Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The stock however is DOWN and OUT.
They no longer own the brand.
Skinny Water is not out yet!
They have an exclusive distribution agreement with Kalil Bottling Company as of November 03, 2014. They have changed all their packaging for the better and everything is looking up. It may take it awhile to get back where it was, but at least they are still in business.
Kalil Bottling Company is out of Arizona and operates distribution centers in Phoenix, Tucson, Flagstaff, and El Paso. Kalil distributes soft drinks, teas, and waters throughout Arizona, parts of New Mexico, the Durango area of Colorado and the El Paso area of Texas. Major brands handled by the company’s 750 employees include RC, 7UP, Diet Rite, A&W, Sunkist, Snapple, Arizona Tea, Canada Dry, Squirt, Vernor’s, Yoo Hoo, Big Red, Fiji and Monster Energy. Kalil Bottling Co. offers a full line of fountain, vending, and cold drink equipment. Kalil also packs private-label beverages for customers throughout the Southwestern U.S. and has shipped soft drinks to customers in 14 different countries.
I wouldn't be surprised that now that Skinny has removed all the shareholders and creditors from sharing in success, that they will find a way to make a profit.
That's how it's done in pinkieland - screw retail shareholders and creditors for as much money as you can get, then dump the assets to the same insiders who form a private company. Then make sure the private company succeeds.
THIS ASSET PURCHASE AGREEMENT (the “Agreement”) is made and entered into as of the ___ day of November, 2013 by and between Skinny Nutritional LLC a Delaware limited liability company, (“Buyer”), and Skinny Nutritional Corp., a Nevada corporation, (“Seller”).
https://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_MainAccess.jsp?search_text=skny&isAdv=false
SKINNY NUTRITIONAL, LLC
https://delecorp.delaware.gov/tin/controller
The LLC was filed on 06/28/2013 just after filing chapter 11 on 05/02/2013..
Stock is gone, public company out of business. RIP Skinny.
Taken private via bankruptcy with no payment to shareholders.
<cue "Taps">
Aw phishie, still mad that I was right and you're broke?
Too funny.
Kezz, you still don't know squat! LOL
LOL, yeah, I know that no one buys a delisted, bankrupt company. You may not know, but I know.
And of course, I knew the only important fact in this entire discussion.
SKNY was a terrible investment. Don't shoot the messenger, especially when he warned you over and over again.
You may have been right about some things. Certainly the price has gone down these past few years while you've posted bearish sentiments. On the other hand, you were wrong when you suggested that a "skinny emerges from bankruptcy" headline caused the run last April. You were also wrong the time you suggested that the preferred shares would take over the company, when in fact Skinny has no preferred stock. You were wrong when you implied that no institutional investors would show any interest, when in fact four different institutional investors bought SKNYQ stock in Q3 2014. You're also wrong to suggest that you know much about the company's fundamentals since they haven't reported earnings in more than two years. You're also wrong to suggest a company that exiting bankruptcy is saddled with debt. In fact, bankruptcy proceedings are meant to provide debt relief and Skinny's case was likely no different. Couple that with all your contradictions and exceedingly negative speculation, and one might conclude that you could end up wrong about this stock in the end. My old man likes to say, "people are right, right up until the moment they're wrong." The most important call to get right is the last call. Seeing as how we paid off all our secured debt and our shell is clean and we have a reported O/S under a billion shares, we might just be acquired buy another company located in West Conshohocken. Who knows? Not me, and also, not YOU!
Aw Phishie, man up and stop with the 3rd grade insults. You made horrible decisions, despite them being pointed out to you time and time again.
Then you try to suggest that somehow your "gut" is more accurate than reading filings and understanding finance.
Too funny.
I gave you props and admitted that you were right and you are going to keep up with your wise cracks. You like to kick a person when they are down Too funny.
Now you are just trying to be funny. Key word: TRYING. You think you are slick. It funny that you kept the part out that I admitted that I win some and lose some. You know all the homerun hitters usually lead in strike outs. I don't expect you to understand this metaphor because of your previous discussions. You are like a fat kid who always gets picked on but acts like you are the bully. I seen your kind all the time on Oprah! Next time when you want to be funny say it to yourself and if it doesn't sound funny then my gut would say you're not. Put the bon bons down and leave the TV remote alone. All that fat intake is messing with your head.
