Sentences with phrase «cash liquidation value»

We last estimated the net cash liquidation value at around $ 34M or $ 1.14 per share.

AVGN has been sold for its net cash liquidation value plus $ 3M from MediciNova.

MediciNova and Avigen currently contemplate that the terms of the merger would provide that Avigen shareholders receive consideration approximating Avigen's net cash liquidation value plus $ 3 million.

Not exact matches

An individual's value to his creditors at time of filing a consumer proposal comprises his assets valued at liquidation (auction) pricing (that may be a garage sale for your furniture and household goods, the wholesale cash buyer for your car, or the pawnbroker for your jewellery) after deducting exemption in prescribed, legislated amount (s) for car, household goods, clothing, tools of the trade, medical aids, home, life insurance, pensions, RRSP, etc., which amounts to little or nothing for the large majority of us, less than our debt in any case.

The difference between our estimates for NTII's net cash value and its liquidation value is the $ 9M in ARS, which we've discounted by 20 % to $ 7.2 M, and which the company believes will eventually yield full value.

Additionally, the convertible security allows each Avigen stockholder the choice of receiving cash in an amount not presently available to them, other than in a liquidation scenario, or participating in what we believe will be growth in value of the combined entity.

Posted in Activist Investors, Aspen Exploration Corporation (OTC: ASPN), Stocks, Tymothi O. Tombar Tagged Activist investment, Aspen Exploration Corporation (OTC: ASPN), Liquidation Value, Net Cash Stock, Tymothi O. Tombar 3 Comments

MathStar Inc's (OTC: MATH) board has rejected the $ 1.04 per share cash merger offer from PureChoice, Inc. because «the $ 1.04 per share price is less than the liquidation value of MathStar, including the value from any technology sale, and, in the Merger, MathStar's shareholders would derive no value from MathStar's net operating loss carryforwards.»

Posted in Forward Industries Inc (NASDAQ: FORD), Net Cash Stocks, Net Net Stocks, Stocks, tagged Forward Industries Inc (NASDAQ: FORD), Liquidation Value, Net Cash Stock on August 7, 2009 Leave a Comment»

Our updated estimate for the company's net cash value is set out below (the «Book Value» column shows the assets as they are carried in the financial statements, and the «Liquidating Value» column shows our estimate of the value of the assets in a liquidatvalue is set out below (the «Book Value» column shows the assets as they are carried in the financial statements, and the «Liquidating Value» column shows our estimate of the value of the assets in a liquidatValue» column shows the assets as they are carried in the financial statements, and the «Liquidating Value» column shows our estimate of the value of the assets in a liquidatValue» column shows our estimate of the value of the assets in a liquidatvalue of the assets in a liquidation):

Posted in Activist Investors, Ditech Networks Inc (NASDAQ: DITC), Greenbackd Portfolio, Lamassu Holdings LLC, Lloyd I. Miller III, Net Cash Stocks, Net Net Stocks, Stocks Tagged Activist investment, Ditech Networks Inc (NASDAQ: DITC), Liquidation Value, Lloyd I. Miller III, Net Cash Stock Leave a Comment

Posted in Activist Investors, Net Cash Stocks, Net Net Stocks, Stocks, VaxGen Inc (OTC: VXGN) Tagged Activist investment, Liquidation Value, Net Cash Stock, Net Current Asset Value, VaxGen Inc (OTC: VXGN) 13 Comments

Posted in Activist Investors, MathStar Inc (OTC: MATH), Net Cash Stocks, S. Muoio & Co, Stocks, tagged Activist investment, Liquidation Value, MathStar Inc (OTC: MATH), Net Cash Stock on July 15, 2009 5 Comments»

Our estimate of MATH's liquidation value is its net cash value after deducting around $ 2M of cash burn, professional fees and other liquidation costs, or around $ 11.7 M or $ 1.27 per share.

At its close yesterday of $ 0.43 ABTL is trading at its net cash and at a 45 % discount to its value in liquidation.

Posted in Activist Investors, MathStar Inc (OTC: MATH), Net Cash Stocks, Stocks Tagged Activist investment, Liquidation Value, MathStar Inc (OTC: MATH), Net Cash Stock 4 Comments

Posted in About, Liquidation Value, Net Cash Stocks, Net Net Stocks, Stocks, tagged Liquidating Value, Net Cash Stock on January 30, 2009 Leave a Comment»

Posted in Activist Investors, MathStar Inc (OTC: MATH), Stocks, tagged Activist investment, Liquidation Value, MathStar Inc (OTC: MATH), Net Cash Stock on July 13, 2009 2 Comments»

Posted in Aspen Exploration Corporation (OTC: ASPN), Net Cash Stocks, Net Net Stocks, tagged Aspen Exploration Corporation (OTC: ASPN), Liquidation Value, Net Cash Stock on September 3, 2009 12 Comments»

While its earnings and operating cash flow have now turned negative, its liquidation value rema...

Posted in Activist Investors, MathStar Inc (OTC: MATH), Net Cash Stocks, Stocks, tagged Activist investment, Liquidation Value, MathStar Inc (OTC: MATH), Net Cash Stock on July 14, 2009 4 Comments»

Buffett in his early career made his fortune buying extremely low - quality business like Berkshire Hathaway, which was a dying textile business, at extremely low multiples of cash flow and / or discounts to liquidation value, so called net nets.

