{"id":689,"date":"2007-07-19T20:31:53","date_gmt":"2007-07-20T03:31:53","guid":{"rendered":"http:\/\/www.carlsbadistan.com\/?p=689"},"modified":"2007-07-19T20:31:41","modified_gmt":"2007-07-20T03:31:41","slug":"orange-21-may-buy-no-fear-retail-stores","status":"publish","type":"post","link":"http:\/\/www.carlsbadistan.com\/?p=689","title":{"rendered":"Orange 21 May Buy No Fear Retail Stores"},"content":{"rendered":"<p>In a recent <strong><a href=\"http:\/\/home.businesswire.com\/portal\/site\/google\/index.jsp?ndmViewId=news_view&amp;newsId=20070719006177&amp;newsLang=en\" target=\"_blank\">press release<\/a><\/strong> Carlsbad-based <strong><a href=\"http:\/\/www.orangetwentyone.com\/\" target=\"_blank\">Orange 21<\/a><\/strong> (the parent company of <strong><a href=\"http:\/\/www.spyoptic.com\/\" target=\"_blank\">Spy Optic<\/a><\/strong>) has announced that it is in discussions with Carlsbad-based <strong><a href=\"http:\/\/www.nofear.com\/\" target=\"_blank\">No Fear Inc<\/a><\/strong><strong>.<\/strong> regarding the purchase of 40 No Fear retail stores. But there is one little glitch: <strong><a href=\"http:\/\/www.orangetwentyone.com\/phoenix.zhtml?c=187111&amp;p=irol-govBio&amp;ID=129954\" target=\"_blank\">Mark Simo<\/a><\/strong>, the Chairman and CEO of Orange 21 is also the founder, former CEO, a director, and stockholder of No Fear, so:<\/p>\n<blockquote><p>As a result of Mr. Simo&#8217;s position, the board of directors of Orange 21 established the Special Committee comprised entirely of independent directors to evaluate and recommend a course of action with respect to the possible strategic transaction.<\/p><\/blockquote>\n<p>Anyone want to take any bets on what course of action will be recommended by this &#8220;special committee?&#8221;<\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/home.businesswire.com\/portal\/site\/google\/index.jsp?ndmViewId=news_view&amp;newsId=20070719006177&amp;newsLang=en\" target=\"_blank\">Businesswire<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a recent press release Carlsbad-based Orange 21 (the parent company of Spy Optic) has announced that it is in discussions with Carlsbad-based No Fear Inc. regarding the purchase of 40 No Fear retail stores. But there is one little glitch: Mark Simo, the Chairman and CEO of Orange 21 is also the founder, former [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[8,7],"tags":[],"_links":{"self":[{"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/posts\/689"}],"collection":[{"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=689"}],"version-history":[{"count":0,"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/posts\/689\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=689"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}