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HKFIQ BK PLAN effective. All shares cancelled at 8:27 A.M.:
http://otce.finra.org/DLDeletions
HANCOCK FABRICS, INC., et al.
Case No. 16-10296 (BLS), U.S. Bankruptcy Court for the District of Delaware
Important Notice Regarding the Sale of Your Personal Information and Your Right to Opt-out
Dear Valued Hancock Fabrics Customer:
As you may be aware, Hancock Fabrics declared bankruptcy in February 2016 and has initiated a liquidation process.
We are excited to share with you that the legacy of Hancock Fabrics will continue, as the Bankruptcy Court has approved the sale of the on-line business of Hancock Fabrics, Inc. and its affiliated entities to Michaels Stores. Today, Michaels operates more than 1,200 stores across the United States and Canada. Michaels also maintains a strong on-line presence and warmly welcomes the customers of HancockFabrics.com to its growing family. With Hancock Fabrics, Michaels now looks to build upon Hancock’s great reputation for providing quality fabric and notions to customers across the country. More information about Michaels can be found at http://www.michaels.com.
As part of the sale, Michaels is purchasing Hancock Fabrics’ customer databases. The Hancock Fabrics Privacy Policy provides that the company “will not share any personally identifiable information with any third party without your consent.” Under this Privacy Policy, you have the right to opt-out of the sale and the transfer of your personal information to Michaels, and of receiving future e-mail or mail communications from Michaels.
You may elect to opt out by:
Clicking here;
Sending an e-mail to Hancock’s noticing agent at HancockOptOut@kccllc.com, providing the information necessary for Hancock to identify you in its database and process your opt-out election (such as (as applicable) your name, email address, street address and telephone number);
Calling Hancock’s noticing agent, Kurtzman Carson Consultants, LLC, at (866) 967-0494 (toll-free) or, if calling from outside the United States or Canada, at (310) 751-2694; or
Mailing to Hancock Fabrics, Inc. Opt-Out Processing Center c/o Kurtzman Carson Consultants LLC, 2335 Alaska Ave., El Segundo, CA 90245, providing the information necessary for Hancock to identify you in its database and process your opt-out election (such as (as applicable) your name, email address, street address and telephone number).
If you opted in to receive promotional emails from Hancock Fabrics, you may also receive promotional emails from Michaels unless you opt out of having your information conveyed to Michaels.
If you have questions please email hancockfabricsinfo@kccllc.com or call (866) 967-0494 (or, if calling from outside the United States or Canada, (310) 751-2694) for customer service.
We thank you for your past patronage and join Michaels in welcoming you into the Michaels family.
Sincerely,
Hancock Fabrics, Inc. and its affiliated entities
Yikes, 2 million shares on the ask at 0.0022. That's a big holder and either they know something, or are trying to manipulate. We are only a couple weeks away from the court date.
Debtors I think doesnt mean common share debtors. It means all the companies that the borrowed money from or borrowed fabrics and product items. They could of had 100 million bucks worth of fabric from a Chinese co that they own to. 200 million credit line from some financing co.
common shares are call common for a reason. they are the last peasants to get money if something goes wrong.
"Hancock Fabrics filed with the U.S. Bankruptcy Court According to the Disclosure Statement, "The Plan provides that, among other things, the Debtors' current Board of Directors will be succeeded by the Responsible Person, who will be appointed by order of the Bankruptcy Court to oversee the post-confirmation Estates and make judgments concerning winddown matters and Rights of Action. The Debtors intend to select Mr. Joseph Marchese as the Responsible Person….Approximately 1,730 proofs of claim (secured and unsecured), asserting claims totaling more than $738 million against the Debtors' bankruptcy estates (the 'Estates'), were submitted….The Debtors' current estimate is that total allowable General Unsecured Claims will range from $100 million to more than $109 million after reconciliation; however, it is possible that the actual allowed General Unsecured Claims may vary significantly from this range." The Court scheduled an April 5, 2017 hearing to consider the Disclosure Statement."
Bankruptcy almanac
seems like a fraction claim holders are getting and those are prob perferred or some other people who get the money before common imo
Ha yeah right. if the filings said that this would be over a buck now. how do u figure 100 mil to shareholders?
Seems like $100 million going to shareholders
No wonder they are going BK. Read the reviews on this place. I think I may have gone at one time or another but rather go to Michaels. When you got crappy employees then no one wants or will shop at your store. they could at least fake it like most other people. I do hate azz kissing stores. and i dont like fake people but they dont have to be rude.
funny how over the years stores like Home Depot or Lowes or Target wont help you to save their life. Then hard times hit and no people are buying and they start putting out azz kissers all around in the store.lol Well lowes and home depot they actually run from you if you make eye contact.
Where is this from?
Are we looking at a good run coming?
Anybody notice the 2M bid at 0.001? Has been there for a while now.
Also, same manipulation (100 shares into the bid) is happening that happened before the run last Christmas. Maybe someone is trying to load again for another pump?
Gotcha. Thanks for the info.
@DarthTraderWins is on twitter talkin about Micheals Stores buying out Hankock
Ahhh, thanks for the info
someone on twitter is pumping it
Not sure. Haven't seen any news or a pending discharge so not sure what brought the volume on today.
What is up with HKFIQ? Are the common shares to be cancelled soon?
I didn't. I got on the computer just too late to grab the 3s. Was putting in the order and then they were gone. Then missed them again in the afternoon due to a meeting.
Did you grab any today on the dips? I tried early this AM but was driving and finally pulled over to do so but wasn't in time. Ended up getting a few 006's though.
Keep selling guys. Hell, knock it down to .00000001 while you're at it.
This is the time to buy guys or at least put in a bid just over the current bid and see if you get hit.
