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I guess you didn't realize, but there are people who read this board who have not invested in the stock. I don't know how good you are at persuading others or not, however I believe everyone has an obligation to post honestly, not simply to put forth the view that nets them the greatest (potential) financial return.
If Skins announces they have sold many shoes and are now profitable, I will be the first to say "I am amazed and I had this stock all wrong".
Do you remember one of your first posts that questioned my concerns about the debentures?
Posted by: FaithfulAndTrue Date: Friday, May 08, 2009 3:42:23 PM
In reply to: kezzek who wrote msg# 2564 Post # of 2897
If you had "plunked" your money down when you started posting about this stock, you would have doubled your money by now. Principles are one thing, but stock price is another. Even Google got way out of proportion based on "expectation." Right now Skins is rising because of "expectation." This will continue for some time, and then yes, the sales data will be released and we'll see where we go from there. Why not make some money right now though, on the "expectation"? You have already missed out, but, luckily, it is not stopping here.
That wasn't directed at someone who had invested in the stock. Obviously, I didn't follow your advice, but some might have. The price at that time was 8 cents/share.
So certainly continue to do as you please, but don't fault me for pointing out not so much how wrong you've been (everyone is entitled to mistakes), but the potential damage you've caused and the apparent lack of remorse you demonstrate.
I can only hope that you have learned from this experience, and will act in a more honest and forthright manner in the future, regardless of the personal financial consequences of such honesty. It really is "the best policy".
I come to this board to talk to others who have invested in this stock, not to persuade anybody. I suck at persuading, arguing, you name it, so I'm flattered you think I am so good. I enjoy discussing Skins with nala, itlogic, and stervc and I will continue to do so. I would love to read more of your opinions regarding this stock and find out what you have researched and learned.
I'm glad you care about others. I do to.
So it's OK to encourage others to buy the stock because you have your own money in it?
I don't think you should bash or pump, just be honest. And sorry, owning a stock does not give you a license to encourage others to invest just so you have some hope of not losing it all.
"Finding every angle" is not how an honest person behaves, and I think you mean your mouth is where your money is, which I'm sorry to say, is not good for either.
I hope your conscience believes the "everyone is responsible for their own actions, even if I encouraged them to make some bad decisions". Mine does not, so I'm stuck with posting honestly, whether it helps or hurts me financially. I find karma a more powerful motivation than financial gain.
So you don't have a "job" following this stock, but I'm on a crusade?
I have called this company before, several times. Sometimes I have talked to someone, sometimes I have not.
I haven't "caused" anyone else loss. Everyone is a big boy or big girl that does what they want. I have money in this stock, so why would I bash it? I am going to find every angle I can to still see the light. My money is where my mouth is.
Also, where was the pumping? I just said the company is literally a pile of sh*t until it talks.
Let's keep this message board at discussing, not assaulting.
Why don't you call the company? The website is down, there is no news for a long time and the last cash raise was almost 2 months ago.
And you're still pumping the stock?
What money, what credit? At least have the decency to TRY to get some official word. It may not make up for all the losses you've caused others with your crusade, but at least it will provide some minimal help to those who are now stuck.
Just to cover the base, I contacted Sportie LA and asked if there were any issues with the recent collection of Skins (as far as technology and fit go), since that had been the main problem in the past. Sportie LA got back to me and said, "No, we haven't had any problems at all with the Skins."
This, at the very least, is somewhat refreshing. This means that there is nothing holding the company back as far as product development. They have a viable product. The research, the trials and tribulations, and the long, harsh pain of it all did pay off.
With that being said, the green light should be flashing--and I mean a big, ol' honkin' green light. That has not been the case yet. Why are they still in hiding? That is the biggest question. If you have a product ready sell, why isn't the infantry on full attack, guns blazing, canons blasting? They have money, they have credit, and they have a product. What is the hold up?--especially when your stock is getting obliterated.
I want to know the answer to that question.
This company's history sucks--it's horrible; it's worse than horrible. But, the company still has the ducks lined up to move forward. So regardless of whatever smack can be said about this company (though well deserved), they have the potential of exploding into the market. That is what my money is still riding on.
Woo Hooo Skins at the local Marshall's, TJ Max, Dollar Tree or Everythings $.99 store nearest you.