..
Yeah, you did a great job addressing the issue of how you decided, based on your "gut" that a bankrupt company losing money every quarter was a good investment.
Maybe check with a broker on the next investment, rather than relying on your gut.
You don't read to well. I did say you win some and you lose some. You cant always win! That's just a cheap shot at me. Trying to be funny when I clearly addressed the issue.
Gut feelings, opinions, analysis, intuition, they're all the same thing. An opinion as to what will happen based on facts and knowledge.
I see a company with no assets, negative cash flow, death spirals, huge debt and say "They're not a good investment".
Apparently your gut told you they were. Not sure what "knowledge" backed that up, but feel free to enlighten.
DOLLAR DOLLAR BILL YaLL!
..
NO that would be the knowledge part. Dang dawg! Why you stretching? You understood me. A gut feeling is stronger than an opinion. IT comes from the knowledge that you currently have. Hey, I don't always hit but I do enough to keep me in the game.
LOL, instead of probabilities, you go on gut? You mean gut as to what the probabilities of each outcome (good or bad) are?
Every decision you make, whether investing or not, is based on your assessment of probabilities. An "educated guess" is what you're doing when you wake up and decide you're probably not going to drop dead in the next day, so you should invest for the future.
And it's not a question of "believing me" or not. You look at the facts I point to (usually the company's filings), my analysis of those facts and decide what you agree with and what you don't. Then you factor that information, along with everyone else's, and come to an assessment (odds, probabilities) of this being a good investment or not. That's not a strategy or option, it's the way EVERYONE invests (unless you're using a totally random mechanism, which of course would be crazy).
Basing your investments on odds is a clear indication of a weak investor.
Albert Einstein?
wait! Investing is not based on odds. It's based on gut feelings and knowledge. When you refer to going off of odds when investing just means that you are guessing. Odds is just an educated guess. Example: Just because odds say your team will win the super bowl doesn't mean that they will win! When I invest I go off of my gut feeling and the knowledge that I have in the area of investment. Kezz you seem like you know a goof amount but sometimes the things you say make it hard to believe you. You win some and you lose some, but you live to fight another day.
..
Since I've been calling this correctly for years now, I think I'll stick with my opinion that no one "merges" with a de-listed, bankrupt company.
There will always be "unknowns". You have to go with the odds, that's what investing is all about. We don't "know" that the bankrupt, delisted company isn't holding a winning Powerball ticket either, but I wouldn't buy the stock based on hoping they did.
Unfortunately, the time for self-doubt would have been when anyone put in their buy order for this obvious disaster in the making.
What makes you so sure it'll be years before it's removed from the account and that you won't be able to sell it? I mean, I'm willing to grant, that it's possible you might be correct. We really don't know. For all we know we could end up merging with some wholesaler nutritional website or something. Perhaps someone from the old neighborhood. Our shell should be squeaky clean post BK.
Any fan of Donald Rumsfeld or the Socratic method would agree that there are too many unknown unknowns, and the self doubt can be a virtue.
Kiss it goodbye because you can't sell it. You may have trouble even taking a tax loss now because it can't be sold. It's going to show as valued at the last trade price, but that's meaningless as there's no way to trade it at ANY price.
It will be years before it's removed from the account, if ever.
I do not know what is going on with SKNY. Like you, my shares are now listed on ETRADE now but under an ancillary number rather than the stock symbol. The more intriquing part is that the shares now appear to have the same value as before they delisted. When it was delisted, they disappeared completely and my account was less the monetary amount I had in SKNY stock (which fortunately was not much). Now it's back, on the monetary side at least. I too am curious what is going on since I had kissed that money goodbye. May still be kissing it goodbye but it's not gone from the account yet.
Could that happen? I would like a yes or no answer not an opinion.
My shares still show up in my etrade account. Hope they get replaced with reissued shares soon!
