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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (52816)	11/16/2013 2:00:14 AM
From: Spekulatius	Respond to of 78670

Re IDSA - i fail to see something positive in the fact that IDSA old man pays an extra ~200k to get rid of management, that was supposed to turn around or sell the company. I suspect the old man thinks, that this company is his baby, he regrets that he called in thr Blue equity - we don't know why of course, but i suspect there were disagreements how things were handled. Given the fact that IDSA has been mismanaged, I'd side with Blue Equity. Now, the entrenched management that drove this company downhill, is in charge again. I fail to see how this is good news.

To: Paul Senior who wrote (52816)	12/3/2013 12:10:12 PM
From: E_K_S	Respond to of 78670

Re: Industrial Services of America, Inc. (IDSA) Looks like Plan B is now in place . . . Industrial Services of America, Inc. Announces Management Services Agreement with Algar, Inc. The Management Agreement provides annual incentive compensation during its term equal to 10% of any increases in year-over-year pre-tax income. Also in connection with the Management Agreement, ISA has granted an option for a total of 1,500,000 shares of its common stock to Algar at an exercise price per share of $5.00. The issuance of such options is subject to shareholder approval and exercisability provisions based upon the Company’s performance. The December 2, 2013 closing price per share of the Company’s common stock on the NASDAQ Capital Market was $2.54. The Company will reimburse Algar for expenses incurred in performing its services under the Management Agreement, including salaries of executives and other employees. I would be happy at $5.00/share. Seems like a good incentive package, better than the previous agreement. EKS