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John from Danskin called me back, I have to get out of the computer lab at school, so I'll explain what we talked about when I get home in about 30mins.
Heck ya, from what little the ICON CFO could tell me, this will be worth much more. Still trying to contact DANS!!
Should test .40, very soon!
Assuming a company like ICON is interested, I would assume DANS financials will be pretty impressive. Not to mention Danskin is famous for dancewear everywhere! Still trying both companies, has anyone had any luck contacting them?
DANS..movin back up!!
Imagine how fast this will grow, when ICON money is backing things. READ the PR....HUGE!!
I'm in the process of contacting both companies. Waiting for a return phone call. This is HUGE!!
DANS...being bought by ICON(current pps $22)
ICON -- Iconix Brand Group, Inc.
Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Iconix Brand Group Announces Definitive Agreement to Purchase Danskin(R) Brand
NEW YORK, Feb 22, 2007 /PRNewswire-FirstCall via COMTEX/ -- Iconix Brand Group, Inc. (Nasdaq: ICON) ("Iconix" or the "Company") today announced that it has entered into a definitive agreement to purchase the brand Danskin(R) from Danskin, Inc. ("Seller" or "Danskin"). The transaction is anticipated to close in March 2007.
Danskin is a 125 year-old iconic brand of women's active wear, leg wear, dance wear, yoga apparel and fitness equipment. The brand is sold through better department, specialty and sporting goods stores, and through fifteen freestanding Danskin boutiques and Danskin.com. Danskin also has a partnership with Wal-Mart Stores for its "Danskin Now (R)" brand of apparel and fitness equipment.
The purchase price for the transaction will be $70 million with a contingent payment of an additional $15 million, payable in cash or stock, triggered by the brand exceeding certain revenue and performance targets. The acquisition will be self-funded from the Company's cash reserves.
Iconix has also announced that, as of the closing, it will enter into a license agreement with the Seller, to continue to operate the Danskin(R) wholesale business including the freestanding retail stores. Carol Hochman, President and CEO of Danskin, and her team will continue as Iconix's licensee to grow the Danskin department and sporting goods store business.
Neil Cole, Chairman and CEO of Iconix commented, "Danskin is one of the most established and recognized active wear brands in the world and we are thrilled to add it to our portfolio and to be partnering with Carol and her team as our licensee. Upon closing, this acquisition will further our diversification strategy by giving us a strong presence in the rapidly growing active wear, yoga and fitness market. We are also excited to have the opportunity to work with Wal-Mart on 'Danskin Now(R).'"
Carol Hochman, CEO of Danskin commented, "We have made a lot of progress expanding this great brand and implementing our multi-channel distribution strategy but the missing ingredient has been the marketing strategy and investment needed to complete our vision. The Iconix team has exciting plans for Danskin(R) and I am looking forward to working closely with them to grow the business."
Additional details of the Danskin acquisition will be addressed on the Company's fourth quarter and 2006 year end earnings conference call scheduled for Tuesday March 6, 2007 at 10:00 am EST. The transaction is subject to customary closing conditions including clearance under the Hart-Scott-Rodino Anti Trust Improvements Act of 1976 as amended and Danskin stockholder approval.
Iconix Brand Group Inc. (Nasdaq: ICON - News) owns, licenses and markets a growing portfolio of consumer brands including CANDIE'S (R), BONGO (R), BADGLEY MISCHKA (R), JOE BOXER (R), RAMPAGE (R), MUDD (R), LONDON FOG (R), MOSSIMO (R) and OCEAN PACIFIC (R). The Company licenses it brands to a network of leading retailers and manufacturers that touch every major segment of retail distribution from the luxury market to the mass market in both the U.S. and around the world. Iconix, through its in-house advertising, promotion and public relations agency, markets its brands to continually drive greater consumer awareness and equity.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. The statements that are not historical facts contained in this press release are forward looking statements that involve a number of known and unknown risks, uncertainties and other factors, all of which are difficult or impossible to predict and many of which are beyond the control of the Company, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Such factors include, but are not limited to, uncertainty regarding the results of the Company's acquisition of additional licenses, continued market acceptance of current products and the ability to successfully develop and market new products particularly in light of rapidly changing fashion trends, the impact of supply and manufacturing constraints or difficulties relating to the Company's licensees' dependence on foreign manufacturers and suppliers, uncertainties relating to customer plans and commitments, the ability of licensees to successfully market and sell branded products, competition, uncertainties relating to economic conditions in the markets in which the Company operates, the ability to hire and retain key personnel, the ability to obtain capital if required, the risks of litigation and regulatory proceedings, the risks of uncertainty of trademark protection, the uncertainty of marketing and licensing acquired trademarks and other risks detailed in the Company's SEC filings. The words "believe," "anticipate," "expect," "confident," "project," provide "guidance" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward looking statements, which speak only as of the date the statement was made.
