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Anybody want to buy some stock
cheap?
I wish we had paper stock certs like the old days. Then I could wallpaper the bathroom and have emergency toilet paper.
SHRPQ: CUSIP suspended:
http://www.otcbb.com/asp/dailylist_detail.asp?d=01/22/2013&mkt_ctg=NON-OTCBB
Gee, it's quiet as the grave here. Anybody want to buy some stock?
Does not look like we are going anywhere. Happy Thanksgiving,we have our turkey here.
This is beyond the point of frustration. I would do anything to meet the person responsible for painting this every day.
2000 shares get real...Cover your damn short position already. This is a joke.
You will be sorry when the big jump comes, soon, very soon.
Alright MM's you won. I refuse to paint the tape here anymore and get beat for $10. You want it at .002 you got it. This is a joke.
Ahhhhhhhhhh what is the god damn agenda here? Every day someone feeds the bid 100 to 2000 shares.
This is driving me nuts.
Oh yea, looks like I was wrong and we are going up. Will it continue or should we bail out now. I am going to hold on maybe I finally picked a winner.
Why? Why the F*** sell at .002 when the stock is trading over a penny WTF, I am so sick of this crap.
These bid sitters need to realize nobody is going to dump a substantial position below sub penny. Up until yesterday they were using a 100k share ask to try to turn off investors and promote selling at the bid to play the spread. Then yesterday all the resistance just peeled off the ask and MM's went up several cents with no volume. Something is cooking here I have been following this stock since January.
This has not traded over a penny since last year.
BULLISH ON SHRPQ.
Gee, maybe I was wrong about the stock being worthless, it's fine with me. Glad I didn't sell yet.
I have never seen such a blatant case of manipulation and attempted loading at the bid. Stop being cheap MM's and slap the ask. This is so damn thin it will rocket with any buying pressure.
500 sold at the bid pretty damn clear what the agenda is here. I have to laugh.
Nice chunk up on the ask, wish I had the funds I would slap the hell out of it. Coming out of BK within the next few months. Prime candidate for a RM, clean shell here fellas.
Sadly, I know a lot about retail but squat about stock. Your question led me to do some research. It seems that when a company has filed Chapter 11 and is coming out of it, stock may be traded under 2 names. The old stock from before the BK gets a Q at the end as in SHRPQ. The new post BK stock has no Q. Sharper Image was acquired by ICON, a nice stock trading at over $19. The old stock, like ours is generally worthless unless all other debtors have been paid off. Should that happen our stock may have some value, not likely though. As I said I really don't know anything about stocks, I just play with sub penny's for fun. I do hope that I am totally wrong in my understanding of what I read. PLEASE, PLEASE, someone tell me I'm wrong.
What has been the trading range?
That's the golden question my friend. I have watched this for some time and last week out of nowhere someone took a large position.
Will these stock purchases survive the bankruptcy court?
Or will they vanish ?
lol 100 shares hit the bid, a tad of manipulation here. Pennies coming IMO
Hold on
Bought 20,000 shares today. I think this is going to be a great buy. I spent 20 years in retail and believe they have a household name we all recognize. This will give the new start a huge advantage.
Wow Someone buying this up this morning, very surprised. Big volume for this stock. Whats up?
Hello Hello Hello is there anybody out there?
PERT @ .008 sell orders coming off, maybe some good news pending, who knows at this point.
ETMM thinning out up to .0079!
just have to tag the ask, they are there and have been getting bought up. Every time someone try's to shake weak hands some one buys, someone is controlling this and wants it higher, pretty clear. It is being loaded for a large last stance run.
it is impossible to buy this stock.. i've hit the ask multiple times and came up with nothing.. nothing
This spread is starting to piss me off, I have to admit it, not sure if i have never seen such a lack of interest in a security...
PERT not undercutting the ask trying to unload any either, holding for larger gains. If I picked up 35k shares at .003 and the ask was .0075, I would put half the position up for sale at .006.
Just my thoughts, I love talking to myself.
PERT seems to be willing to buy whatever people are willing to dump at .003
They are showing a false bid, they have absorbed almost 70,000 shares over the past several weeks. I am curious if they are loading for a run?????????????