Yes, that's another one really moving this week.
Check out CDVIQ!!!
Would take little volume today to see a 300-500% rise. HKFIQ
Let's see what happens tomorrow. There must be a reason why all of all days this Monday they had to have a high volume of about 3 million when the last 3 months they be averaging 150k. Maybe insiders know something we don't know? I went to their website it says coming soon beautifully created by Michaels.
It's all about momentum. These plays go in streaks. A few weeks back all the marijuana related tickers were in play and soaring. Now the past couple days all the bankruptcy Q tickers are flying. In a week or so it will be a new sector. You just have to go with what is "Hot" at the moment and then move where the crowd goes next.
im just not understanding how this can have so much volume with no news today and for months no movement. whats going on in here?
i wonder if this will go up as high as .40 cents like SARA! Imagine! i might buy some tomorrow when it opens.
Yes and some massive movement.
100k bidding 01 now. That is 3 times more than there is on the total ask side of L2.
Huge 500% swings and almost nothing to the upside on level 2
josh why do u say that? looks like Michaels bought them out couple months ago and nothing has changed and there is no room. I feel like its more a pump and dump? nothing has changed in the news.
This will be the next SARA run. Don't miss out!!!!!!
https://www.barchart.com/stocks/quotes/HKFIQ/opinion
barchart says buy! hmmm
ETRF has been slowly moving up on the bid
Good did you see the news yesterday
I wonder what will happen with the shares
HKFIQ Should be interesting to see if they retire the ticker and how soon.
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SAVING YOU MONEY -- Eerie, but economical: Spooky costumes, decorations don't have to cost a lot
Oct 18, 2008 (Muskogee Phoenix - McClatchy-Tribune Information Services via COMTEX) -- EDITOR'S NOTE: One in a series on helping readers save money.
Don't let high prices and economic problems scare you out of having a happy Halloween with your kids.
You can find all sorts of inexpensive ways to dress up or decorate -- and many of those things can be found right in your closet, area experts say.
All it takes is imagination and time.
"Try to utilize items you already have," said Muskogee County Family and Consumer Science Extension Educator Virginia Stanley. She listed several costume ideas that require only old clothes, fancy scarves or out of style duds.
"You can be a scarecrow, a pirate, a 1950s sock hop teen," she said. Frugality-oriented Web sites have all sorts of costume ideas, she said.
Do-it-yourselfers can find fabric and accessories at Hobby Lobby, Hancock Fabrics and other stores.
Pam Moulder, manager of scrapbooking at Hobby Lobby, said people can use all sorts of fabrics for costumes. For example, tulle, gauze and cheesecloth can make an eerier ghost than a sheet.
Chris Moreno, who works in the store's fabric department said people also can make costumes out of flannel and felt.
"People buy a lot of shimmery fabric such as lame," she said.
Though it helps to know how to sew, people can easily assemble costumes using fabric glue, Moulder said.
"There is a lot you can glue together," she said. "It's only going to be worn one night. Take fabric and slap it together."
Moulder said people also can make creative and inexpensive costumes with, of all things, balloons.
"You can be a bag of jelly beans with multi-colored balloons or a bunch of grapes with purple balloons," she said. "Just get a bag of balloons, blow them up and attach them to a trash bag or sweat suit."
Hobby Lobby also has inexpensive accessories such as hats for pirates, cowboys and witches, she said.
People also can save money by doing creative things with face paint and adult makeup, especially makeup that has been out of fashion.
Halloween haunting, decorating and treating can get expensive. The National Retail Federation's Halloween Consumer Intentions and Actions Survey, conducted by BIG research, said the average person plans to spend $66.54 on the holiday, up from $64.82 one year ago. Of that, they likely will spend $24.17 on Halloween costumes for adults, children, even pets; $18.25 for decorations; $20.39 for candy and $3.73 for greeting cards. Total Halloween spending for 2008 is estimated to reach $5.77 billion.
People also can save on decorating by using at-hand items, Stanley said.
"You can make a scarecrow with old jeans and an old shirt," she said. "Make the head out of a paper sack and stuff it with leaves."
Rachel Lockwood, Wagoner County Family and Consumer Science Extension educator said people can make all sorts of things with black trash bags, "from bats to goblins."
People not into Halloween can decorate for fall with items from nature, she said. "They can collect leaves, acorns or nuts."
That saves money in another way because people can keep such decorations up after October, she said.
We want your ideas
Do you collect coupons? Do you buy store brands or insist on name brands? If you have money saving ideas, contact Cathy Spaulding at 684-2928.
Spooky savings
--Use clothes or items you already have, such as animal print pajamas or old hand-me-downs.
--Buy costumes that can be used for other purposes, such as a princess dress for a party dress.
--Or reuse a party or "flower girl" dress for a princess or baby bride dress.
--Check online auctions of second-hand stores for costume ideas.
--Let your kids decorate an old gallon ice cream bucket to carry their Trick or Treat loot in.
--When all else fails, there's always the bed sheet ghost with holes cut out for eyes. Avoid plaid and floral prints or fitted sheets.
--Mismatched old clothes, or oversized clothes, plus creative face makeup can make a cute clown or hobo.
Sources: www.thriftyfun.com, reporter's experience.
Web sites for costume ideas
--www.thriftyfun.com
--www.childfun.com
--frugalfamilies.com
Reach Cathy Spaulding at 918-684-2928 or Click Here to Send Email
To see more of the Muskogee Phoenix or to subscribe to the newspaper, go to
http://www.muskogeephoenix.com. Copyright (c) 2008, Muskogee Phoenix, Okla.
Distributed by McClatchy-Tribune Information Services. For reprints, email
tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax
to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave.,
Suite 303, Glenview, IL 60025, USA.
Cathy Spaulding
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