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Maybe something is finally going to happen with this stock
Trading halt announced on Australian Stock Exchange.
Looks like good old PVHO might be ready to move again: http://ih.advfn.com/p.php?pid=nmona&article=57841067&symbol=PVHO
Glad you found this interesting. I would agree with the argument that there is a need for *some* amount of regulation, but more importantly these regulations need to be *enforced*. In the case of HTF, simply enforcing Reg NMS would stop a lot of the non-sense. For a good overview see http://www.nanex.net/Research/IsNBBOIgnored.html
The 2008 crisis is actually an example of what happens when state and federal government as well as regulations agencies are left to their own devices.
Everybody talks about the role that bankers played in that crisis, very few people take the time to understand the real root cause: a series of 'solutions' to inexistant problems, drafted by politicians (Reps as well as Dems) who never have to pay for the consequences of the retarded decisions they make year after year. If you really want to look at the big picture, grab a copy of "The Housing Boom & Bust" by Thomas Sowell (the revised edition preferably). Its an eye opener, even if Sowell has a tendency to repeat the same thing 3 or 4 times over the course of his book
Well said Sir. For those curious about the insanity going on these days in the world of HTF, you might want to check out nanex.net ...
A good entry point: http://www.nanex.net/aqck2/3532.html
And to understand who actually does make money on a $.0001 price difference: http://www.nanex.net/aqck2/3519.html
0.95 now climbing back up, but they killed it, this is mesmerizing to look at ...
I believe it depends if they decide to file for bankruptcy or not. If they do, then as part of the reorganization plan they may decide to cancel all existing stock:
http://www.sec.gov/answers/qadded.htm
Since it sounds like the main lenders bought all the assets, I'm not sure how filing for bankruptcy would help them since they'd be canceling the debt they owe to themselves ? But I'm far from being an expert so, don't quote me on that
I've been buying at these levels, but this is just a gamble on my part.
Also you might want to do some reading of the older posts of this board to get an idea of where the various posters come from.
Doulbing of AS coming ? Maybe I missed it, but I don't think anybody mentioned the Pre14A that was filed on 1/27/2012:
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8359480
From the filing:
" ...for the purpose of considering and taking action on a proposal to amend our certificate of incorporation to increase the number of authorized shares of common stock from 350,000,000 to 600,000,000. The Board of Directors of the Company has approved the foregoing proposal and recommends that the stockholders of the Company vote in its favor."
Thoughts / comments ? Anybody has current OS data ?
Thanks for your reply e-ore ... That's what I am thinking too, that there is a possibility the lenders want to just take over and then replace the management team and give another shot to trying to turn SPKL into a successful business. Now not matter what, somebody (whether it's the lenders or a new buyer) will own all the assets at the end of the day, and there are some successful and profitable restaurants operated today by franchisees, so I don't think the Spicy Pickle franchise itself will be killed, or could it ?
Assuming the franchise survives, the assets find a new owner who wants to keep the business running, then does filing for bankrupcy potentially make sense ? I understand that can result in all existing equity stock getting canceled when the company then later emerges from backrupcy, but this doesn't always have to happen ...
Aston: in any case, I don't think that Laramie & Co. are going to line their pockets with the proceeds from the assets sales ... I mean they ran SPKL into the ground, their stock options are worthless, all they can do right now is keep paying themselves salaries, but hopefully that won't last too long either.And the lenders are the ones first in line to get their loan money back.
Anyway, I'm not an expert so my questions might not even make a ton of sense, but I'm interested in hearing what others think or know based on past experience
Thank you for the input Mister Anybody else care to chime in ?
Actually the 8K says:
"The registrant closed six of its seven company-owned Spicy Pickle restaurants on February 6, 2012."
Now I'm one of those who took a beating, I'm cool with it, it's part of the risk of investing, but I'm wondering what to do next: I could just close my position and use the loss to offset gains elsewhere, or stick around (my remaining potential loss at these levels is small), and maybe even add to my position, which I could double of triple for not a lot of cash ...
I see the market cap today is around 700K and I'm trying to figure out what real worth of the company/franchise is ... Anyone who can provide input on this ? I mean the franchisee are still paying their monthly cut I assume, that's got to be worth something ... If someone buys all the assets with intention to turn the business around, what happens to the shares of common stock ? Same question if the company files for bankrupcy ?
There was a very similar type of action with ACTC back in early Dec 2010: great news came out, the stock plunged for a day or two and then popped 200% in the following few weeks (from about 8 cents to a high of 25 cents or so ...) An interesting lesson
Of course there is no guarantee this will follow the same pattern, but I thought I'd share the info as the same 'forces' might be at play here.
Just noticed the "Name The Pickle" contest on SPKL web site: http://www.spicypickle.com/namethepickle.html
If anybody is in a playful mood (or just has an idea to name the SPKL mascot), don't hesitate, looks like 1st prize is catering for a party of 20
You got to appreciate the irony: absolute blood bath on the market today and the Spickle is up 11% !!!
Go Spickle Go as our good friend Kngmaz would say (you've been quite silent recently dude, still hanging around ?).
Refreshed franchise section on SPKL web site If you haven't had a chance to do so yet, go look at the new information brochure and the great video here: http://www.spicypickle.com/sandwich-franchise/franchise.html
The new material is very professional-looking and polished, which would certainly create a positive first impression for prospective franchisees.
I hope Laramie and his team keep up the good work, and maybe 2012 will be the year when we all start to reap the benefits of the hard work that's been going on since the new management team came on board.