Someone has been buying these .0075's may consider adding to my position but I need to see some more bidding. Is anyone out there?
Ridiculous small orders hit the bid everyday. PERT not moving, IMO they are trying to establish a large position, not showing there size either.
Hopefully more to come, it takes nothing to move this stock. Any speculators out there?
Starting to get some great bid support here now.....Here's the catch YOU WILL NEVER GET FILLED THERE..
SLAP THAT ASK AND LETS GET THIS PARTY STARTED. THERE ARE NO SELLERS, JUST DESPERATE MM's TRYING TO SHAKE SHARES.
Hilarious someone dumped 300 shares, obviously a MM trying to get a large position. They just don't get it. the only way to take a position here is to slap the ask. There is no volume being served down there.
Unless they really wanted .96 cents worth of stock
I'm hoping to clear one stock by tomorrow or wednesday then take from there and buy here.. i see that there aren't that many shares. Even if they had 1M to give to shareholders it would still raise the pps to 0.066. I hope this stays where it is before I jump on. 500k shares? congrats
From conversations I have with Kevin and there legal counsel after the card holders are paid, the commons will get compensated in some way. There are not many shares outstanding, no bond holders or preferred stock. There wording is frustrating because they really cant not say much. But shares will not be canceled.
I think anything under a penny is a steal and could be a life changer.
I may clear out these .0095's, nothing else I am watching is moving, I almost have 500k here now.
Good luck bud
so it looks like 80 gift cards and whatnot for about $10,000 + $3,000 fee= $13,000.. which isn't a lot, but how much is left over for the common shareholder?
what's the news on the 6/7 court date? I'm thinking about jumping into this tomorrow
No preferred shares, or bond holders, If there is anything left over it will go to common share holders.
At least RM the shell....
Court documents released yesterday outlining the agenda for tomorrows big court appearance.
http://www.kccllc.net/documents/0810322/0810322120605000000000002.pdf
$2.91 order at the bid, had to be a mm, retail can not sell orders if the commissions are more than the proceeds.
LOL, to the moron that is doing this just slap the damn ask, that is the only way to get shares here. No one is going to fill your order at .003 it is a joke.
Not much time left to acquire cheap shares IMO. Where are the gamblers out there?
; )
I wish someone would jump on here and help me out a little with interpreting all this information.
2 New court documents released today. Final hearing June 7th at 9:30 AM.
http://www.kccllc.net/documents/0810322/0810322120530000000000004.pdf
http://www.kccllc.net/documents/0810322/0810322120530000000000003.pdf
AUTO giving away 100,000 shares at .006
No new court documents since the last update.
Etrade bidding 12500 at .008
Wow a normal spread
.008 X .009
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TICKER: SHRPQ
Fully owned by Iconix Brand Group as of October 26, 2011 see details below
NASDAQ TICKER: ICON
http://www.iconixbrand.com/invest_SEC.html
ALL CURRENT COURT DOCUMENTS UPDATED DAILY
http://www.kccllc.net/sharperimage
May 21st, 2012 Court Documents
2011 Update for Gift Card Holders! More positive strides towards coming out clean
IMPORTANT NOTE RE: CLASS ACTION: On June 8, 2011, the Bankruptcy Court entered the Order Pursuant to Section 105(a) of the Bankruptcy Code Establishing Procedures for Settling Claims of the Gift Card Holders [Docket No. 2243], approving a process by which holders of Gift Cards with outstanding balances may, upon submission of an allowable Claim Form, receive a distribution from TSIC's bankruptcy estate. Distributions will only be made following approval by the Bankruptcy Court after all allowed claims senior in priority to the Gift Cards claims, including attorneys fees for Class Counsel and any incentive award approved by the Court, have been satisfied.
