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They cant, you are right. Ever since they went 11 everything they do is under the court. I guess that is why things look like they are going so well.
The stores are filled with new merchandise, the parking lots are full and the staff seem really happy.
I think Hacketts will survive.
No, I dont think so, the stores look great, they are very busy and the parking lot at the Burg store seem full all the time.
I think they have pulled this one out of the fire and turned it around.
And today we ended up in the green again!
Yeah, and P&C just went chapter 11 and they are in the same area here in upstate NY.
It happens all the time.
The Hacketts chain looks good. The new Canton store is busy and the Ogdensburg store is really busy.
I am not Tom and I assume you are not a basher.
Unlike Tom, I actually live near and shop in the Hackett stores.
LOL
So true, we shall see.
This is from the Watertown Daily Newspaper
Hacketts in Ogdensburg providing free WiFi service
FRIDAY, DECEMBER 18, 2009
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OGDENSBURG — Hacketts has started providing free wireless Internet access at its store here, and officials hope to bring the capabilities to the Canton and Massena stores next year.
Patrick Hackett Hardware Co. President and Chief Operating Officer Herbert L. Becker said he decided to provide the free WiFi because of customer demand.
The store here has a small restaurant and coffee shop, and Mr. Becker said he hopes the additional service will bring in new customers and encourage infrequent ones to stop by more often.
Well, P&C is also in Chapter 11, so what?
Chapter 11 is reorganization and that is what both there North Country businesses are doing, they are trying to reorganize.
LOL
For those of you who have never been to the store, they have a great coffee shop and that is where the WiFi is located.
This is great for our neighborhood.
It will be a big draw to Hacketts I am sure.
The new management really knows what they are doing.
Great news
http://www.northcountrynow.com/business/featurestories/full-story.asp?uid=4803&area=Local+Business
Hackett's trying free Wi-Fi in stores as a draw
Thursday, December 17, 2009, 12:36pm
OGDENSBURG -- Hackett’s says it is responding to growing demand for free Wi-Fi service as their Ogdensburg store will be the first in its chain to have the service beginning this week.
The Ogdensburg-based retailer is hoping to rejuvenate sales. The store chain fell on hard times as the bank credit crunch took its toll on the company’s ability to sustain itself during the economic slowdown. It filed for bankruptcy and has been forced to close most of its stores. But it has also recently worked to reopen in Canton.
Hackett's President and CEO Herbert Becker said that with the growing ubiquity of Wi-Fi devices, including handhelds and laptops, they have been looking forward to extending the service to customers.
"We said, let's go with free Wi-Fi. We talked to customers and asked what they wanted to see, and they really wanted us to go free. You don't need a lot of focus groups to find that out, and we take what customers say seriously," Becker said.
"We'll appeal to customers who visit us already, the folks with a Wi-Fi device, who want a cup of coffee and to visit."
The chain plans to expand the free Wi-Fi service to all stores over time, Becker said.
Hackett’s says analysts are predicting that free or nearly-free Wi-Fi will grow in other venues, with such things as sponsorship deals that could catch on with major corporations hoping to sow goodwill and brand recognition.
Great news
http://www.northcountrynow.com/business/featurestories/full-story.asp?uid=4803&area=Local+Business
Hackett's trying free Wi-Fi in stores as a draw
Thursday, December 17, 2009, 12:36pm
OGDENSBURG -- Hackett’s says it is responding to growing demand for free Wi-Fi service as their Ogdensburg store will be the first in its chain to have the service beginning this week.
The Ogdensburg-based retailer is hoping to rejuvenate sales. The store chain fell on hard times as the bank credit crunch took its toll on the company’s ability to sustain itself during the economic slowdown. It filed for bankruptcy and has been forced to close most of its stores. But it has also recently worked to reopen in Canton.
Hackett's President and CEO Herbert Becker said that with the growing ubiquity of Wi-Fi devices, including handhelds and laptops, they have been looking forward to extending the service to customers.
"We said, let's go with free Wi-Fi. We talked to customers and asked what they wanted to see, and they really wanted us to go free. You don't need a lot of focus groups to find that out, and we take what customers say seriously," Becker said.
