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BOY do I hope your right,you could be!
If the company keeps signing these licensing deals, and some big names start popping up, this stock could do quite well. They need to show revenues are increasing substantially. If revenues start exploding upward, the stock price will follow.
I really wonder when this starts to trade again with more MM's than only NITE in some weeks, where the PPS will be? 5USD, 10USD, 50USD or even 100USD?
I would not wonder and saw german companies going public with a PPS of 70 € and after 4 weeks the PPS was at 140€!!!
So why not XELB! I'm happy, that i own about 400 shares of this company!!!
2 more licensing agreements just PR'd:
http://ih.advfn.com/p.php?pid=nmona&article=50358594
http://ih.advfn.com/p.php?pid=nmona&article=50358661
Who knows...I for one am just waiting patiently by the sidelines....That's all anybody can do for now somewhat...
Issues with DTCC? Perhaps. This doesn't mean it can't be resolved in XELB's situation if it is...I'm sure whatever the problem is it's being fervently & diligently pursued by management...but this may help for future ref what some RM's have encountered.
The Depository Trust & Clearing Corporations (DTCC) controls the clearing of all stock in street name and through electronic transfers. If a company’s stock is not DTC eligible it will be illiquid. Although DTC has not technically changed its rules, they are enforcing them differently. DTC is now requiring documents which may not exist or which may be impossible to obtain. For example, DTC requires the original offering document for public issuances. For a company that went public 10 years ago, subsequently failed and became a shell, and changed management a dozen times in between such offering document can be unattainable.
When that same company now wants to complete a reverse merger with a solid operating business, file a registration statement and become fully reporting and transparent, they may not be able to become DTC eligible. In addition, DTC has been taking a very long time to clear penny stocks, even when the paper work is in order. Many months or more can go by without communication. DTC has no time limit requirements so an applicant is at their mercy.
8K filed on 12/2/11.
http://ih.advfn.com/p.php?pid=news&symbol=NO%5EXELB
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I don't know, but it may have something to do with being a very thinly traded pinky with only one Market Maker (NITE) matching buy and sell trades.
It must have something to do with having only one market maker (NITE). The .31 is not a pre-split price because before the split, the stock was trading at less than a penny. You bought all the shares from me. Both the 2.75 and the .31. I put a hundred shares up for sale at 2.75 and only 52 filled. I waited, but for some reason the 48 shares left would not fill. So I put up 59 shares at market, thinking they might fill at near the 2.75 price, but they filled at .32 so you got a great price on those ( if something good happens here)!
slazenger7 - this is strange. It looks like my buy was filled with some of yours. I had a buy for 100 at a limit of $2.75. At about 12:30 this afternoon, I got a partial fill of 52 shares at 2.75, then a half hour later the remaining shares (48) at $.31. This just doesn't make sense - the $.31 seems to be a pre-split price but it shows post split shares in my account. Now I see a bid offer of $.5 and $9.31!! Any thoughts?
But why can't we see any trading on L2?
I sold 59 shares at Market prices just to see what would happen. The order was filled after a couple of minutes wait at .32. Crazy trading on this stock right now. Over the last couple of days, I was filled for 10 shares at $20.00, 52 shares at $2.75, and 59 shares at .32.
Itsallaboutthedeal - I just sold 52 shares @ $2.75. Was that you that bought them?
No, straight order for 100 shares.
Ok but it cannot be, that this is the only order? Nobody wanna buy this stock and puts in a order at the bid?
News today! Deal with United Legwear Company
Xcel Brands, Inc. Announces Legwear Licensing Deal With United Legwear Company, LLC
Date : 11/21/2011 @ 10:04AM
Source : GlobeNewswire Inc.
Alert
Xcel Brands (QB) (USOTC:XELB)
Intraday Stock Chart
Today : Monday 21 November 2011
Xcel Brands, Inc. (OTCQB:XELB) has signed an exclusive licensing agreement with United Legwear Company, LLC. ("ULC") This agreement will give United Legwear the license to manufacture and distribute legwear for the Isaac Mizrahi New York brand.