More info on the Case and Bankruptcy
http://www.sec.gov/investor/pubs/bankrupt.htm
http://money.cnn.com/2012/01/11/markets/brands_bankruptcy/?cnn=yes&hpt=hp_t2
http://www.law360.com/classaction/articles/336295/sharper-image-fights-attys-bid-to-up-fees-in-gift-card-
SHARPER IMAGE'S ASSETS WHERE PURCHASED BY ICONIX BRAND GROUP NASDAQ TICKER: ICON
FOR $65,600,000 ON OCTOBER 26th 2011, SEE FILING BELOW
$65,600,000 Cash
Iconix Brand Group, Inc. and Subsidiaries
Consolidated Statements of Cash Flows (in thousands)
from page 100 of ICON 2011 10K
Year Ended | Year Ended | Year Ended | ||||||||||
December 31, | December 31, | December 31, | ||||||||||
2011 | 2010 | 2009 | ||||||||||
Cash flows from operating activities: | ||||||||||||
Net income | $ | 141,241 | $ | 110,480 | $ | 76,031 | ||||||
Adjustments to reconcile income from continuing operations to net cash provided by operating activities: | ||||||||||||
Depreciation of property and equipment | 2,450 | 1,800 | 690 | |||||||||
Amortization of trademarks and other intangibles | 6,988 | 8,307 | 7,325 | |||||||||
Amortization of deferred financing costs | 4,309 | 2,276 | 2,313 | |||||||||
Amortization of convertible note discount | 23,057 | 15,021 | 14,101 | |||||||||
Stock-based compensation expense | 11,742 | 11,444 | 8,925 | |||||||||
Loss on marketable securities | - | 13,000 | - | |||||||||
Non-cash gain on sale of trademarks and joint venture interests | - | - | (6,601 | ) | ||||||||
Non-cash gain on re-measurement of equity investment | (21,465 | ) | - | - | ||||||||
Realization of cash flow hedge | 87 | 201 | ||||||||||
Allowance for doubtful accounts | 1,948 | 2,253 | 4,312 | |||||||||
Earnings on equity investments in joint ventures | (10,353 | ) | (5,492 | ) | (3,424 | ) | ||||||
Deferred income tax provision | 27,737 | 13,448 | 17,137 | |||||||||
Changes in operating assets and liabilities, net of business acquisitions: | ||||||||||||
Accounts receivable | (17,252 | ) | 3,638 | (19,925 | ) | |||||||
Other assets - current | 16,868 | (16,002 | ) | 4,094 | ||||||||
Other assets | 12,298 | (14,872 | ) | (3,196 | ) | |||||||
Deferred revenue | (10,168 | ) | (13,515 | ) | 11,791 | |||||||
Accounts payable and accrued expenses | (11,791 | ) | 33,850 | 9,084 | ||||||||
Net cash provided by operating activities | 177,609 | 165,723 | 122,858 | |||||||||
Cash flows used in investing activities: | ||||||||||||
Purchases of property and equipment | (3,242 | ) | (3,190 | ) | (3,873 | ) | ||||||
Acquisition of interest in Peanuts Worldwide | - | (172,054 | ) | - | ||||||||
Acquisition of interest in MG Icon | - | (4,000 | ) | - | ||||||||
Acquisition of Sharper Image | (65,600 | ) | - | - | ||||||||
Acquisition of interest in Hardy Way | (62,000 | ) | - | (9,000 | ) | |||||||
Investment in IP Holdings Unltd | - | - | (63,500 | ) | ||||||||
Payment of accrued expenses related to acquisitions | - | (1,177 | ) | (223 | ) | |||||||
Acquisition of Zoo York - net | (18,000 | ) | ||||||||||
Net distributions (to) from equity partners | (8,116 | ) | 2,154 | 2,469 | ||||||||
Earn-out payment on acquisition | - | (799 | ) | (12,900 | ) | |||||||
Addition to trademarks | (568 | ) | (88 | ) | (145 | ) | ||||||
Net cash used in investing activities | (157,526 | ) | (179,154 | ) | (87,172 | ) | ||||||
Cash flows (used in) provided by financing activities: | ||||||||||||
Proceeds from exercise of stock options and warrants | 3,312 | 2,083 | 3,230 | |||||||||
Payment of long-term debt | (211,784 | ) | (81,418 | ) | (60,937 | ) | ||||||
Proceeds from long-term debt | 292,500 | - | - | |||||||||
Proceeds from sale of warrants | 28,800 | - | - | |||||||||
Payment for purchase of convertible note hedge | (58,740 | ) | - | - | ||||||||
Acquisition of interest in MG Icon | (4,000 | ) | - | - | ||||||||
Proceeds from common stock issuance, net | - | - | 152,798 | |||||||||
Deferred financing costs | (3,381 | ) | - | - | ||||||||
Excess tax benefit from share-based payment arrangements | 4,940 | 1,301 | 3,600 | |||||||||
Shares repurchased on vesting of restricted stock and exercise of stock options | (3,185 | ) | (2,970 | ) | (724 | ) | ||||||
Non-controlling interest contribution | 1,800 | 14,826 | 2,066 | |||||||||
Shares repurchased on open market | (19,138 | ) | - | (1,455 | ) |
TICKER: SHRPQ
Iconix said it expects The Sharper Image brand to generate about $12 million to $13 million in annual royalty revenue.
