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$SRSK: Sideliners falling behind... its a moving train
And yes.... bidders are being forced to raise.
This a Fanatics subsid for gods sake.
GO $SRSK
Had to jump in. Almost impossible to get filled here. Dollars soon IMO.
$SRSK: $1 break today...... another $KDCE in the making
This thing is looking soooooooo obvious.
2Million Float.......... NOTHING !
GO $SRSK
$SRSK: Fansedge.com is a division of Fanatics.com
FansEdge.com bought as part of the Dreams portfolio which was
valued at $183Million.
Fanatics is private but FansEdge.com public.
Something big is about to go down.
GO $SRSK
************************************************************
E-retailer Fanatics acquires a competing merchant of sports apparel and gear
Mark Brohan | Apr 16, 2012
Share:
Fanatics will pay $183 million for Dreams Inc.
Dreams Inc.’s solid e-commerce growth rate apparently didn’t escape the attention of one of its chief competitors, Fanatics Inc.
In fact, Fanatics is purchasing Dreams, which operates FansEdge.com and multiple other branded sports merchandise e-commerce sites, in a deal valued at $183 million. Fanatics is an online licensed sports products retailer owned and operated by Kynetic LLC.
Under the terms of the deal, Fanatics and Kynetic, the e-commerce company launched by former GSI Commerce Inc. founder Michael Rubin in September, will pay $3.45 per share for all of Dreams’ outstanding shares. The sale is expected to close sometime in the third quarter. Rubin sold GSI Commerce to eBay Inc. in June 2011 in a deal valued at $2.4 billion. Rubin’s new company, Kynetic, includes limited-time sale site Rue La La, Fanatics, a group of e-retail sites that sell team sports apparel and ShopRunner, the multimerchant free-shipping program that competes with Amazon.com Inc.’s Prime.
Dreams, which posted web sales of $113 million, up 27.7% from $88.5 million in 2010, will help Fanatics further grow its niche of web stores that sell licensed sports apparel and related gear such as FootballFanatics.com. Dreams is No. 181 in the Internet Retailer Top 500 Guide and FootballFanatics.com is No. 98.
“Fanatics shares our focus on the customer, innovation and growth,” says Dreams CEO Ross Tannenbaum. “This combination will enhance Dreams’ ability to achieve its goals, while realizing a significant and immediate all-cash premium for our shareholders. I am confident this merger is the right decision for Dreams and our shareholders.”
To finance the deal Fanatics is using an unspecified amount of equity financing from investment banking firm Insight Venture Partners. It’s unclear, once the deal is closed, if Dreams will remain a stand-alone entity or be folded into Fanatics, which posted web sales of $525 million in 2011, up 188.8% from $181.8 million in 2010. Fanatics was acquired by GSI Commerce in February 2011.
The acquisition of Dreams also gives Fanatics a store base. Dreams operates a network of about 30 sports apparel and gear stores in locations such as the Caesars Forum Shops in Las Vegas and Mall of America in Minneapolis. “We are bringing together two of the most passionate management teams in licensed sports products,” says Fanatics CEO Alan Trager. “The addition of Dreams will enable Fanatics to accelerate our investments in product assortment, mobile and e-commerce technology, and a regional fulfillment infrastructure to better serve our customers and our partners. Together, we will be much better-positioned to deliver a superior customer experience.”
Jefferies & Company Inc. acted as the exclusive financial advisor and Roetzel & Andress LPA served as legal advisor to Dreams. Morgan, Lewis & Bockius LLP served as legal adviser to Fanatics.
$SRSK: CFGN & CSTI at $99 & $100 respectively
I've never seen anything like this market depth sort order before.
This puppy is locked.
Its really about to break out hard to the upside.
GO $SRSK
Me neither. Not even showing up on bid
$SRSK: CFB-Finals today.... LSU vs. CLEMSON
And the website has LSU & Clemson Merchandise front and center on the
website.
Pretty Awesome !
www.starstruck.com
GO LSU !!!!!!!!!!!!
GO $SRSK
$SRSK: Locked !!!!!!!!!!!
Thats right... not getting filled.
Its locked.
Will have to force the bid higher then.
GO $SRSK
Not getting filled. I'm at $.25 $SRSK
$SRSK: GTSM at $1
Hellooooooooooooooooo
Now we get this ball rolling.
GO $SRSK
$SRSK: $0.33 next ......... thin past $0.46
This is all buying here...... 4days straight
GO $SRSK
$SRSK: Now holding 40k shares
Lets see how good this gets.
I don't see any other Public presence of equity type in Fanatics.
And I'm an avid customer of theirs.
So if thats what this is..... I see nothing short of $10/sh here
Hope it does what $SAVA just did for me.
GO $SRSK
I'm telling you I did extensive DD, sent emails, made calls. This is a Fanactis RM. $10 is coming no problem.
I need to buy some more cheap, haha after that the DD will get post haha
$SRSK: Ok... i believe it... FanEdge is $SRSK
There is no other reference for FanEdge subsid of Fanatics elsewhere.
Lets see how undervalued this bad boy really is.
Easy $10... calling it.
Now at $0.20 and major bids building.
GO $SRSK
Yep I see. I upped my bid to $.2 :) looking for 7k shares $SRSK
$SRSK : Such a thin trader.... maybe $1 break
Could this pull off another $KDCE type move.
Watching very very keenly.
GO $SRSK
$0.50 on deck! KABOOM
$SRSK : 25s are about to roll here..... and gone
$0.50s next
GO $SRSK
Bid is building, no one selling. This is winding up tight for a huge BOOM! watch what happens on this one
Looks like no one is giving up shares! I might Need to slap the ask!
Nice job! I'll be looking for an entry in the $.05-$.08 range :) Go Seahawks :) $SRSK
$SRSK: Placed my order.......
https://www.fansedge.com/new-era-san-francisco-49ers-scarlet-2019-nfl-sideline-road-official-sport-knit-hat/p-3453472?_ref=p-DLP:m-GRID:i-r1c0:po-3
Just in time for the Super BOWL !
GO NINERS !
Just the new website on otcmarkets, www.starstruck.com
And the fact it is a Fanatics Experience should show you there is a LOT happening.
$SRSK: Haven't heard anything yet other than volume
For the past 3 days.
Let us know what you're hearing and from where so we can validate it.
Would like to know what the real deal is here.
GO $SRSK
Going to be huge here, hearing a lot of things coming for this one
$1 TODAY, LETS GO!!!!!Woooowoooo $SRSK "The Stylin’, profilin’, limousine riding, jet flying, kiss-stealing, wheelin’ n’ dealin’ son of a gun!”
Wow interesting. Will be looking for an entry tomorrow. :) $SRSK
Make sure you look carefully, there are two separate businesses. Star Struck LTD (which is the sports business ) and Star Struck LLC (The jewelry business)
SRSK is the sports business which dreams bought then sold to Fanatics for $3.45 a share recently.
Fanatics was recently looking for funding, my guess is they are RM'ing into SRSK to get it.
HUGE THINGS HAPPENING HERE!!!
WWW.STARSTRUCK.COM
Interesting History here..... Dreams !
https://www.businesswire.com/news/home/20080915006092/en/Dreams-Acquires-StarStruckProteam
$SRSK: Need clarifications... SportsGear or Jewellery Business.
The LLC is a Jewellery oriented business.
OTCMarkets.com still falls it a SportsGear business.
Someone needs to get to the bottom of this so we
Know for sure what the real deal is.
Or is something else coming into it now.... new Ownership ?
The float is clearly minimal... no doubt there.
More interest will come in here this week.
Maybe $0.50sh isn’t hard to achieve.
Boardmarks rising! A TON of eyes on this one! WHALES ARE COMING GET IN QUICK
4500%....I was just in SSVC and MCELQ who did well more then this off higher floats and no news. This one is MUCH bigger
And what percentage gain would that be?
