| To: Tom Hua who wrote (2657) | 11/16/1998 10:45:00 PM | | From: Tom Hua | | | | |
Update on price comparison. Kmart offers a single price of $13.99 for all titles on the chart (post # 2657). Kmart beats out Ktel handily on price. |
| | K-Tel (KTEL) Have the cheesy '70s records come to an end? | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (2) |
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| To: purecntry5 who wrote (2664) | 11/17/1998 12:26:00 AM | | From: randy | | | | |
It's my lucky day after trying for 5 days straight my short order was filled this morning at $17. I wish I had got in sooner like some of you at 20-30 but I'll take it. This one has got to be a sure bet to go down. See ya at $5 maybe lower!!!!!!! |
| | K-Tel (KTEL) Have the cheesy '70s records come to an end? | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
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| To: Tom Hua who wrote (2666) | 11/17/1998 12:40:00 AM | | From: randy | | | | |
The best price I have found on the Net is $10.99 for all CD's (super low) with compactconnection.com the symbol is TSIG. I am short on KTEL but long on TSIG. The stock price has started to move a little the last few days check it out.Also they have a telemarketing service to follow up with any problems. |
| | K-Tel (KTEL) Have the cheesy '70s records come to an end? | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
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| To: Anthony@Pacific who wrote (2670) | 11/17/1998 11:27:00 AM | | From: Pravda | | | |
KTEL's real deal with Playboy
From the 10-Q:
"In accordance with the agreement, the Company is required to make guaranteed monthly payments totaling $900,000 over the initial two year contract term that will be used to offset royalties to Playboy Enterprises, Inc."
Yes, I am short KTEL.
Pravda |
| | K-Tel (KTEL) Have the cheesy '70s records come to an end? | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (2) |
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| To: craig crawford who wrote (2672) | 11/17/1998 11:35:00 AM | | From: TokyoMex | | | |
Better dump it ,,
K-Tel Faces Delisting by Nasdaq, Says It Will Seek Hearing
K-Tel Faces Delisting by Nasdaq, Says It Will Seek Hearing
Los Angeles, Nov. 17 (Bloomberg) -- K-Tel International Inc. said it's been notified by the Nasdaq stock market that it fails to meet the minimum tangible net asset requirement for trading on the national market and faces delisting.
The Internet music retailer requested a hearing before the Nasdaq listing qualifications panel to obtain a temporary extension to the requirements and a chance to raise additional capital to meet them. ''There is no assurance the company will be successful in its attempt to remain listed on the Nasdaq stock market,'' the company said in its quarterly filing with the Securities and Exchange Commission.
In the first fiscal quarter ended Sept. 30, K-Tel's loss widened to $3.1 million, or 37 cents a share, from $1.2 million, or 15 cents, a year earlier. It had negative cash flow from operations of $4.9 million in the period.
The company said it had $72,742 remaining in a revolving credit line on which it had already borrowed $5.2 million.
The company said ''it expects to be out of compliance with the tangible net requirement (of the credit line) until the company achieves the necessary level of profitable operations, obtains an equity placement infusion or further modifies the covenants.''
It said it had amended some covenants on the credit agreement and had received waivers on others.
Minneapolis-based K-Tel's stock rose 1 to 18 5/8 in mid- morning trading. It had been has high as 21 1/4 earlier. |
| | K-Tel (KTEL) Have the cheesy '70s records come to an end? | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (2) |
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