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5000 purchased at .009. Very small order but she is trading
Just loaded the web site and they are now accepting Pay Pal.
I have a 500,000 share bid at .002 that is not being shown.
It is my personal opinion that MM's are painting this substantial red on small volume hoping to get a large order at the ask well below .01
This is a dance people. People want in but not at a penny. Problem is it is next to impossible to take a large position at anything under .01.
We should see AUTO at some point in the day bring the ask down to .007 - .009 range. Anything under .005 and those shares will be taken fast.....by me.
From the document, something will happen and soon, sink or swim....
7. TSIC has wound down the administration of its chapter 11 case and is
taking steps necessary to move for a structured dismissal of its case. Payment of the claims of
holders of allowed Gift Card and Affirmation Claims and Class Counsel fees and expenses will
facilitate the conclusion of the wind down efforts. Likewise it will avoid further unnecessary
delay in satisfying allowed claims.
Court Documents Filed Today: 5/21/2012
http://www.kccllc.net/documents/0810322/0810322120521000000000001.pdf
I am not selling a single share until this pans out! Sink or Swim baby, strong DD to back a turn around here.
I grew up as many of us all did with Sharper Image in all the malls. Loved the store. Then Monday I believe SHRPQ hit my equity feed scanner with news about the website. From there I did research for almost 2 days straight, worked on the ibox. The more I find the more I believe this company is about to come out clean. Court documents filed everyday, they are actively trying to meet all obligations as the product and name is thriving. Q's are risky but all the DD in the Ibox makes a hell of a claim for a turn around.
They just paid off all the gift card holders yesterday. ICON purchased the assets for 65,000,000 in October, there is value here.
NOT DEAD
Where'd you find this gem Anthony?
bid over .01, and I swear it is not me ; )
Good morning
Court Documents From yesterday
http://www.kccllc.net/documents/0810322/0810322120516000000000003.pdf
DD on Chapter 11 and Stock Holders
http://www.sec.gov/investor/pubs/bankrupt.htm
Just released
Moody's raises Iconix Brand Group credit rating Associated Press, The "AP Financial News"
NEW YORK -- Moody's Investors Service raised its credit rating on clothing company Iconix Brand Group Thursday, citing the company's reduced leverage and the steady cash flow from its brands.
Moody's increased its rating to `Ba3' from `B1' and said its rating outlook on Iconix is stable. Despite the upgrade, Iconix's credit is still non-investment grade or "junk" status. The new rating is three notches below investment grade.
Iconix brands include Ocean Pacific , Joe Boxer , Sharper Image , and Zoo York. The company's shares slipped 40 cents , or 2.6 percent, to $15.16 in morning trading.
Q's are not my specialty but the DD and developments look interesting. I am learning the more I uncover the better it looks. I am waiting for that "slap in the face"
Of course some free account moron that had not done an ounce of DD bashed me on STT last night for recommending this. I must be the dumbest man on Ihub or on to something huge. Up all night DD'ing. \
Good luck bud
Watching here.....
Need more funds and waiting for a couple GTC orders to hit.....
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.
Shares rose 14 cents to close at $18.50.
Floored for tomorrow! Cant sleep
It wasn't in 2010 but it sure as heck is now ; ) LOL, you still holding any commons?
Unreal until yesterday no posts since years ago. Still ihubbing?
Another Q run coming Armani, time to load again years later.
Utmostbastard you still holding your SHRPQ? Things are heating up again. No posts in years since yesterday.
Hey virago still in this? Big bounce coming IMO
Save 20% Fathers Day savings, good stuff, finger on the pulse here. Giving the people what they want.
Great promotions and new products running on the website.
Pretty clear that insiders want the stock to move IMO, news, and advertising campaign coming in full force. Good to see this once household name still chugging along.
All new press hints that several updates are coming. Can't wait to see all the Megan Fox pics ; )
Looking forward to some monster gains in the coming weeks.
Institutional Holders since $10.
Its all in the ibox boys, put a ton of DD and research into this today, I hope someone looks at it. Big things coming.
"We were seeing a significant increase in international interest to our website and call center, and needed a user friendly, and cost effective way to ship the product to our customers. Bongo's Extend 2.0 was the perfect solution."
From the release on tuesday...
SHRPQ IHUB TICKER BUZZ CLOUD 1 HR
Just AUTO at .007 with 100k, then .013, this is going to get real fun here soon. Good to be in on the ground floor.
3 Market makers on the bid going into the close
ETMM
AUTO
PERT
No volume was served near the lows, So much room to make up...
SHRPQ purchased by Iconix Brand Group on October 26th 2011 for 65,600,000 bucks.
I cant believe no one is on this other than me, I am either one of the stupidest traders on ihub or on to something big.
.10 on speculation alone, this has so much to make up for, Institutions owns this at $10.
I may have to step in here and bagged and tagged these .007's get them while they are here. I think this could go to a dime easily.
Ibox updated every second, So much solid DD to post here. I am working hard guys. If any one is listening now is the time. I love that this is absolute ground floor opportunity.
Wall Street caught sleeping....
SHRPQ going parabolic
Nice 100,000 share smack there. Welcome aboard.
Starting to heat up again my friend
www.iconixbrand.com/sharperimage_history.html
From the recent news release
We were seeing a significant increase in international interest to our website and call center, and needed a user friendly, and cost effective way to ship the product to our customers. Bongo's Extend 2.0 was the perfect solution.
Sharper Image
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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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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