The collection will be available at retail in Fall 2012 and will be compromised of opaque tights, patterned tights, trouser socks, leggings, and sheers. Patterns will include swiss dots, large dots, houndstooth, herringbone, and lace. Fashion tights will mostly consist of approximately 83% nylon and 17% spandex, which will provide excellent recovery (the ability of the tights to snap back into shape), but this may vary slightly for each style.
Robert D'Loren, Chairman and Chief Executive Officer, Xcel Brands, Inc. said, "I am very excited to be in business with United Legwear to launch our Fall 2012 legwear collection. This license is a great addition to our growing brand."
Isaac Mizrahi, Creative Director, Xcel Brands, Inc., said, "Legwear is such a fun central subject in fashion. I start most collections thinking about legwear, it's like starting a meal with dessert!"
"I am excited to partner with Xcel in the launch of their new Isaac Mizrahi legwear line for Fall '12," said Isaac Ash, President and CEO of United Legwear. "The Isaac Mizrahi brand stands for timeless, cosmopolitan style with a bit of irreverence, some humor, and a lot of confidence. ULC will be able to translate those key elements into tights and socks that will be meaningful at retail and appeal to women of all kinds."
Xcel Brands, Inc. ("Xcel") engages in the acquisition, design, licensing, and marketing of consumer brands. In 2011, Xcel acquired designer apparel brand Isaac Mizrahi New York. Xcel's management team consists of executives with significant experience in creating and growing businesses in the branded consumer products industry and a proven track record for successfully completing multiple similar acquisitions. Xcel will seek to acquire brands that it can utilize in a multi-channel distribution strategy (bricks and mortar, internet retailers and interactive media) with a focus on identifying designers or celebrities with personalities that connect directly with consumers through social and other media. In 2011, Xcel acquired designer apparel brand, Isaac Mizrahi New York.
Isaac Mizrahi has been a leader in the fashion industry for almost 30 years. Since his first collection in 1987, Mr. Mizrahi's designs have come to stand for timeless, cosmopolitan style. He has been awarded four CFDA awards, including a special award in 1996 for the groundbreaking documentary "Unzipped." In December 2009, Mr. Mizrahi launched his lifestyle collection, ISAACMIZRAHILIVE! on QVC. In addition, television audiences have come to value Isaac's media presence through his roles on "Project Runway All Stars" for Lifetime, "The Fashion Show" for Bravo and his own series for both Oxygen and the Style Network.
Founded in 1998 by Isaac Ash, United Legwear Company, LLC is a global manufacturer of socks and bodywear that has established itself as one of the leading resources in the industry. From infants and toddlers to teens and adults, the company offers a full range of products that address the functional and fashion needs of consumers. United Legwear strives to remain true to innovation, quality and integrity.
CONTACT: Erika Stair
Director of Public Relations & Marketing
Xcel Brands, Inc.
347-727-2476
Erika@isaacmizrahiny.com
http://ih.advfn.com/p.php?pid=nmona&article=50126459
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Is it an All Or None order? If it is an AON order it will not show up on bid or ask.
Still doesn't make sense to me. I have an open order through Etrade at $2.75, no execution, not indicated anywhere as a bid.
They have so many good news, Xcel is great, Mizrahi a famous designer and so on...!!
I don't know why this stock is not trading ATM?
I saw shitty german companies, they did an IPO and started with a PPS of 70€ and went to 140€ after a month!!!
That would be a PPS of 188USD!!!
There is really no rason, that this company cannot sell shares at a 50-100USD range!!!
Where is the bid and why is nobody taking the chance to get shares, now?
I wonder why it didn;t print anywhere other than our accounts??
He bought the 10 shares from me. I have an open order in to sell my XELB holdings (721 shares) at $20 per share. I did not check my Ameritrade account late yesterday afternoon, and this morning I looked and saw a transaction had executed at 3:53 pm yesterday for 10 shares @ 20 per share.