If I sell now, I might have just enough left to buy a pair when they show up at one of those stores above.
Ok really, it would be nice to hear some word from the horses mouth. Even if it was "last call for alcohol".
Leaving aside the question of who would buy something like these shoes when the company was headed out of business and what they would pay for it, I would guess they'd try to find someone who specializes in closeouts to buy the entire inventory for whatever they could get. In March they had $200k in inventory and pretty much zero cash, so I doubt they're sitting on a lot. My guess is they would get less than cost. Meanwhile, they owed around $2 million to their vendors.
With the large A/P and JED owning many shares (I think) and other large shareholders, my guess is they'll try to keep at least a shell of a company going until they can get new investors. While I think this may be it for current shareholders, I'm not sure if it's "it" for the company.
I don't mean to say or imply it is. I don't want to assume anything without hearing some sort of news from the company. Granted, it's not looking too great, but I'm not going to judge or make predictions without all the facts.
I was just curious what happens in that sort of situation.
Logic, I dont believe this is it, yet. Like Faiths been saying, there are too many unanswered questions, any one of which will raise the share price. I think will we see some sort of effort for the fall. This is too wimpy of a way to go out, imho.
So, if this is it, what happens to whatever inventory they have? Do they sell it on Ebay or donate it to some charity?
Starting at the end, no, I own no stock, but of course that's not a prerequisite for having an opinion on the stock. I don't have a "job" here. Unlike some others, I simply provide some information and insight for the joy of contributing something positive to the discussion and in the hopes that one day, one of these BB stocks will succeed and I'll know enough about them to get in on the ground floor. The odds of that being SKNN I admit is near zero IMHO.
It doesn't make sense to me that anyone would have invested in a company with such a weak track record and poor financial results either, nor encourage others to do likewise. It makes more sense to me that someone would do whatever they could to keep the company they head, that pays their salary and in which they own many shares, afloat, at whatever cost to shareholders, suppliers or lenders. Again, I guess we'll just have to disagree about what does or doesn't make sense.
Yes, But if you are in business to sell shoes, that is what your main goal is. Yes, you have to keep the business afloat, to reach that goal. I guess he ,MK, could be going through all this for his 100k a year salary, but that doesnt make sense to me, at all. Until we get news, this is not a good investment. This is, and has been for a while, a huge gamble. But, after the last year in the stock market, everything seems to be a gamble. Good luck, I still dont understand what your job here, is? Do you own any stock in this company?
I guess where we differ is IMO, if they have no apparent source of funding, the website is inexplicably down, there's been no news in a while and you can't reach anyone at the company, it's probably already over.
If all the above were true and they somehow shipped some shoes, it wouldn't affect my opinion.
If you don't "bother", you're out of a job and your stock is worthless, so IMHO, if there's any sliver of a sliver of hope, you'll keep the business going. That doesn't mean it's going to be a good investment.
In my opinion, If they have no shoes being delivered for the fall, It is over. If they are shipping shoes, then he must have some plan, to stay afloat, or why even bother?
It's been almost two months since the last equity sale, the website is down for a while, there's no word from the company and you consider "the clock ticking" about shipping a fall line?
Have you tried calling the company? If you can't get anyone, I suspect that's not a clock you hear ticking.
OK, The clock is really ticking, now. If they are going to ship for the fall, it should be very soon.
It was taken down weeks ago. Most likely Klein couldn't pay for services rendered. I'm guessing one of the last corporate actions we see from SKNN is a late 10-k before they close up shop.
Can someone please tell me the current volume? Thanks
Unfortunately, no money means no marketing. I imagine it's hard enough to produce some shoes and pay salaries. It's kind of a catch 22. Without investments or loans, they can't sell much and without being able to sell, they can't attract investments or loans. It's too bad it took 3? tries to get the product out, but IMHO the die was cast when the plan morphed from 2 skins and 1 bone for $60 to 1 skin and 2 bones (one of which is probably useless) for $150.
It doesn't help that people have far less money to spend on quirky new things these days.
And besides--I'm not sure if you have looked on Amazon recently--but Skins has not sold a single shoe from that outlet. If there is no sales rank on a product, that means it has not sold even once. If something has a sales rank of in the millions, it means a product has sold at least once. No sales ranks for Skins = No Skins sold on Amazon. Not hard to believe with the incredible effort needed to find the things.
