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The course that has been demonstrated over these last 10-12 years has not changed, nor will it. Unless or until a law is violated.
These types believe they're much to smart to get "caught".
"Charting" a stinky pinky doesn't work! Sell on PR'S buy on the dips.
A much better approach!
After that phony, worthless Tully's (sic) bid was deemed, "not really solid" that tells me Barry is still a "flim-flam" man.
Here's a time line of ReelTime Pr's some may find instering!
Barry Henthorn Last Co. and the Misleading and fraudulant PRs
April 27, 2006 ReelTime Rentals has entered into a worldwide distribution deal with FC Films, Inc.,
April 24, 2006 distribution agreement with KPI, a leading independent television production company based in New York
February, 2007 have entered into an agreement for GNF to provide ReelTime with a series of extreme sports, music programs and podcast segments for streaming rentals on ReelTime
November 28, 2007entered into a multi-tiered agreement with Fun Little Movies, the specialist in mobile content distribution, to jointly offer made-for-mobile content to network operators worldwide. Their award-winning productions have been on HBO, Showtime, CBS, Playboy, MTV and Comedy Central. FLM via ROK will distribute ReelTime’s programs
June 26, 2008 ReelTime To Offer Video On Demand Rentals From The Walt Disney Studios
March 18th, 2008 joint venture with Laguna Productions to form a broadband-delivered Spanish language television and movie network
January 23, 2008 announced today that the Company has executed an agreement with Sony Pictures
End result of Barrys Misleading and fraudulant PAST PR What’s Reeltime All About? "What on earth does this site broadcast? Generic images flicker on the site, such as a family, some elephants, a sunset, a mountain? Initially I was wondering if this was a place for streaming video or was it just a generic clip art site?
5 Years in PreLaunch? According to Wikipedia and a citation is needed here the site launched in 2004. Yet now in 2009 a prelaunch notice is apparent on the ReelTime site. According to a review on Killer Startups from 2007 it appeared that ReelTime was focusing on movie rental, including HD movies, but that focus seems to have changed since.
This makes me wonder if the site is ever going to officially launch. It’s typical for innovative start-ups to jump around with ideas and try different things, but after 5 years it still seems that ReelTime still has not found its footing, as the rest of this review will highlight.
Looks official!
Judge: Tully's Coffee to go to Dempsey's group
Posted: Jan 11, 2013 8:00 AM PST Updated: Jan 11, 2013 5:30 PM PST
By DONNA GORDON BLANKINSHIP
Associated Press
SEATTLE (AP) - A bankruptcy judge has approved the sale of beleaguered coffee company Tully's to a group led by Patrick Dempsey.
The actor dubbed "McDreamy" in the "Grey's Anatomy" hospital TV drama had claimed victory last week after an auction.
But a company that teamed up with Starbucks Corp. to bid for the Tully's chain filed an objection Wednesday. AgriNurture Inc. said it was still willing to proceed with its combined bid with Starbucks of about $10.6 million.
The bid from Dempsey's company, Global Baristas LLC, was for $9.2 million.
At a hearing Friday afternoon, Judge Karen Overstreet said the auction was fair.
Tully's has 47 shops in Washington and California with more than 500 employees. It filed for Chapter 11 bankruptcy protection in October.
Seattle bankruptcy hearing to decide Tully's sale
Seattle bankruptcy court hearing to decide Tully's sale to Patrick Dempsey
Associated PressBy Donna Gordon Blankinship., Associated Press | Associated Press – 4 hours ago
http://finance.yahoo.com/news/seattle-bankruptcy-hearing-decide-tullys-155842577.html
SEATTLE (AP) -- The auction for beleaguered coffee company Tully's will likely conclude Friday in federal bankruptcy court, with an ownership group led by actor Patrick Dempsey in position to take over the chain. But Starbucks isn't' out of the running.
Dempsey — dubbed "McDreamy" in the "Grey's Anatomy" hospital TV drama — claimed victory last week after an auction.
But a company that teamed up with Starbucks to bid for the Tully's chain filed an objection Wednesday. AgriNurturenot BCCI as all who tried to spin Inc. says it's still willing to proceed with its combined bid with Starbucks of about $10.6 million. The bid from Dempsey's company, Global Baristas LLC, was for $9.2 million.
Tully's has 47 shops in Washington and California with more than 500 employees. It filed for Chapter 11 bankruptcy protection in October.
BH tried another sleazy move and it didn't work. More likely, caused more credibility problems than anything else. What POS run company!
Is my post "on topic" now. Thank you!
600K shares left this company. Not dilution IMO, just reality, after the fluffy Tully's deal!
Excuse me, "they have decent financials"?
The news paper articles posted as of this date suggest that weak financials was a large concern for the BK attorney representing Tully's.
My opinion, BH made a fairly significant studder step with providing a weak bid. The public how knows that bcci is not a Strong company.
Dunphy gets credit for the find. I
did a quick scan as you have done. Minerial-rite smells of 3 day old fish.
BCCI "may" beat its bottom!
Dunphy, rite sure has a "purddy" web page. Where's the beef?
RITE has a secret propitiatory extraction process, to "mine" tailings? Next they'll announce they can extract at a profit, Au from Fly ash!
HELL, "We" mine kitty litter! LOL!
Are you back in north central NV.
Be well!
Your post nails it, IMO!
It's all just a publicity stunt for BCCI.
Asus did have valid points, where as this Company has no value. rltr has lost, sold the source code. Unless the SC is on some portable HDD. Even so, the market has grown 20X rendering the SC obsolete.
I took a position, made a double, took 1/2 my investment off the table. The remaining shares are Dead. I bought ictn, it R/S 20/1 morphed into Baristas, another BH stock sale. If you follow bcci,it's classic Henthorn. So, I've burned 2.5 times. I should receive a free Passport to the Planet Stupider.
vats of bolts papercut radical snail smell
It doesn't matter how you and others try to "spin" the bid.
Nor will Baristas Coffee Company, which tried bidding $10.5 million for the chain but was not qualified as a bidder because of questions about the structure of its bid—which includes shares of the company’s stock—and about the company’s financial wherewithal."
You're splitting hairs! A portion of the Barista bid package was REJECTED. So, what part of the following parsed News article is not clear?
Nor will Baristas Coffee Company, which tried bidding $10.5 million for the chain but was not qualified as a bidder because of questions about the structure of its bid—which includes shares of the company’s stock—and about the company’s financial wherewithal.
2.6 Million traded today! Some one escaped from Bellevue?
That's your opinion! I don't see any legal document or a share holder vote. Also your GL conspiracy theory is just that.
BTW, Enablers? Huum! LOL
"WE" have no CEO! Just a few shady types, IMHO!
What's a Senior Market? TIA!
The following quote doesn't overwhelm with "commitment", kinda "fluffy" if I were to speculate.
Baristas Coffee, a Kent-based chain of “sexpresso” shops, also planned a bid.
Sorry, I don't share your enthusiasm, I think it a better chance that the BCCI bid package will not stand scrutiny.
Maybe you're correct as being #1 offer, ONLY if the offer is Solid and can stand scrutiny. One should ask the question, Where's the Financial statement that the BK court will ask to be submitted into the proceedings, and such statement prepared and verified by who?
Seems to me that information should be in the public domain, or at least a "non disclosure" agreement be made available, and be available to the public domain, if the tender offer is accepted!
"Prudent man" investor reasonable questions! Not a "bash at all".
Perhaps,this article should be read and understoodalone with the embedded caveats.
http://nrn.com/latest-headlines/new-bidders-emerge-tully-s
Interest in the assets of the Tully’s coffeehouse chain is heating up, with new bidders emerging just weeks before a Jan. 3 bankruptcy auction.
Baristas Coffee Company Inc., the Seattle-based operator of a chain of drive-thru “sexpresso” stands manned by attractive female baristas, said Tuesday it is making a $10.4-million bid for the assets of TC Global Inc., which filed for Chapter 11 bankruptcy in October.
Also unofficially throwing a hat in the ring is Tully’s founder Tom “Tully” O’Keefe, who stepped down as chairman of the chain in 2010. O’Keefe, who remains a shareholder, said he has been contacted by other potential buyers that have also expressed interest.
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Seattle-based TC Global Inc., which operates 47 coffeehouse locations under the Tully’s brand, with another 83 licensed or franchised, last month announced an asset purchase agreement with finance group Kachi Partners, which became the stalking-horse bidder in a bankruptcy auction scheduled for Jan. 3.
Under the deal, TC Global’s assets would be acquired by Jonah Retail Holdings LLC, an entity backed by Boulder, Colo.-based finance group Kachi Partners, for $4.3 million, including $1.25 million in cash. The deal includes a $200,000 “break up” fee if a higher bidder emerges.
The agreement and the bankruptcy do not impact the wholesale and online Tully’s Coffee business, which was purchased by Green Mountain Coffee Roasters Inc. in 2009. Complicating the auction, however, is a non-compete agreement with Green Mountain that could hinder a potential buyer that has a significant interest in a competing coffee brand, like Baristas.