TD Ameritrade, Inc. Courtesy Fill Notification
--------------------------------------------------------------------------------
Account number ending with: xxxx
Account owner: xxxxx xxxxxxx
--------------------------------------------------------------------------------
For your order to sell 721 shares of XELB at 20 limit, good for today:
You sold 10 shares of XELB at $20 on 11/16/2011.
This is a notification of a partial fill.
--------------------------------------------------------------------------------
Please refer to order number 818930xxxxx when inquiring about this order.
--------------------------------------------------------------------------------
Thank You for choosing TD Ameritrade for your investment needs.
1005 N. Ameritrade Place
Bellevue, NE 68005
www.tdameritrade.com
It could be because of the registration status of those shares. Perhaps they come under the exemption for a Reg A offering or Reg D offering. ??
I've also had the experience of being sold only 1 share of XYZ Inc. and yet the daily volume on various brokerage site's showed volume to be 100 for the day.
It could be that the purchase may not have met the thresholds for reporting.
...call your broker and ask and if you find out let the board know what they said. Good Luck!
Can someone explain this - I have a friend that just placed a small buy order for 10 shares at "market" to see what would happen. The trade executed at $20 per share (!!!) and now shows in his account, but the trade did not post on any of the sites we checked (yahoo, TD, OTC). Thoughts?
Anything new on trading yet?
Looks like bid is increasing and somebody want shares?
He gave a time frame, and I posted it on this board.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68753040
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Ok, more or less. But nothing about the time frame, when they want to have an active market that is ready for trading. Next week? Next month? Next year?
We all know that ATM we cannot buy or sell any shares and this means for me, that my money is frozen in this stock!!!
They reduced the A/S from *210 million 26 million. This is one statement that stands out -
- "The Company believes that it will have sufficient authorized and unissued shares of capital stock, common stock and preferred stock to satisfy its existing and expected future obligations to issue stock."
* " The total number of shares of capital stock which the Corporation shall have authority to issue is Twenty Six Million (26,000,000) shares, of which Twenty Five Million (25,000,000) shares shall be Common Stock, par value $.001 per share, and One Million (1,000,000) shares shall be Preferred Stock, par value $.001 per share."
He (Seth) specifically answered your question in his email reply to you. "The registered shares of Xcel Brands, Inc. are currently tradable, so if you want to sell your position or buy more shares you are able to do so provided that there is a counter-party to the trade. However, given the reverse split that was completed in September and the new shares that were issued in connection with the merger of NetFabric Holdings, Inc. and Xcel Brands, Inc.., there are not a significant amount of registered shares of the stock that are available to be traded – currently less than 200,000 shares, and thus not an active market for the trading of our common equity."
So when will we start trading, again? I think that's the only imnteresting question here for shareholder's and was also my question to Seth. I don't like it when my money is frozen in something and nobody gives you information why this cannot trade?
Well, let's see what happens today!
Thanks for the heads up on the symbol change. Product expansion news has been released 2 days in a row now.
News:
http://ih.advfn.com/p.php?pid=nmona&article=49857423
also new symbol tomorrow XELB from the daily list:
http://otcbb.com/asp/dailylist_detail.asp?d=11/08/2011&mkt_ctg=ALL
Thanks for posting the email BKMUC. It confirms what I discussed with Seth when I called him earlier this week.
E-mail from Seth Burroughs:
-----Original Message-----
From: Seth Burroughs <SBurroughs@xcelbrands.com>
To: bkmuc <bhmuc@aol.com>
Cc: Erika Stair <erika@isaacmizrahiny.com>
Sent: Tue, Nov 8, 2011 6:06 pm
Subject: Investor Inquiry
Mr. K.,
I oversee investor relations for Xcel Brands, Inc. (NFBH.PK), and Erika Stair shared your e-mail with me.