I had 5.1 million shares. My loss is about $5K but that was slowly buying it over the last several years. Hey, you win some and you lose some. Andaly Solar. WEST - ticker. Check it out. I think this is more promising. I already double my pennies. LOL
Well boys...hope you didn't loose to much on this POS. Don't feel bad, I have about 4 million shares that I'll write off this year, yes I actually have the shares, of good looking wallpaper that I couldn't trade (hint, hint). So, as I said before, I know this company probably better than any one else and knew it was going in the crapper....
used2bpoor you're still a knuckle head but yes you where right. Look, even a broken clock is right sometimes. LOL
Yeah reverse merger into a delisted company. ROFLMAO.
Patience grasshopper, this sleeping giant may still yield healthy returns for its investors.
http://www.investopedia.com/articles/stocks/08/reverse-merger.asp
http://www.cov.com/files/Publication/011e84d9-2fc6-47ff-9e18-004e7e65ba81/Presentation/PublicationAttachment/b51363ab-5a85-49fb-b486-040799fbf1d1/769.pdf
SKNYQ$$$
How bout that SKNY being de-listed and trading suspended......Hope you like your wallpaper.
Kezzek....not sure if you get this but looks like we were correct. Skinny is DEAD
The product continues, only the stock is dead.
Win - win 4 U !
I didn't lose much but I'm more disappointed than anything. This is an awesome product!
..
Thanks for the kudos man! Sorry you got caught up in this, hopefully it wasn't too large an investment.
I guess this is a goner. At least I have a good tax write off. Kezz you were correct! I can admit when I am wrong! Good eye!
Did you look at the number of shares?
$10 worth for 1, $2 for the other.
ROFLMAO. They really loaded the boat.
The shares aren't worthless? They can't be sold, so that's pretty much the definition of worthless. And while I know you're still hoping that someone is going to come along and offer millions for the SKNY bankrupt, delisted, non-trading shell, with no employees or business, it's not going to happen.
http://www.nasdaq.com/quotes/institutional-portfolio/janney-montgomery-scott-llc-677688/new?page=11
Janney Scott, an institutional investor from Philadelphia bought skinny stock in the third quarter of 2014 according to this filing.
http://www.nasdaq.com/quotes/institutional-portfolio/massmutual-trust-co-fsbadv-189005/new?page=15
Mass Mutual trust also bought shares during the same time period.
How about that, Kezz? All those "hedgies" you were joking about buying the stock really were!
It looks to me like the shares aren't worthless. The company has gone dark, but current shareholders may still make a handsome profit!
Anyone else out there(at the risk of summoning a response from Used2Bepoor) with any specific news about SKNYQ or general info about 15-12g forms or CUSIP? I'm at the edge of my seat over here wondering how this'll all work out. Could be in for a long wait though. Who knows?
Go SKNYQ$$$
A stock delisted from the OTC is dead. There's no longer a market for it. So the difference exists only in semantics. Cancellation requires action by the company and since it has no employees and no board, that's not going to happen unless a chapter 7 bankruptcy is filed.
You're aware of that right?
IF someone eventually buys the shell, they will certainly recapitalize with new shares. Maybe they'll do a reverse split to keep current shareholders in the game, so each share may be worth $.00000001, but while technically not worthless, practically, it is.
On March 27, 2014, the Company completed the sale of substantially all of its assets (the “Sale”) to Skinny Nutritional LLC (the “Purchaser”), for an aggregate purchase price of $1,500,000 (the “Purchase Price”). The Sale was made pursuant to an Asset Purchase Agreement, dated as of November 15, 2013, as amended by an Amendment to Asset Purchase Agreement, dated as of March 27, 2014, between the Company and the Purchaser (as amended, the “Asset Purchase Agreement”), and Orders of the Bankruptcy Court for the Eastern District of Pennsylvania (the “Bankruptcy Court”), dated January 15, 2017 and March 28, 2014.