Barry Henthorn, chief executive of Baristas, said he’s not concerned about the non-compete agreement because the bid for Tully’s assets is being made by a separate entity called Baristas Acquisition Partners Inc., which is backed by existing Tully’s and Baristas shareholders, other executives from the coffee industry, financial analysts, investment bankers, professional athletes and other investors.
In earlier court filings, the offer by Baristas Acquisition Partners was described as totaling $10.4 million in cash with assumed liabilities. Part of the offer would include $4.1 million in negotiable securities for secured and unsecured creditors, and $3.5 million in negotiable securities for TC Global shareholders.
Henthorn said Tuesday that the filing was made before the court had specified how bids should come in, and it will likely be revised, although, he added, “It will not be less than that.”
If the court accepts Baristas Acquisition Partners' final bid, Tully’s would be operated as a wholly-owned subsidiary of Baristas Coffee Company Inc., or BCCI. Under the proposed deal, Baristas said it intends to continue to maintain and operate the locations with existing employees under the Tully’s brand.
By combining management and supply chain resources, Henthorn projected that the combined entities will be more profitable. Operations from existing locations alone will generate more than $25 million in revenue and about $2 million in profit next year, he said.
The acquisition would also allow further distribution of other Barista products, such as a new line of ice cream the company is poised to debut, and other products in development.
Currently, the 11 locations of Baristas are all drive-thru locations. The company operates in Washington state, as well as Arizona, Texas, Florida and Montana. Henthorn said another 16 locations are expected to open before the end of the second quarter next year.
Meanwhile, Tully’s founder O’Keefe said he is also working on a bid, though he noted that other bidders have also contacted him with the hope of getting him involved.
O’Keefe, a real estate developer, founded Tully’s in 1992. Though retired from the business for three years, he said, “It deeply saddens me that it has come to this.”
O’Keefe may also be one of few potential buyers that understand the complex relationship Tully’s has with Green Mountain, which owns the brand’s wholesale business in North America, supplies the coffee used by Tully’s coffeehouses, and owns the rights to the Tully’s brand name, although the TC Global licenses it back for $1 per year in perpetuity.
“Whomever the new buyer is, they’re going to want to fully understand what they’re buying,” O’Keefe said.
The deadline for bids in the bankruptcy auction is Dec. 27. A hearing on the results of the auction is scheduled for Jan. 11, according to court filings.
Contact Lisa Jennings at lisa.jennings@penton.com.
Follow her on Twitter: @livetodineout
BCCI's tender office in the works of the BK attorney,"...the offer is a little weak". So, we'll see if BH and team will/can "beef-up" the offer so to obtain serious consideration. We'll see the 11th of January. The PPS is trending at 3 cents, not much support,IMHO.
As I've said before, BH and "baggage" may be to much.
I won't put another dime in a BH controlled company.
I didn't imply that at all. I was referring to "Save our Company" web site and the lack of current activity on the blog there in.
If the current share holders are making such a feeble attempt to keep Tully's from 363 auction, they're doing a crap job.
What do ya read into that?
The Tully's blog is up to date, August 2011, Smells of fish!
Carpet, BCCI has several Black eyes to overcome, not limited to the KIRO piece, Any future investor doing a reasonable DD will find heap a of negative performance by BH.
Not big enough to fit a swelled head.Unless one has a "PIN" head.
Would the New TP holder, qualify as "insider" info!
Hi janice, sound advice for the new "investor". But I would add that the NYSE and the NASDAQ is just as "scammy" as pink land,except those "players" are 10 fold more sophisticated. As I'm sure you're aware!
BTW: Feliz Navidad y feliz Año Nuevo
The perspective you speak of can be enlightening, while most is just noise and hurts! Most money grubbing Pumpers fall into the latter category. On the other hand, investment stratagems that relate to solid reporting companies can and is often rewarding.
This garbage on IHub is just that!
Yup! The ignore feature can put non worthy posters in the "weeds". Humm!
Ha, ha or LOL!
Park, Great rebuttal! Thanks! Simply put, what you're saying, is,"put a sock in it"?
YOU'RE "OVER THE TOP"!
There's definitely some "early" leaks to some on the BCCI board!
The Tully's "offer" is weak and today's fluff ice cream PR is almost identical to the prior ice cream PR of a few months past.
Label it how ever it floats your boat. If bcci is going to a dollar why then sell for penny's? If one realizes a dbl, take 1/2 of the the table and use other peoples money, is fine. I did so with ictn, BH R/S my shares 200/1. BH could give a rats arse about (sic) his investors.
You're getting to far ahead, a flimsy offer has been tendered. The BK attorney didn't put much weight to the offer. I'm sure the attorney had the complete offer, where we DO NOT. Today's sell off and loss of 34% in value speaks volumes.
Which Company and CEO do you refer to?