The registered shares of Xcel Brands, Inc. are currently tradable, so if you want to sell your position or buy more shares you are able to do so provided that there is a counter-party to the trade. However, given the reverse split that was completed in September and the new shares that were issued in connection with the merger of NetFabric Holdings, Inc. and Xcel Brands, Inc.., there are not a significant amount of registered shares of the stock that are available to be traded – currently less than 200,000 shares, and thus not an active market for the trading of our common equity.
In connection with the merger that we completed on September 29, 2011, we issued a press release and filed an 8K and related forms with the SEC. We also recently submitted an S1 registration statement to the SEC for review, which once accepted by the SEC will register additional shares and increase the float in our securities. Finally, we have and plan to continue to issue press releases with updates on our business, and may engage an investor relations firm in 2012 to further increase awareness of the company to existing and new investors.
Hopefully this addresses your question, but if you have any further questions or ideas I would be happy to discuss them with you at your convenience.
Regards,
Seth Burroughs
EVP, Treasury & Business Development
Xcel Brands, Inc.
475 Tenth Avenue, 4th Fl
New York, New York 10018
Direct......347-532-5894
Fax.........347-436-9178
www.xcelbrands.com
sburroughs@xcelbrands.com
Please consider the environment before printing this e-mail.
Confidentiality Notice: This electronic mail transmission, and any attachment to it, contains privileged and confidential information intended only for the personal and confidential use of recipient(s) designated above. If you are not the intended recipient of this communication, or the employee or agent responsible for delivering it to the intended recipient, you are hereby notified that any review, disclosure, copying, distribution or use of the contents of this information is strictly prohibited. If you have received this communication in error, please immediately notify the sender and please destroy the original message and all copies.
Xcel brands paid 31.5 million for the acquisition of Isaac Mizrahi? So how high is the market cap of Xcel brands? 100 million or more?
And how much is the O/S when there are only 140.00 shares in the float? 1 million O/S?
This numbers would lead to a PPS of about 100USD? Or does anybody here know more exact numbers?
But why shouldn't it trade at 100USD/share. I saw german start up companies that went public in Frankfurt and started at 60€/share and after 6 weeks they were at 120€/share!!!
I'm really excited when this starts trading again, how high it will go and what my 300 shares will be worth?
http://newyork.citybizlist.com/18/2011/9/30/Xcel-Brands-Acquires-Isaac-Mizrahi.aspx
If the company was concerned at all with minority shareholders feelings, they wouldn't have dumped a 520/1 R/S on them! After enduring heartburn and anxiety of that magnitude, any current delays by the company are relatively meaningless in comparison.
Sorry BKMUC, I had you confused with someone else. I know you own stock.
They have a Market Maker. NITE is trading the stock and anyone with level 2 can see them. The bid is 2.54 and the ask is 25, which reflects the ultra small float of 140,000 shares. Don't know where you are coming from with the Grey Market nonsense. I or anyone else here with stock to trade can change the ask or the bid if they so choose and I have changed the ask several times just to make sure. You can't do that on the Grey Market.
Of course i have shares of this stock...288 after the R/S! I never posted something different!!!
He didn't frame it so negatively. If you own free trading stock, which those on this board do, you can trade the stock right now if you want to. He said you can trade the stock right now if you want to, but there are only 140k in the float, so it seems everyone with free trading shares (like those on this board) are hanging on to their stock, waiting to see what transpires. He gave the 1 or 2 quarter timeline as a framework for expanding the company, attracting the right Market Makers, and completing all the filings they will be doing which involve the SEC who at times work according to their schedule, not the company's schedule.
Seems to me, there will be some speculators who want to buy this stock at a fraction of what it is now, would love to see the price drop, and will try to help accomplish that if they can. You can buy and sell the stock now, but the price swings would be astronomical.
...one or two quarters!!! Are you kidding me!
Ok...they don't have a MM...that's the real hold-up here. The light bulb is comin' on now.
That means it trades on the Grey market...bids and offers are not collected in a central spot which makes best execution of orders difficult.
He said it may take one or two quarters to get everything worked out.
One or two quarters? That's a joke...untill then our money is frozen? What a BS!!!
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