"We'll appeal to customers who visit us already, the folks with a Wi-Fi device, who want a cup of coffee and to visit."
The chain plans to expand the free Wi-Fi service to all stores over time, Becker said.
Hackett’s says analysts are predicting that free or nearly-free Wi-Fi will grow in other venues, with such things as sponsorship deals that could catch on with major corporations hoping to sow goodwill and brand recognition.
Sorry, do your own dd.
I am trying to keep it civil on this board and if someone posts something and states it as a fact, it is up to that poster to show proof, it is not up to others to refute it.
If what was said was true, and I doubt it, then there would be clear evidence of it somewhere. I asked for that evidence and when it was proven to be nothing more than a bashing, it was removed.
Since you say he broke a law, it is your job to post the proof by quoting the law. Since you did not do that, your post has been removed.
For the I-box, it was updated already.
Under what law, exactly, is it illegal?
Can you site your reference for this broken law please?
Yeah, that does not answer what you were claiming.
LOL
Let me get this straight, you think that every time SEVA stock sells that Tommy boy makes money?
Do you really understand how the stock market works?
LOL
How much did they sell for?
seva
I dont get it, did they explain it to you?
Where is the link for this Zecco information? I cant find any mention of SEVA on the Zecco site.
We swing from green to red in the blink of an eye.
Yeah, I have learned it the hard way and never again.
Too much worthless paper in my hands.
I am not so sure, I have seen investment in the past in BK companys.
I just think there might not be any MM on here.
I dont have level 2 so I cant say.
Anyone with level 2 able to answer?
RPT, yeah, I was just wondering the same thing.
There have been a couple of strange small buys/sells but no real volume here.
From the Watertown newspaper
http://www.watertowndailytimes.com/article/20091118/NEWS05/311189977
I am not defending anything or anyone. I am only working with facts.
I lost my own investment and do what I can to keep the board and the I box as clean as I can.
Let me get this straight, you are dumping on management for getting evicted and closing a store and you are dumping on management for reopening a store.
You need to check it at the door. Opening the Canton store is good news. The Gouverneur store was always a dog. It was an ugly ole wisebuy store. They should have closed it last year.
Why do you think those things are obvious?
You talk a lot but you dont spend time looking at the facts.
Did you bother picking up the phone to check on your "facts"?
Listen, we are here to make money and if that is the goal, then why spend time complaining about what was or what should be?
Just my ten cents.
Jim
Why dont you get a hold of him and ask him yourself.
315 393 6101 is the phone number listed on the web site.
Give him a call and then give us the report.
NEWS OUT
Hackett's Stores, Inc. Releases Update
OGDENSBURG, NY -- (Marketwire) -- 11/17/09 -- Hackett's Stores, Inc. and subsidiary, Patrick Hackett Hardware Company (PINKSHEETS: HCKI) ("Hackett's"), and chief executive officer Herbert Becker issued the following update to its shareholders today:
Dear Shareholders:
While Hackett's management wrestled with the decision of whether or not to seek the protections afforded to it by our bankruptcy laws, it became clearer over the past several weeks that Chapter 11 would be the cleanest and quickest path to repositioning Patrick Hackett Hardware Company in the marketplace and distancing itself from the devastating blow that Wells Fargo dealt it by forcing the repayment of $5.5 million over a six month period. And while most of Hackett's vendors and creditors realized and appreciated the difficulty these actions placed upon Hackett's, certain others had unrealistic expectations on the timing of the repayment debts owed. While Hackett's and its parent company, Seaway Valley Capital Corporation (PINKSHEETS: SEVA), had already successfully negotiated settlement agreements with numerous vendors, negotiations with each and every vendor and creditor, which number in the hundreds, was simply unrealistic.
Management feels that this period will provide our subsidiary, Patrick Hackett Hardware Company, with a window to restructure its debts, streamline its costs, and position itself for eventual emergence from Chapter 11 while spending the majority of its time and efforts focused on operations and rebuilding the company.
While management works towards emergence, the company will continue to look towards the future. Management has already begun:
-- The reopening of the original Canton store;
-- New merchandise for the Christmas season throughout the chain;
-- The continued development of the website;
-- Increased focus on customer service.
I look upon this not as a crisis, but as an opportunity to "begin again now." I look forward to bringing our company into the next generation, and I invite all our neighbors to stop by one or more of our stores. I am certain you will be delighted.
Safe Harbor Statement
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements.
These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
NEWS OUT
Hackett's Stores, Inc. Releases Update
OGDENSBURG, NY -- (Marketwire) -- 11/17/09 -- Hackett's Stores, Inc. and subsidiary, Patrick Hackett Hardware Company (PINKSHEETS: HCKI) ("Hackett's"), and chief executive officer Herbert Becker issued the following update to its shareholders today:
Dear Shareholders:
While Hackett's management wrestled with the decision of whether or not to seek the protections afforded to it by our bankruptcy laws, it became clearer over the past several weeks that Chapter 11 would be the cleanest and quickest path to repositioning Patrick Hackett Hardware Company in the marketplace and distancing itself from the devastating blow that Wells Fargo dealt it by forcing the repayment of $5.5 million over a six month period. And while most of Hackett's vendors and creditors realized and appreciated the difficulty these actions placed upon Hackett's, certain others had unrealistic expectations on the timing of the repayment debts owed. While Hackett's and its parent company, Seaway Valley Capital Corporation (PINKSHEETS: SEVA), had already successfully negotiated settlement agreements with numerous vendors, negotiations with each and every vendor and creditor, which number in the hundreds, was simply unrealistic.
Management feels that this period will provide our subsidiary, Patrick Hackett Hardware Company, with a window to restructure its debts, streamline its costs, and position itself for eventual emergence from Chapter 11 while spending the majority of its time and efforts focused on operations and rebuilding the company.
While management works towards emergence, the company will continue to look towards the future. Management has already begun:
-- The reopening of the original Canton store;
-- New merchandise for the Christmas season throughout the chain;
-- The continued development of the website;
-- Increased focus on customer service.
I look upon this not as a crisis, but as an opportunity to "begin again now." I look forward to bringing our company into the next generation, and I invite all our neighbors to stop by one or more of our stores. I am certain you will be delighted.
Safe Harbor Statement
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements.
These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
It is a single image and there is no way to get someone or something out of the image.
The mission statement is the one given by the company, it is not wrong, we just dont agree with it.
Yeah, you want real info and you offer this??
Dont waste my time.
I removed what seemed incorrect and if I have time, I will start putting up new info.
Anyone wants to help with true, verifiable information with links, then post it here and it will make my job go faster.
Hey guys, I happen to have a life outside of these pinky's!
If you want to make up a list of changes for the I-box I will see about getting to it or splitting it up with my fellow mods.
So quit complaining and make up your requests.
This one has a lot of detail
http://www.pressrepublican.com/breakingnews/local_story_314172243.html
I think that the BK will be posted on line somewhere and then we will see what it is all about.
Why are you still expecting BK?
They do it because it is part of the law. If you dont like it, complain to the SEC and have them change it. It is a state law and one that the SEC simply ignores.
Reverse Stock Splits
A reverse stock split reduces the number of shares and increases the share price proportionately. For example, if you own 10,000 shares of a company and it declares a one for ten reverse split, you will own a total of 1,000 shares after the split. A reverse stock split has no affect on the value of what shareholders own. Companies often split their stock when they believe the price of their stock is too low to attract investors to buy their stock. Some reverse stock splits cause small shareholders to be "cashed out" so that they no longer own the company’s shares.
A company’s board of directors may declare a reverse stock split without shareholder approval. Although the SEC has authority over a broad range of corporate activity, state corporate law and a company’s articles of incorporation and by-laws govern reverse stock splits.
If a company is required to file reports with the SEC, it may notify its shareholders of a reverse stock split on Forms 8-K, 10-Q and 10-K.
http://www.sec.gov/answers/reversesplit.htm
I hope not. But right now, I think my stock has been all wiped out.
I cant get any info from my brokerage firm and my online account shows a negative balance of stock.
Hey, I think I might owe money to Seaway now.