By using this site you agree to the following Terms of Use. Jaclyn was trading at just above $6 on December 21st. I personally use 6 months as a rule of thumb for most of these going private transactions from the date of first filing. The proxy indicated that the vote date would be May 7, 2008. This alone increased the attractiveness of this opportunity, since I would be able to take advantage of this opportunity in a tax efficient way and with lower expenses (no costly stock certificate mailing needed). 2 1. Jaclyn was trading at just above $6 on December 21st. Maywood, NJ 07607 J C Lyn. Members of Contributor’s Corner wanted to know if anything had happened. Copy the link to this page and share it with your friends. 14 2. Normally, I would buy 249 shares in this situation, but I didn’t have enough cash in the account at the time to do that. These custodial accounts for tax purposes cannot take physical delivery of shares. Save my name, email, and website in this browser for the next time I comment. Special situation stocks and value investing. Thankfully, none of the members of Contributor’s Corner reported this problem (probably since I warned them). Jaclyn distributes throughout the United States in general merchandise chains and department stores and small retail stores. Jack. 1 0. RAT. I got the shares for $7.65 per share, and my total cost was $1,536.95. Morphe. 1 0. I find that the risk that the going private transaction will be cancelled is somewhat reduced if you wait until an actual vote date is announced for the proposed going private transaction. The Company also manufactures apparel items such as loungewear, sleepwear, dresses, footwear, and lingerie. On the next trading day, December 24, 2007, shares of Jaclyn had jumped to $6.75. 19 6. Then in February, Jaclyn issued another preliminary proxy. Jaclyn has 6 variant forms: Jackleen, Jacklyn, Jacklynn, Jaclynn, Jakleen and Jaklyn. Jackie. At this point I thought the rewards were starting to outweigh the risks associated with this going private transaction. This usually occurs during the next phase of the going private transaction when the definitive proxy is filed. On the next trading day, December 24, 2007, shares of Jaclyn had jumped to $6.75. Pay Your Fine Online; Fire; City Hall; Elementary School; Commission Meetings; Amish Country; History; Upcoming Events; Alexandar Field/Park; Contact; SPECIAL MEETING called for Thursday night, November 5th at 6:00 pm at Ethridge City Hall. Add to Bag . Required fields are marked *. It’s been a while since I’ve detailed my experience with one of these going private transactions, so for many of my newer readers this will be informative. Your email address will not be published. I decided it was time to act. This was then to be immediately followed by a forward split where each share would again become 250 shares. Companies are not required to reduce the number of street name holders when going private, they only need to have less than 300 holders of record (where the shareholder’s name is actually on the stock certificate). Submit your funny nicknames and cool gamertags and copy the best from the list. Directed by Lawrence Doheny. Learn how your comment data is processed. The market also was thinking the same thing, and the price of shares climbed from below $7 to over $8. This come out to a total return of 32.9%. Made familiar by actress Jaclyn Smith. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Holders of less than 250 shares before the split were to receive $10.21 in cash per share. Given the turmoil in the credit markets and my past experience with going private transactions, I decided to not rush into this opportunity. He also noted that the company estimated it would cost approximately $1,916,000 to complete the transaction, so with $769,000 on the balance sheet at the time, Jaclyn would only need a bit over $1 million in credit. A comment left by member of Contributor’s Corner early on noted that the executive chairman, chairman, president, and vice chairman, who combined control 50.9% of the stock, intend to vote FOR this deal. In total, I held these shares for just 49 days. Jaclyn was going to need credit to complete this transaction and it often seems that these companies underestimate the potential number of shares they will have to cash out. Members of Fat Pitch Financials Contributor’s Corner have been tracking my research on this company since it first announced its desire to go private back in December of 2007. 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Members of Contributor’s Corner were getting pretty excited about this deal. With Kate Jackson, Farrah Fawcett, Jaclyn Smith, David Doyle. MORPHE X JACLYN HILL JH35 UPPER … On May 7th, positive signs started appearing. * Share this page. MORPHE X JACLYN HILL JH34 CARVE YOUR CREASE B... £8. Morphe. I put in a limit order and bought 200 shares. 4 3. We use cookies. By May 9th, most members noticed that the Jaclyn entry at their brokerage accounts changed. Some of the newer members were concerned that this deal looked too good and might contain risks that they weren’t considering. Your email address will not be published. Add to Bag . Morphe. £14. Copy the link to this page and share it with your friends. Add to Bag . A delisting noticed appeared in the SEC filings for Jaclyn. JACKO. Jaclyn proposed to go private by conducting a reverse split where 250 shares would become one share. For more information, see also the related name Jacqueline. The next question I started to receive was about when the last possible date would be to aquire shares and still get cashed out. Then just a few days later, Jaclyn issued a definitive proxy for the going private transaction. Simplified spelling of Jacquelyn. Given that their bank increased their credit line to $3 million in order to purchase shares, it looked like Jaclyn had both the votes and money to complete this going private transaction. Nicknames, cool fonts, symbols and tags for Jaclyn – Jackie, Jac, Jay, Jack, RAT, JacAttack. Pay later with Free shipping over ... MORPHE X JACLYN HILL JH15 KNOW YOUR ANGLES BRUSH. Buying shares after the vote date can be a real gamble unless the company clearly indicates what the exact effective date will be. Add to Bag . Copy link. Create good names for games, profiles, brands or social networks. On April 3th, the price of Jaclyn shares declined by 15%. Nicknames for Jaclyn. 10 4. Thankfully, Jaclyn stated in their preliminary proxy that they intend to treat stockholders holding their common stock in street name in the same manner as record holders. Given the turmoil in the credit markets and my past experience with going private transactions, I decided to not rush into this opportunity. Jax. There were some early positive signs that this going private transaction would go through smoothly. Now you know why I like going private transactions so much. In total, there were 33 comments regarding Jaclyn in Contributor’s Corner. Jaclyn, Inc. designs, manufactures and markets vinyl, leather, and fabric handbags and accessories in casual, travel, and sport styles. 0 0. Lynn. This nickname maker is designed to create username for Jaclyn or to generate many other things, such as business name ideas, domain names of the website e.t.c. For my initial $1,536.95 investment, I made $505.05. This site uses Akismet to reduce spam. MORPHE X JACLYN HILL JH33 UNIVERSAL BLENDER B... £8. But the Angels put their vacation on hold due to the kidnapping of a politician that Sabrina idolizes. View the profiles of people named Jaclyn Pay. If you also find yourself attracted to these type of opportunities, consider joining Fat Pitch Financials Contributor’s Corner where you can review current opportunities and study past deals. I first started tracking Jaclyn after it made its initial going private transaction filing and preliminary proxy on December 21, 2007. Read more – Cookie Policy. For the past few months I’ve held shares of Jaclyn Inc. in the Special Situations Real Money Portfolio. 2 1. Disclosure: I no longer hold a position in Jaclyn (JCLY). It was just Mr. Market getting nervous that there hadn’t been any news. 638 Followers, 1,467 Following, 1,175 Posts - See Instagram photos and videos from Jaclyn♡ (@jaclyn_annn) Some of the more experienced members and myself noted that it would probably take 6 months or longer for this transaction to complete. MORPHE X JACLYN HILL JH32 TRANSITION BLENDER ... £8. The main risks for me at this point concerned whether Jaclyn might decide not to treat street holders the same as record holders or even decide to shelf the deal due to the market environment at the time.

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