We should hit $4.50 this week! With a 2 million float this will go up fast
Look at SRSK website, HUGE!!!
Star Struck Pro Teams
www.starstruck.com
Make sure you look carefully, there are two separate businesses. Star Struck LTD (which is the sports business ) and Star Struck LLC (The jewelry business)
SRSK is the sports bussiness which dreams bought then sold to Fanatics for $3.45 a share recently.
Interesting History here..... Dreams !
https://www.businesswire.com/news/home/20080915006092/en/Dreams-Acquires-StarStruckProteam
SRSK~~look at this product huge Cleaners: Jewelry Steam Cleaners
https://www.starstruckllc.com/cleaners_steam.php
SRSK~~Sector: Technology
Industry: Electronics & Computer Distribution
Full Time Employees: 55
SRSK~~New website on Yahoo ,huge http://www.starstruckllc.com/
SRSK~~was $4.50 dollars PPS
SSI has approximately 6,000 active customers for its watch batteries
and related products. SSI's two largest customers account for 35% and 5%,
respectively, of its sales.
SSI has approximately 60 full-time employees
SRSK is a freaking huge here Star Struck, Inc.
----------------
The Company's operating subsidiary is Star Struck, Inc. ("SSI"), a
Connecticut corporation, whose principal offices are in Bethel, Connecticut. SSI
is a distributor throughout the United States of watch batteries and watch
straps. SSI also sells related products, such as alkaline, photo and hearing aid
batteries, jewelry findings, tools and supplies.
SSI has also distributes a line of sports apparel. These products
consist principally of caps and shirts bearing logos of various professional and
college sports teams. These products are manufactured for SSI by various apparel
manufacturers under license from the respective teams whose logos are being
used. In 2000, sales of sports apparel products were approximately $2.8 million.
SSI sells its watch batteries and related products through direct mail
and telemarketing to jewelry stores, discount store chains and other retail
vendors. SSI sells its sports apparel products directly to customers through
direct mail and print media advertising, and, since early 1999, through its
internet site, www.starstruck.com.
SSI competes in competitive, but highly fragmented, industries.
SSI's business does not depend on the availability of raw materials.
SSI distributes watch batteries for Sony, Eveready, Maxell, Renata, Rayovac and
Varta under the manufacturer's and SSI's private label. SSI sells its watch
straps under the Sahara and Town & Country tradenames. SSI sells its sports
apparel under the "Star Struck" trade name.
SSI has approximately 6,000 active customers for its watch batteries
and related products. SSI's two largest customers account for 35% and 5%,
respectively, of its sales.
Governmental regulation is not a specific influence on the business of
SSI, and generally compliance with environmental regulations have not been
burdensome to SSI.
3
<PAGE>
SSI has approximately 60 full-time employees.
Peter Nisselson got stake in Aggregate Amount Beneficially Owned by Each Reporting Person
839,352
12.
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
¨
13.
Percent of Class Represented by Amount in Row (11)
41.4%
https://www.otcmarkets.com/filing/html?id=2265668&guid=OY_jUnYSq3zUcyh
SRSK.PK on OTC Markets Group
0.10USD
3 Jan 2020
Change (% chg)
$0.00 (+1.00%)
Prev Close
$0.10
Open
$0.12
Day's High
$0.13
Day's Low
$0.05
Volume
63,142
Avg. Vol
37,152
52-wk High
$0.14
52-wk Low
$0.01
SUMMARY
Name Age Since Current Position
Peter Nisselson
71 1999 Chairman of the Board, Secretary
Kenneth Karlan
54 1999 President, Director
Keith Sessler
51 Vice President and Director
Lawrence Goldstein
75 1985 Vice President, Treasurer and Director
Robert Morris
72 1985 Director
Arthur Salzfass
72 1985 Director
Michael Sweedler
71 1984 Director» Insider Trading
BIOGRAPHIES
Name Description
Peter Nisselson
Peter M. Nisselson has been Chairman of the Board since 1999. President of the Company from 1985 to 1999 and Secretary since 1985; President of PN Investments, Inc., a Private investment company, from 1981 to 1994; Vice President of SSI.