In the Sale, the Purchase Price was paid as follows: (i) $132,000 was credited to the Purchaser in repayment of debtor-in-possession financing previously provided to the Company by the Purchaser; (ii) $835,000 was paid in cash to the Company; and (iii) $533,000 was paid by the delivery to the Company of a Promissory Note of the Purchaser (the “Note”). The Note is payable in three equal installments on June 16, 2014, September 30, 2014 and December 15, 2014, and is secured by all of the assets of the Purchaser (including the assets of the Company sold to the Purchaser in the Sale). The Company paid from the $835,000 cash portion of the Purchase Price the amount of $765,000 to Trim Capital, LLC (“Trim”) pursuant to a Settlement Agreement, dated as of November 11, 2013 (the “Trim Settlement Agreement”), by and among the Company and Trim Capital, Prime Capital LLC, Michael Salaman, Dachshund, LLC and Marc Cummins, approved by Order of the Bankruptcy Court, dated November 22, 2013, as modified and amended by Stipulations Modifying Settlement Agreement, dated February 18, 2014, and March 20, 2014. The balance of $70,000 of the cash portion of the Purchase Price was retained by the Company.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9904931
Skinny Nutritional Corp. will Change its Ticker to SKNY.Q from SKNY
May 9 13
Effective May 10, 2013, Skinny Nutritional Corp. will change its Pink Sheets LLC stock ticker symbol to SKNY.Q from SKNY.
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=1454332
No connected?
Skinny Nutritional Corp.(fka SKNYQ)
Canceled or delisted? You are aware that they mean different things, right?
It's gone. Cancelled. Delisted.
http://otce.finra.org/DailyList
Yup, the handwriting was on the wall. No employees, no revenues, no assets.
It's been worthless for a while, but this is the final nail in the coffin.
SKNYQ Finra suspended CUSIP. Deleted symbol:
http://otce.finra.org/DailyList
Exactly. There is no connection between the LLC and the stock. The LLC owns everything, the stock is an empty shell that owns NONE of the LLC, brand or product.
Followers
|
42
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
2065
|
Created
|
02/28/07
|
Type
|
Free
|
Moderators |
Company Website: http://www.skinnyco.com
Latest Press Releases: http://www.skinnywater.com/pressreleases/
8-Page Investor Summary: http://skny.qualitystocks.net/ir/
Facebook Page: http://www.facebook.com/skinnywater
Twitter Account: http://twitter.com/#!/skinnywaterfan
Latest 10-K Filing: http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx...
Company Presentation: http://www.skinnywater.com/images/uploads/press/SKNY-Investor-10-28-11.pdf
The company has constructed a network of approximately 50 domestic distributors (with three more internationally), placing product on shelves approximately 15k stores across the United States. Derived from the natural flavors contained in fruits, Skinny Water represents a fortified, extremely low-impact, great-tasting array of beverages that provide a concentrated punch of the nutrients essential for a healthier lifestyle.
The company's strong emphasis on health, fitness, and community has served marketing initiatives very well. The new age beverage segment has seen increasing momentum in recent years, with just about every beverage company getting into the game, but none of them has the kind of no-nonsense product composition behind Skinny Water, something that appeals directly to the majority of the core consumer market.
Skinny Nutritional continues to build value around the Skinny Water brand, and today has numerous trademarks in the healthy beverage and snack food categories. As consumers migrate away from sugar based beverages and empty calories, Skinny Water is ideally positioned to benefit from positive market trends as management focuses on delivering exceptional value to shareholders.
We use natural flavors found in fruits and vegetables. There is ZERO sugar in Skinny Water®. We use a very small amount of Sucralose and Ace-K as our sweeteners. There are ZERO calories, ZERO carbs, and ZERO sodium.
Michael Salaman has over 20 years experience in the area of new product development and mass marketing. He began his business career as Vice President of Business Development for National Media Corp., an infomercial marketing company in the United States from 1985-1993. From 1995-2001, Mr. Salaman founded American Interactive Media, Inc., a developer of set-top boxes and lifestyle websites. In 2006, Mr. Salaman founded Skinny Nutritional Corp as a marketing and distribution company focused on the beverage sector. Mr. Salaman graduated from Temple University Business School with a B.B.A in 1986 and is a graduate of Germantown Academy.