I agree with you, kezzek. It was even stated in the article that I read that Amazon wanted to keep Zappos the way it was--one of the reasons Zappos agreed to the deal.
The main problem right now is marketing. There is none.
Somehow I don't see Skin's biggest problem is that it's not on Zappos. Nor do I think the acquisition of Zappos is going to have any impact on Skins. Lastly, my guess is that if Amazon decides to make major changes with Zappos after the acquisition, it will be well into 2010 and beyond when you see the results.
Maybe that's just me.
The fall is when Zappos is getting the skins, since they didnt carry any skins in the spring. The timing would be great. Skins has nothing to lose, We can only go up,lol.
Yes Skins mentioned a while back that their shoes would be sold through Zappos. The product page was created, but no shoes were ever sold. I THINK they did list some Skins shoes for a while, but then they disappeared.
I'm not sure what will happen with this acquisition. I don't know if Zappos inventory will be integrated into Amazon, or Amazon's inventory will be integrated into Zappos. Either way, it can't hurt Skins. Not sure if it will be an overwhelming help, but it can't hurt.
Last I read, the acquisition was supposed to be finalized in the fall. They see nothing to stop it, but because Amazon is a public company, it has to go through approvals before the deal is finalized and the products of each are combined.
zappos has a skins page. If they were not planning on adding skins, again, Why have the page? You can sign up for future emails, when the new skins arrive. Type in skins footwear in the brands section. I admit, they do not make it easy to find, and forget about any promotional help, so far, but maybe that will all change now. I think this is good news.
Hey! I have some good news! Maybe you guys knew this, but in case you didn't, yesterday Amazon bought Zappos. Since Skins is sold on Amazon, I'm assuming they should also be on Zappos, or at least will be. I'm sure Zappos gets a tone more exposure to the shoe market than Amazon did. When I think shoes, Amazon is not at the top of the list of places to go. However, Zappos is. I'm assuming since Amazon has bought Amazon, the shoes Amazon sells will now show up on Zappo. This could help with exposure of the Skins brand.
I haven't checked the sites yet, but I'm sure it won't be instant to put Amazon's inventory into the Zappo database.
Hey Faith you're right. That is just as likely as any other scenario. There is plenty to be doom and gloom about, but there is one glimmer that can't be dismissed. They have a real tangable and marketable product. Thier methods of marketing and producing that product are questionable, but the end result is undeniable.
I would love to be a fly on the wall over at the Skins shop. This pattern has been pretty consistent over the years. They has a spurt of activity and then a time of silence, then a spurt of activity followed by a time of silence. Problem is, it seems the silent periods are getting longer, but that might just be my frustration and imagination. However, there is no doubt, whatever the length of silence, it is having a more downward affect each time.
My hope is that when they come to their spurt of news, the upward movement will out shine this downward move in the silence.
This is so much like a car whoes engin just won't turn over and run. At least not long enough to get anywhere.
Where did all of the money go if not to another launch?
Either I'm on the worst journey of gloom and torture to my death or perhaps a star is still waiting to be shined.
Right now I'm choking, but I can still be saved.
This silence is maddening--it was in the past and always will be each succeeding time. I don't really understand why we have these periods. Normally, based on the past, it's because the elves are in the workshop working, not because of impending death. Thus, that is more than speculation.
Silence + Money + Pieces (travel lady, PR guy, online outlets, retail outlets) + Marketable, Functional Product = Something on the Horizon
That's my equation for this mish-mosh.
Yes I am just speculating. I'm as cluless as anyone else. The other reasoning you laid out is also just as justifyable. It could just be a one day fluff that will amount to a whole lot of nothing.
I'm just letting my mind run rampid because it's floating in a pool of SKNN boredom.
I'm not suggesting that the pump is on, or even that someone is trying to build momentum. All I'm saying is that's one possibility. It is possible that "someone knows something", but in most cases, those in a position to know something are insiders who cannot trade on the information anyway. It could just be someone thinks the stock just can't go any lower.
It's just important to realize that the $16,000 or so in buys raised the market cap of the stock by $250,000, and that doesn't include all the outstanding debentures. So if you owned 10% of the stock already, you're ahead on paper. It could even be a simple "dead cat bounce".
