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blue horseshoe: may i just say, "i told you so!" yes, perhaps i should have taken the higher road, but it is so much more fun to rub it in that you had no idea what you were talking about.
Does someone else want to be co-manager of this board. I'm out. I decided to get rid of my few shares last week. Shamefully. :) but that's the name of the game.
Good Luck.
it's been quite eventful for the guez family lately. between inno, mjet, and now cyds, the stocks have been going crazy. this week, cyds has gone from about .60 to a current and increasing price of 2.63!
is there another member of the guez family? lol.
Who Pays $600 for Jeans?
By GUY TREBAY
OLLETTE LEONARD would probably be the first to tell you that the premium denim thing is a little out of hand. She is aware of how loopy it is to lose one's senses in the quest for a neatly packaged posterior. She knows there is something fundamentally silly in indulging an obsession with foraging obsessively for the best, newest, most underground pair of five-pocket cotton trousers, of hoping to unearth the holy grail, jeans made by a label never yet photographed on Jennifer Aniston.
"It's just a pair of jeans, I realize that," said Ms. Leonard, who works for a liquor distributor in Manhattan. "But I wear two pairs every day, and I'd much rather go out and find something unique that you're not going to see on every girl in New York."
That is why Ms. Leonard was elated to uncover some import jeans sewn by a London label so obscure it is barely available on these shores.
The trousers, by All Saints, had slim straight legs and a stylized leather cross appliquéd just below the hip. Tea-stained lace trim adorned the hems and pockets. Without question there are people who would consider the price, a hefty $375, a deterrent. Ms. Leonard is not one of them.
"I don't balk at $500 for a pair of shoes," explained Ms. Leonard, who was shopping last month at Atrium, a boutique on Lower Broadway that is to premium denim what Barney Greengrass is to lox. "Why should I balk at that price for jeans that are special. "
Since the advent a half decade ago of the jeans category termed "premium" or "luxury" denim, referring to trousers that cost $75 or more, the price of what were once quaintly known as dungarees has spiked so precipitously it is now in cloud-cuckooland. More curious still, blue jeans have suddenly shed their proud proletarian roots and turned into what retailers call a status buy.
"For four years running, luxury denim has been the fastest growing category at the bottom part of the apparel business," said Marshal Cohen, the chief industry analyst at the NPD Group in Port Washington, N.Y., which tracks clothing sales. Although no figures exist dividing the $14.2 billion denim market according to price, it is Mr. Cohen's qualifier - "bottom part" - that gives one pause.
There may have been a time when it was possible to consider oneself stylish in a pair of $100 jeans from, say, 7 For All Mankind, the label widely credited with helping ready the mass market for a new age in blue jeans. In cash register terms, at least, that time is gone. A stroll through the jeans bars that are now a ubiquitous element of the retail landscape has lately become a masochistic exercise in sticker shock.
Far from being rarities, jeans with price tags of $200 are now everywhere, the retail equivalent of dandelions after spring rain. And it no exaggeration to say that a pair these days can easily cost as much as an iPod (Tsubi, $319), a Motorola Razr (Levi's vintage, $325), or a desktop computer with the printer thrown in. (Nudie vegetable dye jeans, $428.)
As jeans have become an increasingly acceptable component of business and evening wear, a wardrobe staple suitable for any occasion (including board meetings, if one happens to be Steve Jobs), out of place nowhere except, possibly, funerals, the appetite for premium jeans has grown beyond a cowboy's wildest imaginings.
"Ten years ago nobody had ever heard of the category," said Robert Burke, the fashion director of Bergdorf Goodman, the longtime supplier to the carriage trade. "Now that premium is a fashion staple, everyone is wondering one thing," Mr. Burke added. "How high is high?"
Some other obvious questions follow. What exactly are premium jeans? And why are they different from the millions of ordinary pairs sold all the time? How much of the premium denim phenomenon is hype and how much real value is there in obscure attributes like ring-spun denim, triple-needle stitching, bleach "whiskers," or special treatments that abrade, distress and generally torture a pair of trousers until it has achieved just the right luxuriantly ratty patina of something that has been dragged behind a truck? It is exactly features like these that customers use to justify denim at $200 and up.
"Everybody is into a particular brand, and everybody knows exactly what they're looking for," said Jamie Mazur, a founder of Underground Denim, a blue jeans road show that visits 50 campuses in 35 states each year selling Blue Cult, AG, Rock & Republic, Antik and other arcane denims to students who, Mr. Mazur said, "know all the brands" long before the Underground Denim trailer pulls into town.
"We just came from Duke University," Mr. Mazur said, "and everyone there was dying for True Religion."
True Religion of course is not an evangelical sect but a hot new niche jeans label. And niche, as John Seely Brown, a marketing expert who is a visiting scholar at the Annenberg Center at the University of Southern California, recently prophesied, is the future of consumer marketing.
Both the surfeit and the numbing sameness of goods on the market have conspired to produce a nascent cult of connoisseurship, experts like Mr. Brown say. In this new marketing sphere, even ordinary objects can be told apart by consumers whose extreme discernment becomes a subtle way of signaling status. Like Luis Buñuel's Tristana, Mr. Brown's new niche consumer can see three peas on a plate and know instantly which is the best.
"Every consumer decision now carries with it class and status implications in a way it didn't used to," said Barry Schwartz, the author of "The Paradox of Choice: Why More is Less" (Ecco Books, 2005). "As you add dimensions to goods, you add ways in which people can distinguish themselves." Thus is created a perpetual chase after status and cool.
"You can never relax," Mr. Schwartz said.
So it makes a perverse sense that a no-nonsense form of cotton work trousers should unexpectedly be transformed into an insider emblem of high style. Designed in 1873 by the Levi Strauss company as "hard-wearing work wear" for California miners, and available universally and cheaply for the next century, jeans in their latest "premium" incarnation are like the punch line to some elaborate Veblenesque joke.
There are pictures with this article , also Antik is mentioned and the 'True Religion' jeans that sell for &359.00 . Interesting
http://www.nytimes.com/2005/04/21/fashion/thursdaystyles/21denim.html?pagewanted=1&incamp=articl...
we'll see. good luck.
I agree. I think even with the reverse split this is a good long. You are buying in cheap to a hot market. I'm holding.
the san francisco chronicle this morning has a front page story about high priced designer jeans flying off the shelf---and mention antik and their $300 price tag especially. who knows?
o/k you still have not woke up to reality, the firm owns 5 mill shares at .01- all the " they want cheap shares"
does anyone have any shares cheaper that .01?
Keating was very responsible to the MJET shareholders.
No matter how you try and twist this, they tried to protect your investment.
when will these pie in the sky dreamers ever wake up?
Keating's response:
I guess he was right saying that at some point the o/s would be 700m, but what he did not tell me was the whole story behind the 700m. I am laughing at his "investor exhuberance" which got me to sell. As paulpaps said, I guess he dogged me.
boy that sure sounds like a speech I heard in a chatroom on Thurs. here's your News tonight.
(I guess all your post were right after all)
MJET: Agrees to Acquire Antik Denim for 843K Conv Pfd Shrs
Friday , April 15, 2005 18:59 ET
Marine Jet Technology Corp (OTCBB : MJET) reported that on April 14, 2005, Marine Jet Technology Corp., entered into an Exchange Agreement with Antik Denim, LLC, the members of Antik, and Keating Reverse Merger Fund, LLC. Under the Exchange Agreement, Marine will, at closing, acquire all of the outstanding membership interests of Antik from the Antik Members, and the Antik Members will contribute all of their Interests to Marine. In exchange, Marine will issue to the Antik Members 843,027 shares of Series A Convertible Preferred Stock, par value $0.001 per share, of Marine, which shall be convertible into 708,984,875 shares of Marine's common stock.
8-k out after close
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3401665
Guess you never heard of profit taking?
especially on a friday
Up 130+ % yesterday and down a measly 15% today. MM's trying hard to entice sellers, then they'll move it right back up so quickly, not allowing anyone to fill a buy. classic....
the weak get shook, the strong profit
MJET bagholders, you can thank the guys that took your cash and ran. they knew this was worth far less and forced people to believe otherwise. very sad, I hope you get some bounce and recover some of the loss-
reading mjet post #396 on ragingbull, the same skepticism of keating should apply to you. between some random poster on ih/rb who tells people not to listen to an investment company's president and the president of the investment company, whom do you think i'll listen to? however, the difference between what you have been saying and what anyone says is that the filing backs up the theory of dilution. even if we choose not to believe keating, why should we discount an sec filing? i ask again, where is there a 3.8% figure in the current share structure?
blue horseshoe, you need to reread his post. he wasn't stating that four investors were doing it. he was hypothesizing about a situation that could present a similar situation as what happened yesterday. reread his post.