Don J. McDonald has over 25 years of experience as a senior executive and 19 years of experience in the cable television, broadcast, and video production industries with expertise in financial management, sales, marketing, and corporate governance. Since 2002, Mr. McDonald has served as the President of Summit Corporate Group, Inc., providing executive management and corporate advisory services to a number of companies. Prior to that, he was the President of Directrix, Inc., and a publicly traded company providing media production and distribution services. Mr. McDonald served in an executive capacity for a number of companies including President of National Media Corp., LSI Communications, Inc., and Spice Direct Entertainment
Mr. Gisondi's background includes 10 years with the Philadelphia Bottling Company. His expertise includes the successful solicitation of new accounts in the DSD field, the roll out of new products, and the cultivation of key business relationships. Mr. Gisondi is responsible for the rollout of Regional and National accounts across the United States. His accomplishments at the Philadelphia Coca-Cola Bottling Company include the launch of DASANI Water and Vanilla Coke, becoming the top District Sales Manager in the Philadelphia region, and his proven track record of successful growth of sales volume. Mr. Gisondi is a relational key between Skinny Nutritional Corp's distributors and customers.
Combining a passion for operational excellence with an entrepreneurial drive, Craig's career highlights include co-founding, building and leading both early-stage/start-ups and business units with Fortune 100 companies over a 20 year career. After spending 10+ years in transaction services & technology field, Craig shifted his energies to manufacturing and joined the two co-founders of Skinny Nutritional Corp and Skinny Water was born. As an early-stage company, Craig is responsible for developing and formulating all of the company's product along with managing the manufacturing & logistics processes that are fueling Skinny Water's dynamic growth as a leading beverage brand. Prior to joining Skinny Water, he co-founded Mediaguide, a business intelligence company, as a joint venture with the American Society of Composers, Authors and Publishers (ASCAP). In the role of Chief Technology Officer, he led the design, development, roll-out and ongoing operations of Mediaguide's broadcast monitoring system which enabled ASCAP to better monitor, collect, and disburse payments to its 390,000 members. Before the creation of Mediaguide, Craig joined Swiss-based YES International as the company's CTO to design, develop and patent services that tightly integrated consumer electronics manufactures, broadcast media and Internet retailers. YES International was subsequently acquired by ConneXus Corp creating YES Networks. In 1996, Craig founded and managed Universal Merchant Services as a business unit of AT&T Universal Card Services. Leveraging AT&T's global telecommunications infrastructure and the banking relationships of Universal Cards, he rapidly grew the business unit into a profitable transaction services company which was eventually sold to Citigroup and rebranded as Citi Merchant Services in 1998. Craig earned his BA in Business Administration & Economics from Gordon College and holds a Masters Certification in Project Management from Villanova University.
Michael Zuckerman brings to the table a century's worth of packaging experience from Zuckerman-Honickman, Inc. Mr. Zuckerman has unparalleled expertise in beverage packaging & manufacturing, including Skinny Water's proprietary hot-fill bottle and co-packing method. Mr. Zuckerman provides a direct conduit to proven talent within the beverage industry, having sourced bottles for Vitamin Water, Sobe, and Fuze.
Mr. Azrak is a veteran in the fashion and entertainment industries specializing assisting early-stage companies maximize the value of their brands. Some of Ruby's accomplishments include: Serving as President of New York-based Phat Fashions, LLC where he led the management team that transformed a start-up clothing manufacturing company and transformed it into a licensing company worth more than $350 million dollars; Producer of House of Deréon, the clothing line of music superstar Beyoncé's clothing line and Apple Bottoms, the clothing line of top-selling recording artist, Nelly. Mr. Azrak also acquired the junior sportswear license for Rocawear (the brand of world renowned music artist, executive, and businessman, Jay-Z).
Mr. Kilduff joined Dr Pepper Company in 1982, appointed Senior Vice President Sales in 1988, and named Chief Operating Officer in 1995. In 1997, Mr. Kilduff was named President/Chief Operating Officer Dr Pepper Company and held that position until his retirement in 2002. At the time of his retirement sales of the Dr Pepper Company were approximately $1 Billion with a retail value of approximately $6 Billion. During his tenure as President/COO the Dr Pepper Company achieved record sales and profit while gaining market share. Mr. Kilduff also played a significant role in the acquisition and development of new products for the Dr Pepper/Seven-Up Company brand portfolio, and securing their route to market.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |