanta National League Baseball Club, Inc., and TruePosition, Inc., its interest in SiriusXM, Live Nation and Barnes & Noble, and minority equity investments in Time Warner Inc. and Viacom.
http://ir.libertymedia.com/releasedetail.cfm?ReleaseID=607947
http://www.libertymedia.com/

[mkinhaw]

Agree!

MK

[HokieHead]

Shares can survive through chapter 11, I've seen it and have been in them before. If Red Envelope were to emerge from bankruptcy there would be a chance they could be cancelled but the assets were purchased leaving the shell here. No reason someone cannot step in here and bring a company public. Killer share structure imo.

[mkinhaw]

No idea, but
it seems to me the shares should have been cxld
just didn t happen yet
MK

[HokieHead]

Question is who is in control of the shell? Valued at only $22,000.

Someone has been buying up shares the last 2 days.

Bought 100,000 and will stuffed them away.

See where this heads..

[mkinhaw]

RedEnvelope, Inc. completed the sale of assets of its San Francisco-based online gift retailer, RedEnvelope.com, to Provide Commerce Inc., following a bankruptcy auction on May 27, 2008. The company was formerly known as 911 Gifts, Inc. RedEnvelope, Inc. was founded in 1997 and is headquartered in San Francisco, California. On April 17, 2008, RedEnvelope Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Northern District of California, San Francisco

and Provide formerly PVRD, is now owned by

LMCA

MK

[HokieHead]

Interesting filing:

http://www.sec.gov/Archives/edgar/data/921503/000110465908034430/a08-14773_1sc13da.htm

Blyth Inc. owns 14% of the shares here according to this filing.

Blyth Inc.

http://finance.yahoo.com/q?s=BTH

Wow, interesting..

[HokieHead]

Interesting...

Need to do some more DD here.

[HokieHead]

Grabbed 100,000 over lunch at .0022.

Something is cooking here the last few days, will sit on them to see what is going on.

Shares outstanding only 9.53 million, at .0023 it has a market cap of only $22,000!

Anyone know who has the rights to the company/shares? Red Envelope or Creative Catalogs? They can put a blockbuster in here, especially if the company has deep pockets.

How about another Amazon lol! Even if its a shell for another company the value of the shell could be worth $500,000 ($0.05) at a minimum.

[Mitch]

Float? 6.5 mil?