if you think we're bashers, we are really bad at it. lol. you need to go through my posts and find the ones where i'm bashing the company. the only thing that i have said that may be construed as negative about the company is what i referenced in the filing and the email that keating sent me. by the way, i forwarded to you my email from keating yesterday. i have heard no response from you.
i have asked before and i'll ask again: can anyone provide a better explanation about the reference in the filing to the 3.8% figure post-merger? in the current share structure, where is there a 3.8% figure? keating addresses it, noting that there will be dilution to allow for that figure. where do you think antik will be getting their shares? do you think mjet is willing to let them go?
again, you may make money daytrading this stock prior to the merger. that is great. i'm happy for you. i just don't want to take the risk of holding my lot when the merger is finalized, and then having my shares be valued at pennies on my dollar investment.
Over 3.6 million in dollar volume yesterday, absolutely ridiculous if you suggest this was caused by 4 traders.
You're concerned with bag holders? Give me a break! If you don't know how the market works, here is a little lesson. For each person that makes money, five people lose. Go protect someone else. This is the OTC, if you think presidents, CEOs are up front and honest, you are very naive and have a lot of learning to do.
It's obvious Keating wanted to keep the priced suppressed, so someone can load up and the boom.
welcome to the board, more bashers the merrier :)
thanks for the spelling lesson (never too old to learn)
I have ZERO problem with MJET going to the moon. The problem is how it gets there, and how many bagholders it creates.
give me 4 traders with different brokerages $50k each- we all get on the bid with an AON and we could do this all day.
Nothing new here, old trick exposed.
trust me, i had my doubts yesterday when the stock spiked without news. i think those on the inside know when and if the merger will go through, and they are playing it as others are buying. their buying has fed the buying and so on and so on. it's a mutual effort between the average investor and those on the inside. at least, that is my opinion. otherwise, there is a lot of people who have shunned the filing, which implicitly states that mjet/antik will be greatly diluted. where else would antik get their shares? surely, mjet wants to keep their own. as much as i wish i had held on, i would be loath to hold the bag when the day of reckoning occurs.
by the way, it's funny that you spell 'exuberance' with an 'h.' i consider myself a very good speller, and until recently i thought it was spelled that way, too. i then questioned myself and doublechecked the spelling.
yes I have also received the msg from them, about "investor exhuberance" I have never seen a firm that was telling investors the facts about a deal, this shows me that Keating is a straight up firm- if SPEA never happened, the pump on MJET wouldnt have been possible-
i think the filing holds keating to his word. if mjet retracts the statement about the shareholders owning 3.8% of the outstanding sharecount post merger, there will be hell to raise. not only that, but he sent emails to people, stating that the stock will be diluted to over 700 million. if people played this stock yesterday, they better have sold enough to cover.
talk about give me a break? Keating has 5 million shares at .01 (read the filing) He was selling shares on Thurs NOT buying.
This was an orchestrated pump amd push, did anyone notice that there were sells going at UNDER the bid (up to .03 lower)
if you played the pump GREAT. If you hold thru the completion of the the merger, I hope you have backup cash.
This was a case of LEARN or BURN.
True True. I'm new at this whole game.
I think its kind of interesting how quiet things get.
Lesson is, don't listen to anyone!
except your charts.
President, CEO etc.. tells you to sell the stock and it rockets up. give me a break!
he bought all your cheap shares.
I still have a majority of my shares. I sold a portion at .36 yesterday. I origionally got in at 0.13.
Now i can confidently sit back and watch. My lesson was, if you doubt yourself do something to make you feel more confident.
Keating took it to all you weak hands hard!
you guys learn a lesson?
Just so i understand the math right.
28 mil currently
700 mil diluted
25:1 reverse split?
Thank you. I have read it and believe it to be true. But as you can see so far today MJET has a lot left to play before it is over.
I'm glad that the rest of these earning can be concidered profit for me.
Good luck to all.
lcde, it has been sent.
if you want to forward it:
tempdir at gmail dot com
Like I said I've sold enough shares to cover everything. Now I can sit at watch it without worries.
i can forward my email from kevin keating to you, lcde. as i said before, i don't know how much credence you want to place in a forwarded email that someone could fabricate. i was earnest when i said that keating told me by way of email that the outstanding share count would increase to over 700 million, but i understand why someone would be skeptical of receiving an email that could be fabricated.
I received a reply from hookiehead that stated the same thing from what i believe was Kevin Keating and it seemed like a blow off email. And I can see how Tim Keating might blow off the answer even more. That is mainly why i don't email him myself.