Kenneth Karlan
Kenneth Karlan has been President of the Company since 1999; Vice President of the Company from 1994 to 1999; since 1984, President of SSI.
Keith Sessler
Since 1987, Mr. Sessler has been Vice President and Secretary of SSI.
Lawrence Goldstein
Mr. Goldstein has been Vice President and Treasurer of the Company since 1985; General Partner of Santa Monica Partners, an investment partnership, since 1982; Vice President of the Company's subsidiary, Star Struck, Inc.
Robert Morris
Mr. Morris is President of Dunhill Personnel Search since prior to 1980.
Arthur Salzfass
Mr. Salzfass has been President of Rutledge Books, Inc., a subsidy publisher since 1997. Chairman of MicroInfo, a consulting business, since approximately 1985; from October 1993 to June 1994, President and CEO of USFI, Inc., an international telephone call- back company.
Michael Sweedler
Michael Sweedler is Attorney and partner of Darby & Darby, a New York law firm, since prior to 1979
And one else have any DD here? What are your thoughts? $5 Monday? Still has a small CAP at $5
STAR STRUCK ,PRO TEAM , FANATICS!!!!!
WOWZA WOWZA¡!!!!!!!!
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Dreams Inc.’s solid e-commerce growth rate apparently didn’t escape the attention of one of its chief competitors, Fanatics Inc.
In fact, Fanatics is purchasing Dreams, which operates FansEdge.com and multiple other branded sports merchandise e-commerce sites, in a deal valued at $183 million. Fanatics is an online licensed sports products retailer owned and operated by Kynetic LLC.
Under the terms of the deal, Fanatics and Kynetic, the e-commerce company launched by former GSI Commerce Inc. founder Michael Rubin in September, will pay $3.45 per share for all of Dreams’ outstanding shares. The sale is expected to close sometime in the third quarter. Rubin sold GSI Commerce to eBay Inc. in June 2011 in a deal valued at $2.4 billion. Rubin’s new company, Kynetic, includes limited-time sale site Rue La La, Fanatics, a group of e-retail sites that sell team sports apparel and ShopRunner, the multimerchant free-shipping program that competes with Amazon.com Inc.’s Prime.
Dreams, which posted web sales of $113 million, up 27.7% from $88.5 million in 2010, will help Fanatics further grow its niche of web stores that sell licensed sports apparel and related gear such as FootballFanatics.com. Dreams is No. 181 in the Internet Retailer Top 500 Guide and FootballFanatics.com is No. 98.
“Fanatics shares our focus on the customer, innovation and growth,” says Dreams CEO Ross Tannenbaum. “This combination will enhance Dreams’ ability to achieve its goals, while realizing a significant and immediate all-cash premium for our shareholders. I am confident this merger is the right decision for Dreams and our shareholders.”
To finance the deal Fanatics is using an unspecified amount of equity financing from investment banking firm Insight Venture Partners. It’s unclear, once the deal is closed, if Dreams will remain a stand-alone entity or be folded into Fanatics, which posted web sales of $525 million in 2011, up 188.8% from $181.8 million in 2010. Fanatics was acquired by GSI Commerce in February 2011.
The acquisition of Dreams also gives Fanatics a store base. Dreams operates a network of about 30 sports apparel and gear stores in locations such as the Caesars Forum Shops in Las Vegas and Mall of America in Minneapolis. “We are bringing together two of the most passionate management teams in licensed sports products,” says Fanatics CEO Alan Trager. “The addition of Dreams will enable Fanatics to accelerate our investments in product assortment, mobile and e-commerce technology, and a regional fulfillment infrastructure to better serve our customers and our partners. Together, we will be much better-positioned to deliver a superior customer experience.”
Jefferies & Company Inc. acted as the exclusive financial advisor and Roetzel & Andress LPA served as legal advisor to Dreams. Morgan, Lewis & Bockius LLP served as legal adviser to Fanatics.
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