Contact: David Conn
Executive Vice President
Iconix Brand Group
212.730.0030
Joseph Teklits
Integrated Corporate Relations
203.682.8200
SOURCE Iconix Brand Group, Inc.
CONTACT: David Conn, Executive Vice President, Iconix Brand Group, +1-212-730-0030; Joseph
Teklits, Integrated Corporate Relations, +1-203-682-8200, for Iconix Brand Group,
Inc.
URL: http://iconixbrand.com
http://www.Danskin.com
http://www.prnewswire.com
www.prnewswire.com
I could be wrong, but if it's payed in stock, could we possibly get ICON stock? The O/S is obviously very small, even if it's 70million that would be $1?? Not sure if I'm correct, trying to put the pieces together in a hurry!!
The purchase price for the transaction will be $70 million with a contingent payment of $15 million, payable in cash or stock, triggered by the brand exceeding certain revenue and performance targets. If paid in Iconix stock and the stock appreciates during the earnout period, or thereafter, the Company could earn up to an additional $7.5 million.
ACMG,GLXI,DANS!!!!! ALL HUGE NEWS TODAY!!
ACMG -- Alcar Chemicals Group, Inc. (The)
Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Alcar Chemicals Group Inc. Announces Details of Acquisition Offer by the South East Asia Consortium, Named Siam Renewable Energy Group Ltd.
MONTREAL, Feb 22, 2007 (MARKET WIRE via COMTEX) -- Alcar Chemicals Group Inc. (PINKSHEETS: ACMG) announces today the details contained in the Letter of Intent for the acquisition of a controlling interest by Siam Renewable Energy Group Ltd, signed in Thailand by the companies on February 16, 2007.
According to the company, the LOI contains the finalized terms and conditions for the gradual acquisition of 55% of the company by Siam Renewable Energy Group Ltd. in exchange for the investment required to build the company's initial polyol plant in Canada to fulfill its existing $160 million contractual commitments and to implement a minimum of four full scale ethanol plants with a projected capacity of 1M gal per day each.
The LOI includes milestones involving the investment, disbursements of funds, construction of the plants as well as provisions for the return to Dr Cavasin of his shares now held in escrow and the coinciding issuance of restricted shares to Siam Renewable Energy Group Ltd.
The company stated that the agreement specifies an initial investment by Siam Renewable Energy Group Ltd of $7.2 million dollars to complete the company's Canadian plant and scale up engineering.
The initial investment will be made in the form of a convertible loan, which can be converted at a price of $1.00 per share for a total of 7.2 million shares carrying a two year restriction. Under the convertible loan, no payment on principal and or interest will be required for a period of 24 months and the loan will automatically convert upon the completion of the Canadian plant and scale up engineering.
In addition, Siam Renewable Energy Group Ltd. is granted 7.2 million purchase warrants on each of the four following years for which the exercise prices are shown in the table below. Siam Renewable Energy Group Ltd will receive Dr Cavasin's 68 million shares now placed in escrow as security to the convertible loan and said shares will be returned to him over the next four year period as milestones towards the implementation of the four ethanol plants are met.
The total investment planned as per the letter of intent is $282 million, which includes the financing of the first of four ethanol plants to be constructed by Alcar.
The issuance of a proportional amount of restricted shares to Siam Renewable Energy Group Ltd will reflect the final structure under which Siam Renewable Energy Group Ltd will own 55% of the company's outstanding shares, which will coincide with each milestone related to the release of Dr Cavasin's shares.
The following table demonstrates how the overall value of $2.05 per share is calculated with the structure agreed upon under this agreement.
Present 2008 2009 2010 2011
PPS paid (investment + warrants) $1 $1.5 $3.5 $5 $10
Total Net Projected Investment $282M
Total amount of shares acquired 36M shares
Total amount of shares to be issued 101.5M shares
Final share count held by investor 137.5M shares
Overall consideration paid per share $2.05
Supporting calculus 282/137.5=2.05
Table: Projected investment structure and value.
The company anticipates the initial trench of investment funds will shortly be placed in escrow and that a definite agreement reflecting the terms and conditions outlined in the LOI will be signed within the next few weeks.
About Siam Renewable Energy Group Ltd.
The Siam Renewable Energy Group Ltd. is a privately owned corporation formed by an environmentally conscious consortium of technology funds, private investors and venture capitalists to implement renewable solutions across South East Asia by filling the constantly increasing demand for energy with environmentally sound technologies such as the one offered by Alcar.
About The Alcar Group
The Alcar Chemicals Group (PINKSHEETS: ACMG) represents a significant market opportunity due to a serious worldwide supply shortage of raw materials for polymers as well as an increased requirement for ethanol and biodiesel. ACMG has been concentrating on innovative methods for biomass (forestry waste, agricultural waste and non-food crop) valorization for the past decade, specifically petroleum-independent fuel and plastics resin production. Its proprietary technology represents today's most economical and advanced manufacturing process for plastic raw materials, ethanol and bio-diesel, allowing production at cost savings of up to 40% when compared to current production methods.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Investor Contact:
Steven Sung
IR@alcarchemicalsgroup.com
SOURCE: Alcar Chemicals Group
CONTACT: mailto:IR@alcarchemicalsgroup.com
Copyright 2007 Market Wire, All rights reserved.
-0-
SUBJECT CODE: Energy and Utilities:Oil and Gas
Chemicals:Plastics
This is huge, it was also PR'd by Iconics...there current pps is $22!!!
Doing DD on the company buying DANS and their stock is worth $22 a share. (Iconix)
ICON -- Iconix Brand Group, Inc.
Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Danskin, Inc. Announces Definitive Agreement to Sell its Intellectual Property to Iconix Brand Group, Inc.
NEW YORK, Feb 22, 2007 /PRNewswire-FirstCall via COMTEX/ -- Danskin, Inc. (OTC:PK: DANS.PK) ("Danskin" or the "Company") today announced that it has entered into a definitive agreement to sell its Danskin(R) intellectual property, to Iconix Brand Group, Inc. ("Iconix"). The transaction is anticipated to close in March 2007. The transaction is subject to customary closing conditions including clearance under the Hart-Scott-Rodino Anti Trust Improvements Act of 1976 as amended and Danskin stockholder approval.
The purchase price for the transaction will be $70 million with a contingent payment of $15 million, payable in cash or stock, triggered by the brand exceeding certain revenue and performance targets. If paid in Iconix stock and the stock appreciates during the earnout period, or thereafter, the Company could earn up to an additional $7.5 million.
As part of the transaction, Danskin will enter into a license agreement with Iconix to continue to operate the Danskin(R) wholesale business, including its freestanding retail stores and its internet merchant site, Danskin.com.
Donald Schupak, Danskin's Chairman said "The transaction will provide capital for growth of the Danskin(R) wholesale business and, at the same time, monetize its intellectual properties, enhancing opportunities to increase shareholder value. Carol Hochman and her team have done an exceptional job expanding this great brand and implementing a multi-channel distribution strategy in a markedly undercapitalized environment. In addition to providing working capital, Iconix marketing support will help complete the Company's vision for the Brand."
Danskin, Inc. (OTC:PK: DANS.PK) is a 125 year old iconic brand of women's active wear, leg wear, dance wear, yoga apparel and fitness equipment. The brand is sold through better department, specialty and sporting goods stores and through its own freestanding Danskin boutiques and its internet merchant site Danskin.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. The statements that are not historical facts contained in this press release are forward looking statements that involve a number of known and unknown risks, uncertainties and other factors, all of which are difficult or impossible to predict and many of which are beyond the control of the Company, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Such factors include, but are not limited to, uncertainty regarding the results of the Company's acquisition of additional licenses, continued market acceptance of current products and the ability to successfully develop and market new products particularly in light of rapidly changing fashion trends, the impact of supply and manufacturing constraints or difficulties relating to the Company's licensees' dependence on foreign manufacturers and suppliers, uncertainties relating to customer plans and commitments, the ability of licensees to successfully market and sell branded products, competition, uncertainties relating to economic conditions in the markets in which the Company operates, the ability to hire and retain key personnel, the ability to obtain capital if required, the risks of litigation and regulatory proceedings, the risks of uncertainty of trademark protection, the uncertainty of marketing and licensing acquired trademarks and other risks detailed in the Company's SEC filings. The words "believe", "anticipate," "expect", "confident", "project", provide "guidance" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward looking statements, which speak only as of the date the statement was made.
Contact: John A. Sarto
Executive Vice-President and Chief Financial Officer
Danskin, Inc.
212-764-4630
Margaret B. Pritchard
SVP Business Development, General Counsel and Secretary
Danskin, Inc.
212-764-4630
SOURCE Danskin, Inc.
CONTACT: John A. Sarto, Executive Vice-President and Chief Financial Officer, or Margaret B.
Pritchard SVP Business Development, General Counsel and Secretary both of Danskin,
Inc., +1-212-764-4630
URL: http://Danskin.com
http://www.prnewswire.com
www.prnewswire.com
Copyright (C) 2007 PR Newswire. All rights reserved
**********************************************************************
As of Sunday, 02-18-2007 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated an UPTREND on 12-01-2006 for ICON @ $18.37.
For more information on Comtex SmarTrend® Alert, contact your market data provider or go to www.CSTADirect.com
SmarTrend is a registered trademark of Comtex
GLXI....HUGE PR!!!
GLXI...tomorrow will rock the market!!! Just the beginning!!! MUCH MORE TO COME!!!
Thought I was beginning to hear crickets on this thread, but then noticed it was the sound of resting LOCUSTS!!! Here's to tomorrow. GL everyone!!!
Y'all are some crazy SOB's...LMAO. A little red never hurt any one. Tomorrow is another day. Let those who want to sell be, we don't need to worry about the small chit. GLTA
I guess the locusts where only in this for the run...VERY DISAPPOINTING!!!!!
I picked up a few at .195, but they wouldn't bring it to my buy at .17!!! All I know is I'm ready for tomorrow and FRIDAY!!!
GLXI>>Tomorrow and Friday>>>HUGEEEEEEE
BIG NEWS
Where are all my boys at??? Come on locusts, let's polish off GLXI!! Tomorrow and Friday will be great. Let's SWARM THIS BIOTCH!!!!
So did all of the other locusts PUSS out today!!! Let's swarm this BIOTCH!!!
Klon, are we in for a TREAT TOMORROW???????
I agree, tomorrow will be great. With very BIG news expected this week, this is just the beginning. All of you who bought and are down now, you'll be just fine. Watch and enjoy. Let's have some fun tomorrow!!!
Klon, thank you for your honesty. I definitly understand why you would have to lighten your load a little. That many shares would be almost impossible to get rid of all at once and I know you do not want to tank the stock. VERY RESPECTABLE!! I trust that the news coming up will make this wait well worth it. GLTA tomorrow.!!
YUP! I tried to tell people the mm's weren't going to lay down peacefully. They will do whatever they can to keep this back. If we have GREAT news they will have no choice but to let'r run...IMO
Huge volume???? 2.5 mil is huge volume!! We will know when we have huge volume and those who sold are called DT's!
WTF: Since when did this become the FCCN board? I love FCCN just as much as the next guy, but I think the mods need to clean up the board...JMO
I agree a 100%. There were people who's sole purpose of buying Friday, was to sell this morning. Those people are out and a nice up trend should follow the next few days....IMO. Even if we finish red, doesn't change the company.
Well, if we get the news that we are anticipating, I truly believe that .22 will be considered a great entry point. If those who own the largest amount of shares where currently worried about the pps, we would all know. Today was a product of impatient people. The whole point of this group is not to be the typical p&d group, yet I'm some what disappointed in peoples attitudes. This group is suppose to be patient..right? We are finding valueable companies and making them known, not for a day or two. What the company produces in the coming days will be the determining factor in which way we head....my bets on NORTH!! GLTA
Well, I'm not sure why people wouldn't be excited about today. We finished green and we have big things coming in future DAYS!! GREAT DAY! Talk to y'all in the evening! LATER
Well, I'm not sure why people wouldn't be excited about today. We finished green and we have big things coming in future DAYS!! GREAT DAY! Talk to y'all in the evening! LATER
GLXI...another amazing week ahead!!
We've gotta big GAPPPPPPEERRRRR!!!
What's up everyone, looks like everyone (myself included) is very excited for Tuesday. Next week will be sweet, but time to enjoy the weekend. Later
Great day today.....talk to y'all in the PM!!
GLXI...about to go into the .20's!!!
911 at .18 WHEEEEE!!
Not in this, but this news is amazing!!
TAIYUAN, China, Feb 16, 2007 /Xinhua-PRNewswire-FirstCall via COMTEX/ -- Beicang Iron & Steel Inc. (OTC Bulletin Board: BEIC) (''BEIC'' or the ''Company'') announced today that following an announcement from Taiyuan Iron & Steel (Group) Company Ltd. (''TISCO'')( http://www.tisco.com.cn ) concerning the increase in the total output volume of stainless steel products again from 1 million tons to 3 million tons after the increase in its production by 1.5 million tons annually, the Company believes that this increase will result in a significant increase in its own revenues. BEIC is a China-based iron and steel raw materials supplier that supplies ferrochromium alloy, among other products, to TISCO.
TISCO, the largest stainless steel producer in mainland China, currently ranking 8th worldwide, produced 6.26 million tons of steel in 2006, generating US$6.6 billion in sales revenue and US$859 million in pre-tax profits. TISCO has previously announced that in September 2006, it began increasing its production of stainless steel by 1.5 million tons annually, which will increase its output of stainless steel from 1 million tons to 3 million tons. As a result, annual sales revenue is expected to reach US$ 10.1 billion.
TISCO's increased output is expected to bring a strong market demand for the raw material. TISCO is one of the largest clients of Pinglu County Changhong Ferroalloy Co., Ltd (''PL''), which annually has provided most of its 400,000 tons of ferrochromium alloy products to TISCO. BEIC, through its wholly owned subsidiaries, provides exclusive management, consulting and other general business operation services to PL in return for a service fee which is equal to 95% of PL revenue, less operational cost and fees.
Mr. Hou Beicang, Chairman of the Board of Directors and CEO of BEIC, stated, ''Currently, the Chinese iron and steel industry is facing a shortage of raw material supply. This situation will worsen as a result of TISCO's, proposed significant increase in its production capacity. Demand of ferrochromium alloy is expected to increase to 600,000 tons annually; whereas BEIC's current annual production capacity of ferrochromium alloy is only 40,000 tons. We intend to enlarge PL's production capacity to take advantage of this opportunity presented by TISCO's proposed increased production.'' If PL is able to increase its production capacity to meet this demand by TISCO, the results should prove beneficial to BEIC's financial performance in 2007.
About Beicang Iron & Steel Inc. ( http://www.bcironsteel.com )
BEIC is a Nevada corporation that is a public reporting company in the US. It is focused on providing elementary refined raw materials to iron and steel enterprises. The main products of the Company include pelletized ore and ferrochromium alloy products, which are essential for iron-making and stainless steel production. The Company produces pelletized ore and ferrochromium alloy through its two subsidiaries in Shanxi province, P.R. China, Fanshi County Xinyu Iron Resource Co. Ltd. (''FS'') and Pinglu County Changhong Ferroalloy Co. Ltd. (''PL''). These two companies are currently operated by Bestlink Management Consulting Co., Ltd (''Bestlink''), a wholly owned subsidiary of Beicang. PL and FS have been capable of annual production capacity of 400,000 tons of pelletized ore and 40,000 tons of ferrochromium alloy, respectively. For more information about BEIC, please visit http://www.bcironsteel.com .
Safe Harbor Statement
Check out BEIC...WOW!!
Let's get GLXI over .18...smooth sailing from there!!