The email from hookiehead stated that everything we needed to know was in the 8k and that float won't be 700 million shares but total outstanding will be at least 700 million shares.
I just got out enough shares to get my money back. Now I can safely play pure speculation and all is profit.
lcde, i am not saying that you are a pumper. if you email kevin keating, you will see a marked difference between what blue horseshoe has stated keating to have said and what keating will tell you in the email. if you read bh's post #58, you will see that he emailed the wrong keating. i, too, emailed tim keating, kevin's son, and he (tim) said nothing except to read the filings. kevin keating, on the other hand, will for whatever reason blatantly state what will happen once the merger is finalized. according to kevin, the share count will exceed 700 million. once i read that, i got out. while i would like to play mjet for the swings that may come, there are better stocks to daytrade that don't have an impending massive dilution, or atleast one that a major player is fully admitting.
until blue horseshoe got personal in message #94, i was fine with him. he chose to take the low road and take a cheap and unwarranted shot. it was uncalled for. what bothers me more, though, is when someone appears to be disguising his actual position or intention. he stated that he contacted kevin keating, yet his "reply" is unlike mine. anyone who reads this may wonder whose response from keating is authentic. i say to discard both of our stances and go straight to the man himself: keating. his email is for shareholders to use. he responded promptly to my email. please, email kevin at kevin.keating@justconnnect.net. there is no good reason not to. it makes no sense to me why a shareholder or a prospective shareholder would not email such a vital player in a possible merger, especially when he will respond.
even if you don't email keating, which is absurd if one is a shareholder or a prospective shareholder, the 8k reveals what will occur after or at the time of the merger. if mjet is not diluted (per the 3.8% figure post merger), then tell me where the 3.8% figure is in the current share structure. i have found it nowhere, and no post i've yet read has found it either. also, it is not as though keating investments has not before massively diluted a company at the time of a merger. go to keating's website and check lmii. at the time of the merger, the stock was diluted and then had an 88-1 reverse split.
ok this is getting out of hand. No one is convincing anyone else about 3.8% and such.
goosemeister, i agree. If there is any doubt then we should email him or email info@keatinginvestments.com to get the email addy if there is any doubt (didn't notice the email in the pdf before). there is no reason to bicker to "pump" this stock. Personally I am waiting for more news when this merger looks less speculation. I feel that MJET has a few more ups/downs to go through before anything is closed. and yes, that is speculation.
As for being a pumper. I have nothing really to gain if this stock goes up. I am very very small time.
I don't want this board to start to look like ragingbull. There is too much bickering going on there and no real information is given. The same argument is given over there. I started this board so i wouldn't have to read accusations.
I say we take the emails and knowledge that we got ourselves and just share it with others so they can take it as they will. I have not emailed anyone myself and I'm not sure if i plan to. I would just like to keep the signal to noise ration high at this board.
Enjoy.
thank you. I saw that document, just didn't pay attention to the addys.
for those besides blue horseshoe who are attempting to understand the 8k, it is simple:
don't listen to anyone on these boards. email kevin keating at kevin.keating@justconnect.net, which is the email that is listed on keating's website at http://www.keatinginvestments.com/downloads/MJET_Profile.pdf .
either:
1) you cannot read the 8k for what it is
2) you don't want to email kevin keating to have the truth revealed
3) you are a pumper who is willing to say anything to promote the stock, which includes lying about being in contact with kevin keating.
anway...
EMAIL KEVIN KEATING AT KEVIN.KEATING@JUSTCONNECT.NET.
until you do, you will be considered to be another dime-a-dozen pumper who attempts to lure buyers into a dire situation.
obviously you cannot explain the 3.8% figure in the 8k without admitting that there will be massive dilution after or at the time of the merger.
Welcome to my ignore
blue horsheshoe, if you have never seen someone so persistent to bash a stock, you have not been around message boards for very long. one, i have not been bashing the stock. two, whatever negative things i have said about the company have been outweighed by the early positives. how have i been bashing the stock? i've merely mentioned what kevin keating himself told me by way of email. i've merely mentioned what is evident in the 8k. blue horseshoe, how do you explain the 3.8% figure in the 8k if it is not implicitly stating that mjet will be diluted? why don't you explain the 3.8% figure? where in the current share structure is there a 3.8% figure?
again, just email kevin keating at kevin.keating@justconnect.net. it's that simple. are you too dim to realize that a forwarded "email" could be made up? you say you won't believe what others post, yet you insist on hearing what others have to say. forget listening to me. email kevin keating. how many more times do i need to repeat that before it becomes imprinted in your brain?
keep it simple, stupid: email kevin keating at kevin.keating@justconnect.net, which is the email listed on keating's website. do you get it now?