Bottom line, I have no idea what drove the stock price and volume up today, but it's important to realize that no one else does either. If you want to speculate for the fun of guessing, I'd say go ahead, but I would caution that if you're going to invest based on the speculation that good news is coming, I think you're taking an unjustified risk (and I mean "you" in the general sense, not you personally).
Right I see it happen everyday in the pinksheets. But, in pinksheets we are talking sub-penny stocks where less money can represent more volume.
16k seem like alot of money to throw at it in hopes of a chain reaction. At this point, I can't say you are wrong, just seems like alot of money to pull that trick with. Unless, whoever is driving it has mucho confidence that it will drive the price higher, at least temporarily, over the next few sessions so they can get out in the bigger volume.
Also, speaking from pink sheets, typically several days before the volume starts, the familiar pumpers and promoters hit the boards like a locust swarm talking out of their backsides. They say all kinds of retarted thing to get people hyped up and ready for the volume.
Obviously, we have had no such chatter here. At least not yet. We should keep an eye on the board chatter and see if we get some influx of new names posting. If so, then I will agree the pump is on.
However, at this point, I agree with the other poster. I think something might have happend internally and people who know before we do are getting in. We shall see.
Yes, the purpose of building momentum is exactly that - to encourage others to come in on the rise and bid the price higher.
This is true, but 16k is alot to spend to create momentum. Besides, I assume if that were the case, much of that was bought at .019 - .02. If that were the case, then they have to get the price up from there to flip it for a profit.
Or perhaps someone thought it was worth spending $16k to create some momentum. You just never know with these OTC microcaps.
Huge volume today, looks like news is coming thusday.
You're very welcome!
Hey Bee thanks! I knew I was turning to the right place with a question like that.
Good to hear. Many investors don't realize how different the OTC is from the major exchanges. They think it's a "mini NASDAQ". To me, it's like the difference between Little League and Major League ball. Same basic idea, but a lot more rules that are strictly enforced and a lot higher caliber of play.
I think you'll find it is fun in the beginning, but for the big stocks where it might be meaningful, it changes so fast that unless trading is your full time job, it won't be actionable.
Thanks again! Don't worry, I doubt I'll get that into it. I want to know the basic just to know, not necessarilty to use to make decisions. It looks like it would be interesting just to observe the dynamics of a stock and how orders are placed and filled. I know I'm asking about it on this board, but I didn't mean I wanted to know specifically for SKNN or any other OTCBB. I want to know for any stock I may have now or in the future.
No prob. My advice is not to get too caught up in it, especially with a thinly traded OTC stock. The OTC is just a listing service so companies can put pretty much whatever they want on display (read this and related links if you haven't already - http://www.otcbb.com/investorinformation/investorinfo.stm).
Even on an exchange traded stock, Level II is really only useful if you're a big trader and want to see how "deep" the buys and sells are.
It's not uncommon on the OTC to see a Level II bid of X, then the next bid of 1/2X and think "wow, once those 5k shares get sold, no one is buying until it's 1/2X". The reality is that the market maker showing X could have 100k shares to buy, but 5K is the minimum number, so that's all he shows. In addition, he could have another million share buy at 99% of X, but that would get posted until X is filled. Of course it works the same way on the sell side.
It's fun to watch, but be careful making any decisions based on it.
Thanks Kezzek. I just downloaded an app for my Blickberry. It is tied to my TDA account so I can trade with my phone and see my portfoloio. Since I have a TDA account I get real time quotes and level II data. I figured if I have that kind of access to it, I might as well learn what it means. lol
Here's a starting point - http://www.advfn.com/Help/what-is-level-2-data-6.html
Ultimately the details are going to depend on who is providing you the Level II data.
I know this is of topic, but do you or anyone know a good resource for a crash course on how to read level II data?
It's embarrassing enough being a shareholder here, who would want to moderate this? Plus, there is no interest, or need, they'll probably be closing up shop soon.
stervc, how come you haven't come back on as the moderator?
SKNN in one NT filing away from being sub penny IMO. Too bad, the product looked good way back when the company had a website. I'm guessing Klein didn't pay for the work on the website.
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