Not sure if you guys noticed but they rolled-out on-line ordering on the web site, which I think is a nice plus.
I guess this is the fork in the road type of time: either you think the story has run out of steam and don't believe the new management team can turn things around, so you cut your losses and move to something else, or you decide that SPKL still has the potential to become a successful franchise, and this is a great opportunity to lower your average share price and/or just accumulate ...
Decisions, decisions
GLTA.
Nice day today ... hopefully the start of an up cycle. One thing to keep in mind is that even if you don't believe in the business skills of the new mgnt team, they have a ton of options at 6 cents, and plans to increase the ISO pool by another 15 million shares, so they def have an incentive to drive the pps up
I agree with you, I just decided to place some amount of trust in the new management team. You got to try to trust *some* people in this world But I know the risks, so you won't hear me complain if things don't pan out.
Hey man,I know you're trying to be a cheerleader and all, but you should really calm down (maybe get back on your meds ). There is no new annual report, the 10-K for 2010 was filed on 3/17 ... What's new is a press release with some interesting comments by Laramie. To find it: got to the SPKL investor page http://www.spicypickle.com/our_story/investor.php then scroll down to Latest News and it's at the top of the list right now.
Oh and it's a sticky on this board too Thanks for adding it if you did it !
The next quarterly should arrive around mid-may ...
So again, thanks for the moral support, but just chill out cause you're hurting your board cred bro ...
R* and his cohorts are best simply ignored ... they've never been able to contribute any real information, they just write whatever serves their agenda of the day.
I agree with your sentiment, the new management team has potential, so does the concept. I'm not too exicted about the board proposal to create a new Incentive Stop Options pool of 15 million shares, I don't they deserve much more rewards right now, so I'll be sure to vote against that (which probably won't make much of a difference ).
I'm certainly keeping my bet on SPKL for now, curious to see what the next 24 months will bring.
Good Luck To All Honest Traders
The new 'Investor Relations' page is up: http://www.spicypickle.com/our_story/investor.php
Overall they've done a great job with the new web site, and I think that slowly but surely every area of the company is being brought to more professional and poslished standards. Who knows maybe 2011 will be year the SPKL beast awakes )) I think I'm going to grab a few more shares at the current levels ...
GLTA.
Great article, thanks for sharing ...
Anybody noticed the web site refresh ? Looks pretty nice, jazzy and fresh. I like that ... Hopefully a sign of good things to come.This one is going to require patience, but I like to think the new management team is going to prove its worth over the next couple of years. With the economy picking up and a very experienced CEO, the Spickle seems well positioned to get off the starting blocks (finally ...).
GLTA
I would love nothing more than for you to be right
And Happy Holiday season to you Sir Here's to hoping SPKL will finally wake-up for real in 2011 !
brick1981 offered some suggestions when we talked about this a couple of weeks ago: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57283736
If you ask me, I think they could have done w/o a name change, but hey, what do I know ?
Should a new message board be created or can this board be converted to reflect the name change ? Looks like if you search for TLON on IHub you can get the stock quote and it looks like a new board could be created, but keeping the history of this board would be nice ... Not having much experience with this sort of things, I was wondering what the rest of the crowd thinks
Yep, kind of scratching my head on this one: what's the point besides it being a nice way to waste a few tens of thousands of dollars (or more) redoing the website, the signage, the letterhead, business cards and all that crap ... You'd think they could think of better use of the cash they have in hand. Anyways ...
ACTC, some great news this morning: http://ih.advfn.com/p.php?pid=nmona&article=45341212&symbol=ACTC
Sweet piece of news: Provision 3D Displays Named 2010 New Product Innovation of the Year by Frost & Sullivan.
Maybe this is going to bring us a bit of added visibility
http://www.tradingmarkets.com/news/stock-alert/frsu_pvho_pvhoe_provision-3d-displays-named-2010-new-product-innovation-of-the-year-by-frost-amp-sullivan-1314594.html
Rock on ! Sweet and all ... now can all these high caliber professionals roll up their sleeves and get to work to make us rich finally ?!?!? Come on boys, time to earn your keep ...
Thanks for taking the time to share your thoughts on this, very much appreciated ...
Yep I hear you it can be frustrating, would be nice to see some action before the end of the year, but we might have to wait till 2011. I'm thinking it will be worth the wait though when the time comes
Hopefully the Pincus boys are in it with a somewhat long-term horizon in mind ... There was an interesting post recently that gave some insight into what their investment could mean, and some background on them:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55629035
I haven't verified any of the stuff mentioned in that blurb though, so to take with a grain of salt as usual But imagining that Pincus is a semi-decent investor, and that they decided the HNAB pipeline looked good enough that they would put their cash on the line, it's not too far fetched to imagine that they think they can brink HNAB back to the Nasdaq (where it comes from initially: they got delisted on 9/10/2009).
Some of you guys might want to take a look at SPKL (disclaimer: I'm long on that one), as there could be an opportunity for a play as we climb back to where we belong (20+ cents at the minimum). The ask is very thin and it's up +28.57% right now on just over 120K shares of volume so far today ...
SPKL is actually a real company (no seriously, a real real one ), with restaurants, revenue, etc and stuck in the Pink Sh*ts world at the moment but hopefully not for much longer ...
9 cents baby, yoohoo !!!
I hear you man, and I'll be glad if you are right ... It's just that you always show up absolutely unabated enthusiasm, which makes it sound like you are just a slightly mad hatter on occasions (no offense meant, see Alice in Wonderland, I think you're a good guy ). May your predictions come true !
Yep, nice little run so far today Let's keep it up !