Iconix bought The Sharper Image brand from a group of investors including private equity firm Hilco Consumer Capital and liquidation firm Gordon Brothers. The Sharper Image retail chain filed for bankruptcy in February 2008, liquidating its remaining stores that June when it sold its brand and intellectual property assets to the investor group for $49 million.
Iconix separately said it will buy back up to $200 million of its common stock over the next four years, replacing a plan that was set to expire Oct. 30. The New York company has about 73.5 million shares outstanding.
Iconix Brand Group, Inc. owns, licenses and markets a growing portfolio of consumer brands including CANDIE'S(R), BONGO(R), BADGLEY MISCHKA(R), JOE BOXER(R), RAMPAGE(R), MUDD(R), LONDON FOG(R), MOSSIMO(R), OCEAN PACIFIC(R), DANSKIN(R), ROCA WEAR(R), CANNON(R), ROYAL VELVET(R), FIELDCREST(R), CHARISMA(R), STARTER(R) and WAVERLY(R). In addition, Iconix owns an interest in the ARTFUL DODGER(R), ED HARDY(R), ECKO(R), MARC ECKO(R), ZOO YORK(R), MATERIAL GIRL(TM) and PEANUTS(R) brands. The Company licenses its brands to a network of leading retailers and manufacturers that touch every major segment of retail distribution from the luxury market to the mass market in both the U.S. and worldwide. Through its in-house business development, merchandising, advertising and public relations departments Iconix manages its brands to drive greater consumer awareness and equity.
Other ICON owned Brands
What do imagination, creativity, innovation, passion, quality and excitement have in common? They are essential components of the world's most valued consumer products. The Sharper Image® has built its reputation on this realization, offering its customers only the best products that meet this unique set of standards.
Founded in 1977, The Sharper Image grew to over 200 retail locations and reached even more customers through its award winning monthly catalog and website, becoming a truly iconic American brand. Throughout its history The Sharper Image products are meant to be fun, unique and memorable and are something you never knew existed until you saw it - then you had to have it.
Today, working with our best in trade product licensees, Sharper Image products are built and designed around three core principles: quality, innovation and design. The Sharper Image was founded on these principles and remains committed to them. You can find many Sharper Image products at retailers such as; Bloomingdales, Lord & Taylor, Macy's, Bed, Bath & Beyond, Kohl's and many more as well as sharperimage.com.
Contact Us
Sharper Image / Iconix Brand Group
1450 Broadway, 3rd Floor
New York, NY 10018
T. 212.730.0030
F. 212.391.2057
eMail: info@sharperimage.com
Licensing Opportunities
Throughout our rich 35-year history, the Sharper Image has always exemplified innovative, fun and quality products offered with an attention to superior customer service.
Today, wholly owned by Iconix Brand Group, Sharper Image® is a global lifestyle brand licensor. We offer licenses to "best-in-class" manufacturers with the keen and proven abilities to develop new, unique, feature-rich, beautifully designed and exclusive products under the Sharper Image brand name.
Sharper Image® products are available at major retailers, department stores and specialty stores worldwide as well as through sharperimage.com and the Sharper Image catalog.
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