Replies to post #3093 on Xcel Brands, Inc. (XELB)

[56Chevy]

Sneaky stuff XELB...$5MM Private Placement sale of common stock.

Separately, on June 7, 2013, Xcel completed a $5 million private placement of its common stock. Threadstone Partners LP acted as the placement agent. These transactions are part of the Company's continuing efforts to decrease net leverage, which includes the Company's settlement of $1.4 million of future payment obligations and the reduction of $6.3MM of contingent obligations in December 2012, and provides Xcel with additional working capital and flexibility for future growth.

http://ir.xcelbrands.com/releasedetail.cfm?ReleaseID=782799

Not cool Xcel... when you bury significant material info like this inside another PR it looks like you're hiding something ":~O