You seem to make a lot of mistakes
Keating will no longer have controlling interest in MJET after the reverse merger takes places, Antik will. By purchasing the shell Antik will obviously acquire all the shares from Keating and what's not already issued and outstanding.
give it up...
I have yet to see you explain anything with any type of facts. All I read is speculation. Here is my email from Kevin, http://img157.echo.cx/my.php?image=keating5yk.jpg where is yours? You wouldn't be making it up, would you? I'll give you another opportunity to forward it to me. gordongekko@Gmail.com
I must say, you really must have no life if you hang around a message board of a stock you don't even own. I've never seen anyone so persistent to bash a stock. You bought the stock at .40, (post 17) you sold yesterday at a loss,(post73) move on. You just reiterate and reiterate the same speculation, with no facts.
dick, why do blue horseshoe and lcde continue to dismiss the importance of the 3.8% figure in the last 8k? i have yet to see them explain the figure in such a way that makes any sense. if they would simply email kevin keating, they would receive an email that so many other posters have received. even if they do not contact keating, the 8k spells out what will happen. if the current shareholders own a percentage of the outstanding shares that is far greater than what they will own after the merger is complete (per the 8k), is it not obvious that there will be massive dilution? then, if one of the goals of keating investments is to help companies become listed on a major board, won't mjet/antik then have to reverse split the stock? playing the stock for the swings prior to the merger is playing with dynamite if one knows what will happen after or at the time of the merger with antik.
My mistake on share count.
You are correct that there are 28,122,570 shares.
Since Antik holds none how many shares do you think need to be issued to Antik for them to hold 95.8% ?
Dick Milde
lcde, go to http://www.keatinginvestments.com/downloads/MJET_Profile.pdf if you are still skeptical whether kevin.keating@justconnect.net is his actual email address.
again, as i said before, just email kevin keating at kevin.keating@justconnect.net. as far as why kevin uses such an email address, i have no idea. lcde, it seems that you are skeptical that the email address is even his. if you don't trust me, go to http://www.keatinginvestments.com/downloads/MJET_Profile.pdf . at the bottom of the page, you will find the address i just mentioned. blue horseshoe and lcde, if you email kevin at this address, you will likely receive a prompt email that states that the share count will increase to over 700 million, as can be deduced by reading the last 8k.
i am not going to forward an email, considering that it is easy to create an inauthentic document. why listen to a poster whose intentions will always be questioned when you can hear it from the horse's mouth? i have directly communicated with kevin keating by way of email, which is something that any of you can do, so i have no further interest in being swayed by someone else's opinion. keating has been the only one with confidence to fully address exactly what the 3.8% figure referenced in the 8k. it makes perfect sense.
justconnnect.net?
why would someone own a high level domain name and use a different account for buisness.
http://img157.echo.cx/my.php?image=keating5yk.jpg
shows a tk@keatinginvestments.com
I'd be more inclined to use that. or simply info@keatinginvestments.com to get to the right person. Or hell... even call the office.
5251 DTC Parkway
Suite 1090
Greenwood Village, Colorado
80111-2739
(720) 889-0139
Fax: (720) 889-0135
Mapquest Link San Francisco
150 California Street
Suite 610
San Francisco, California
94111
(415) 433-1800
Fax: (415) 399-9704
you're assuming...
which means speculation.
I'm trying to find facts, not guess what's going to happen.
Here are the facts to prove your assumption wrong:
-The mjet profile states 45,000,000 common shares authorized. There has not been a filing increasing the authorized.
-The mjet profile states 28,122,570 common shares outstanding.
-The mjet profile states of those common shares outstanding, 21,306,500 are held by affiliates. Leaving 6,816,070 in the trading float.
Therefore, your assumption that current shareholders hold 21 million is wrong. Keating obviously has a controlling interest and those shares along with the shell will be purchased by Antik.
My email from kevin keating:
in picture form
http://img157.echo.cx/my.php?image=keating5yk.jpg
Interesting how Keating seems to disclose all this information to everyone, but me. Both Tim and Kevin told me nothing and i've proved that, yet the people claiming to have received this information cannot forward me the email.
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