Trans World Entertainment Corporation (TWMC)

[mick]

JUST READING [$KSPN NOW][JUST IN: $TWMC Trans World Entertainment Announces Name and Ticker Symbol Change]

ALBANY, N.Y., Sept. 03, 2020 (GLOBE NEWSWIRE) -- Kaspien Holdings Inc. (Nasdaq: KSPN) formerly Trans World Entertainment Corporation (Nasdaq: TWMC), today announced a new ticker symbol. As previously announced, the Company’s former name, Trans World Entertainment Corporation, has now...

Got this from TWMC - Trans World Entertainment Announces Name and Ticker Symbol Change

[whytestocks]

JUST IN: $TWMC Trans World Entertainment Announces Name and Ticker Symbol Change

ALBANY, N.Y., Sept. 03, 2020 (GLOBE NEWSWIRE) -- Kaspien Holdings Inc. (Nasdaq: KSPN) formerly Trans World Entertainment Corporation (Nasdaq: TWMC), today announced a new ticker symbol. As previously announced, the Company’s former name, Trans World Entertainment Corporation, has now...

Got this from TWMC - Trans World Entertainment Announces Name and Ticker Symbol Change

[Discipline15]

$12+ by first week of March.

[ClayTrader]

* * $TWMC Video Chart 02-21-2020 * *

Link to Video - click here to watch the technical chart video

[ThatBigGuy]

Is that a good thing? All I know is I went from an insane loss to not an insane loss lol.

[TheFinalCD]

6.42 AND HALTED


TWMC

[Roadtojourney]

Same here man still holding already lost half, and still bleeding no positive sign yet?? Imo

[Flippin Stocks]

It's definitely not looking good, heading in the wrong direction. I've been holding, hoping for the bleeding to stop. May have to reconsider if it doesn't turn around soon.

[Roadtojourney]

still waiting for this??

[Roadtojourney]

No sign of recovery here?? Imo

[Roadtojourney]

Oh man thats brutal for someone who har it at 7+?? Anyone any projection??

[Roadtojourney]

Seems like abandoned today, maybe next week imo??

[Skiluc]

Does the volume continue is all I care about today.

[Milo1]

Crushed...? Looks like it’s up AH...

[Skiluc]

Hey buddy. Fancy seeing you here on such a low traffic stock

Thanks for the heads up!

Gotta love how quick the AH action is!

[Roadtojourney]

Lol getting crushed after hour imo

[ClayTrader]

* * $TWMC Video Chart 01-23-2020 * *

Link to Video - click here to watch the technical chart video

[Roadtojourney]

So what is the real price here??

[Roadtojourney]

Seems like stopped moving??

[Flippin Stocks]

I'm hearing $30/share in chat rooms. Not sure TBH

[Flippin Stocks]

$TWMC 8K filed

https://www.sec.gov/Archives/edgar/data/795212/000114036120001307/nc10007871x1_8k.htm


On January 23, 2020, Trans World Entertainment Corporation (the “Company”), Record Town, Inc., Record Town USA LLC, Record Town Utah LLC, Trans World FL LLC, Trans World New York, LLC (collectively, the “Vendor”), 2428392 Inc. (“Purchaser”), and 2428391 Ontario Inc, o/a Sunrise Records, entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”), pursuant to which Vendor agreed to sell substantially all of the assets of and certain of the liabilities relating to the retail, music, film, video and popular business constituting the For Your Entertainment segment of the Company’s business (the “Business” and the transaction, the “Transaction”).  The parties have agreed that the rights, obligations and liabilities (economic and otherwise) resulting from the sale of the Purchased Assets and the Assumed Liabilities (each as defined in the Asset Purchase Agreement) will be deemed to have occurred at 12:00am on February 1, 2020 (the “Effective Time”), notwithstanding that the closing of the Transaction (the “Closing”) will occur at a later date.


The consideration for the sale will consist of the base purchase price of $10,000,000 (the “Base Purchase Price”), payable in cash, of which $1,000,000 will be held in escrow to satisfy certain post-closing adjustments and obligations. The Base Purchase Price is based on the delivery to Purchaser of $40,000,000 of Net Inventory (as defined in the Asset Purchase Agreement) (the “Target Net Inventory”) as of the Effective Time.  The Base Purchase Price shall be adjusted following the Closing as follows: (i) for every $1.00 by which Net Inventory delivered at the Effective Time exceeds the Target Net Inventory, up to $42,000,000, the Base Purchase Price will be increased by $0.50, (ii) for every $1.00 by which Net Inventory delivered at the Effective Time exceeds $42,000,000, the Base Purchase Price will be increased by $0.25, (iii) for every $1.00 by which Net Inventory delivered at the Effective Time is less than the Target Net Inventory, down to $37,000,000, the Base Purchase Price will be decreased by $0.50, and (iv) for every $1.00 by which Net Inventory delivered at the Effective Time is less than $37,000,000, the Base Purchase Price will be decreased by $0.75.  Also following Closing, Purchaser will pay Vendor Purchaser’s portion of certain pre-paid expenses, employee expenses, pre-paid taxes and other unreimbursed amounts paid by Vendor in respect of the Purchased Assets and Assumed Liabilities following the Effective Time.


The parties to the Asset Purchase Agreement have each made customary representations and warranties in the Asset Purchase Agreement, and have agreed to indemnify each other for breaches of such representations and warranties, subject to certain specified limitations. The assertions embodied in such representations and warranties are qualified by information contained in confidential disclosure schedules that the parties exchanged in connection with signing the Asset Purchase Agreement.  Consummation of the Closing is subject to certain conditions, including the receipt of certain third party consents, the affirmative vote or consent of the holders of at least two-thirds of the outstanding shares of the Company’s common stock, and other customary closing conditions for a transaction of this type.


The Company and Vendor are also subject to a “no shop” restriction that limits its ability to solicit alternative acquisition proposals or provide non-public information to, and engage in discussion with, third parties, except under limited circumstances to permit the Company and Vendor’s board of directors to comply with its fiduciary duties.


The Asset Purchase Agreement can be terminated (i) by mutual consent, (ii) by Purchaser, if Vendor breaches and such breach is not capable of being cured by March 31, 2020 or is not cured within 10 business days, any of the conditions to closing are not met by March 31, 2020 through no fault of Purchaser or the value of the Net Inventory at the Effective Time is less than $30,000,000 as determined by the Inventory Audit, (iii) by Vendor, if Purchaser breaches and such breach is not capable of being cured by March 31, 2020 or is not cured within 10 business days, any of the conditions to closing are not met by March 31, 2020 through no fault of Vendor or prior to receiving the Requisite Vote, the Board authorizes the entry into a definitive agreement in respect of a Superior Proposal, (iv) by either Party, if either a law or governmental order prohibits the transaction or if the Requisite Vote of Parent is not obtained.  A termination fee of $3,500,000 is payable if Vendor terminates because the board authorizes the entry into a definitive agreement in respect of a Superior Proposal, and such payment is due within 3 business days following execution of the new definitive agreement.


The parties will also enter into (i) a transition services agreement to be agreed in good faith by Purchaser and the Vendor relating to the provision by the Vendor or their affiliates of transition services to Purchaser as reasonably requested and necessary or would customarily be provided for the conduct of the Business immediately following the Closing and for a reasonable time period thereafter, and (ii) a transition services agreement to be agreed in good faith by Purchaser and the Vendor relating to the provision by Purchaser or its affiliates of transition services to the Vendor as reasonably requested and necessary for the Vendor to meet their obligations under the Asset Purchase Agreement and to give effect to the Transaction contemplated thereby immediately following the Closing and for a reasonable time period thereafter.

[Flippin Stocks]

$TWMC Avg Volume (10 days)27,329, Today 5,668,879 and rising!

[Flippin Stocks]

UPDATED PRESS RELEASE: Trans World Entertainment Corporation Announces Agreement to Sell FYE Segment

https://ih.advfn.com/p.php?pid=nmona&article=81587968

Trans World Entertainment (Nasdaq – TWMC, “TWEC” or the “Company”) a leading specialty retailer of entertainment and pop culture merchandise with stores in the United States and Puerto Rico, primarily under the name fye, for your entertainment, and on the web at www.fye.com and www.secondspin.com, announced today that it has entered into a definitive Asset Purchase Agreement with a subsidiary of Sunrise Records and Entertainment Ltd. (“Sunrise”), the parent of Sunrise Records in Canada and HMV Records in the United Kingdom, to sell substantially all of the assets of the Company’s wholly owned subsidiary, Record Town, Inc. (the retail, music, film, video and popular business constituting the For Your Entertainment (“FYE”) segment of the Company’s business), for $10 million in cash, subject to a net inventory and other adjustments, plus the assumption of certain liabilities (the “Transaction”).
The Transaction follows a process in which the Company’s board of directors explored strategic alternatives available to the Company. The Transaction was unanimously approved by the Company’s board of directors.

The Transaction is expected to close in the first quarter of 2020, subject to the satisfaction or waiver of customary closing conditions set forth in the purchase agreement, including the receipt of certain third party consents and the approval by at least two-thirds of the Company’s stockholders. The Company will call and hold a stockholders’ meeting seeking to obtain this approval. The Company will use all of the proceeds from the Transaction to repay outstanding indebtedness and satisfy other unassumed liabilities.

The Company will continue to operate its business in the ordinary course until the Transaction closes, and thereafter Sunrise anticipates keeping substantially all of the current FYE employees. Following the closing, the Company plans to focus on the operation of its wholly owned subsidiary, etailz, Inc.

The description of the Transaction contained herein is only a summary; further details on the Transaction are contained in the Company’s report on Form 8-K filed on or about the date of this press release. More information on the Transaction will be included in a proxy statement that the Company intends to file with the Securities and Exchange Commission (the “SEC”) and distribute to stockholders. Such proxy statement will include information regarding the timing of the stockholders’ meeting to consider approval of the Transaction.

Additional Information and Where to Find It

In connection with its Transaction, the Company expects to file with the SEC and furnish to its stockholders a proxy statement on Schedule 14A, as well as other relevant materials concerning the Transaction. This communication is not a substitute for the proxy statement or for any other document that the Company may file with the SEC and send to its stockholders in connection with the Transaction. STOCKHOLDERS OF THE COMPANY ARE ADVISED TO READ THE PROXY STATEMENT FOR THE TRANSACTION WHEN IT IS FILED, AND ANY AMENDMENT OR SUPPLEMENT THERETO THAT MAY BE FILED, WITH THE SEC BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY AND THE TRANSACTION. All such documents, when filed, are available without charge at the SEC’s website (http://www.sec.gov), at the Company’s website at http://www.twec.com/investors or by sending a written request to the Company’s Corporate Secretary, 38 Corporate Circle, Albany, NY 12203.

Participants in the Solicitation

The Company and certain of its directors, executive officers, and employees may be deemed to be participants in the solicitation of proxies in respect of the Transaction. Information regarding the interests of the Company’s participants is set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended February 2, 2019 and the Company’s proxy statement, filed with the SEC on May 29, 2019 (as supplemented), for its 2019 annual meeting of stockholders. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests in the Transaction, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC in connection with the Transaction.

Cautionary Statement Regarding Forward-Looking Statements

This document includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Certain statements in this communication are forward-looking statements, including, without limitation, the statements made concerning the Transaction. The statements contained in this document that are not statements of historical fact may include forward-looking statements that involve a number of risks and uncertainties.

We have used the words “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “project”, and similar terms and phrases, including references to assumptions, in this document to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, those regarding the transactions contemplated by the Asset Purchase Agreement. These forward-looking statements are made based on management’s expectations and beliefs concerning future events and are subject to uncertainties and factors that could cause actual results to differ materially from the results expressed in the statements. The following factors are among those that may cause actual results to differ materially from the Company’s forward-looking statements:

the risk that the Transaction may not be completed in a timely manner or at all, which may adversely affect the Company’s business and the price of the Company’s common stock;
the failure to satisfy any of the conditions to the consummation of the Transaction, including the adoption of the purchase agreement by the Company’s stockholders and the receipt of third party consents;
the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the Asset Purchase Agreement;
the effect of the announcement or pendency of the Transaction on the Company’s business relationships, operating results and business generally;
risks that the Transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the Transaction;
risks related to diverting management’s attention from the Company’s ongoing business operations;
the outcome of any legal proceedings that may be instituted against the Company related to the Transaction,
unexpected costs, charges, expenses, liabilities or delays in the consummation of the Transaction;
the Company’s ability to operate as a going-concern following the closing of the Transaction; and
other risks described in the Company’s filings with the SEC, such as its Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K.
The reader should keep in mind that any forward-looking statement made by us in this document, or elsewhere, pertains only as of the date on which we make it. New risks and uncertainties come up from time-to-time and it’s impossible for us to predict these events or how they may affect us. In light of these risks and uncertainties, you should keep in mind that any forward-looking statements made in this report or elsewhere might not occur.

Contact:
Trans World Entertainment
Ed Sapienza
Chief Financial Officer
[phone] ?
Financial Relations Board
Marilynn Meek
([e-mail])
[phone]

[Flippin Stocks]

Day’s Range on $TWMC 4.765 - 9.72. Currently up 200% around $7. Looks like there's more upward momentum!

[jchords]

What’s a decent expected valuation after this sale?

[allezlOM]

Squeeze could start around $10.00...and could be weird with that low floater :)

[makinezmoney]

$TWMC: Now $7.35........ Whatta SQUEEZE


Gotta love it.



Went to $9.50 at the open



GO $TWMC

[makinezmoney]

$TWMC: FYE sold for $10Milllion Cash.... POPPing HARDddddddddddddd


Squeeze is on.


Let 'er rip.


Now at $5.75



GO $TWMC

[whytestocks]

News: $TWMC Trans World Entertainment to Host First Quarter Results Conference Call

ALBANY, N.Y., May 23, 2019 (GLOBE NEWSWIRE) -- Trans World Entertainment Corporation (Nasdaq: TWMC) announced today that it will host a teleconference call for members of the financial community on Thursday, May 30, 2019 at 10:00 AM ET to discuss its press release regarding its First Quarte...

Got this from https://marketwirenews.com/news-releases/trans-world-entertainment-to-host-first-quarter-results-conference-call-8238290.html

[420man]

BK a comin here...tick tock!

[StealthTrader007]

Nice move here lately.

[Penny Roger$]

~ $TWMC ~ Daily Par Sar Buy Signal ~ Criteria alert triggered during a recent trading session!

$TWMC has just triggered the "Parabolic SAR Buy Signals" scan criteria at Stockcharts.com
~ http://tinyurl.com/SAR-BUY ~







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What does the scan "Parabolic SAR Buy Signals" mean? Below is an image example and study link.
~ http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:parabolic_sar ~


To find other similar posts of "TWMC" utilize the links that follow.
Search MACDgyver's "Parabolic SAR Buy Signals" posts: ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=ParSarBuyScan ~
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c

[Penny Roger$]

~ Monday! $TWMC ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $TWMC ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=TWMC&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=TWMC&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=TWMC
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=TWMC#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=TWMC+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=TWMC
Finviz: http://finviz.com/quote.ashx?t=TWMC
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<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=TWMC >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

[Penny Roger$]

Trans World Entertainment Corporation operates retail stores and three e-commerce sites and is a specialty retailer of entertainment software, including music, video, and video games and related products in the United States. The Company owns 100% interest of Record Town, Inc., through which its principal operations are conducted. At January 29, 2011, the Company operated 460 stores totaling approximately 3.1 million square feet in the United States, the District of Columbia, the Commonwealth of Puerto Rico and the United States Virgin Islands. The Company’s stores offer a range of new and used compact discs (CDs) and music digital versatile discs (DVDs) across music genres, including new releases from artists, as well as a catalog of music from past periods and artists. The Other category consists of electronics, accessories and trend items. During the fiscal year ended January 29, 2011 (fiscal 2010), the Company acquired five stores.

http://www.google.com/finance?q=TWMC