If you own assets with values over allowed dollar limits, the Trustee can force liquidation (sale) of these «non-exempt» assets and turn over the cash value to your creditors.

Gladstone Capital Corp., a business development company, invests in US small and medium sized companies with EBITDA of $ 3 million, positive cash flows, strong competitive position in an industry, liquidation value of assets and experienced management.

Greenbackd is so called because it was initially solely devoted to stocks trading at a discount to net cash value (stocks backed by a surplus of Greenbacks, hence «Greenback'd»), net current asset value, negative enterprise value, or liquidation value.

Any shareholders remaining in the fund on the distribution date will automatically have their shares redeemed for cash at the net asset value as of the liquidation date.

At some point I read an article mentioning how companies were selling below liquidation value, and some below cash value.

Posted in Activist Investors, Net Cash Stocks, Northstar Neuroscience Inc (NASDAQ: NSTR), Stocks Tagged Activist investment, Liquidation Value, Northstar Neuroscience Inc (NASDAQ: NSTR) 4 Comments

While BVF's slate was not successful at the special meeting, AVGN's board now plans to develop its own plan of liquidation, which should put a floor on AVGN's stock at around its net cash value of $ 37M or $ 1.24 per share less wind down costs.

Posted in Activist Investors, CoSine Communications Inc (OTC: COSN), Net Cash Stocks, Steel Partners, Stocks Tagged Activist investment, CoSine Communications Inc (OTC: COSN), Liquidation Value, Net Cash Stock Leave a Comment

Posted in Activist Investors, Biotechnology Value Fund, Neurobiological Technologies Inc (NASDAQ: NTII), Stocks, tagged Activist investment, Biotechnology Value Fund, Liquidating Value, Liquidation Value, Net Cash Stock, Neurobiological Technologies Inc (NASDAQ: NTII) on May 11, 2009 2 Comments»

So the stock is trading at close to its liquidation value purely on net cash and AV411 and Genzyme asset are free options potentially worth another $ 0.75 / share or higher....

Posted in Activist Investors, Mithras Capital, Net Cash Stocks, Soapstone Networks Inc (NASDAQ: SOAP), Stocks Tagged Activist investment, Liquidation Value, Net Cash Stock, Soapstone Networks Inc (NASDAQ: SOAP) 5 Comments

Posted in Activist Investors, CuraGen Corporation (NASDAQ: CRGN), DellaCamera Capital Management, Net Cash Stocks, Stocks Tagged Activist investment, CuraGen Corporation (NASDAQ: CRGN), Liquidation Value, Net Cash Stock Leave a Comment

While IKAN is still trading at a discount to our calculation of its liquidation and net cash values, without a catalyst our investment thesis is gone, so we're exiting the position.

In that post, we assumed between $ 6M and $ 6.5 M in cash burn for the quarter and $ 3.9 M in contractual obligations, which would have reduced the per share liquidation value by between $ 0.64 and $ 0.67 per share at June 30 and equated to a per share liquidation value of between $ 4.57 and $ 4.54 at June 30.

Posted in Activist Investors, Liquidation Value, Net Cash Stocks, Stocks Tagged Activist investment, Liquidation Value, Net Cash Stock 8 Comments

The company's hard asset value (which excludes the PDL biotechnology business intellectual property) rests mainly on its holding of cash and equivalents contributed by PDL (the «Book Value» column shows the assets as they are carried in the financial statements, and the «Liquidating Value» column shows our estimate of the value of the assets in a liquidatvalue (which excludes the PDL biotechnology business intellectual property) rests mainly on its holding of cash and equivalents contributed by PDL (the «Book Value» column shows the assets as they are carried in the financial statements, and the «Liquidating Value» column shows our estimate of the value of the assets in a liquidatValue» column shows the assets as they are carried in the financial statements, and the «Liquidating Value» column shows our estimate of the value of the assets in a liquidatValue» column shows our estimate of the value of the assets in a liquidatvalue of the assets in a liquidation):

When you lose millions of dollars when invested in a public corporation that at all times had a 40 % discount to your estimate of liquidation value, (and no debt with positive cash flow) it helps to have a sense of humor...

We estimated the liquidation value to be anywhere from nil to $ 259M or ~ $ 10.85 per share and the net cash value from nil to $ 228M or $ 10.54 per share, so it wasn't a typical liquidation play for us.

Posted in Activist Investors, Greenbackd Portfolio, Mithras Capital, Net Cash Stocks, Soapstone Networks Inc (NASDAQ: SOAP), Stocks Tagged Activist investment, Liquidation Value, Mithras Capital, Net Cash Stock, Soapstone Networks Inc (NASDAQ: SOAP) 9 Comments

Interested as I am in the firm as a going concern, as opposed to its liquidation value, I would likely assess the probability of a cash shortage and that would lead to an estimated cost of capital for future CF, but if I discount further the value of negative CF there's a risk of double dipping on the cash burn situation.

To sum - up, we wish to find stocks that are attractive in the activists» view due to untapped potential, which said activists can unlock by e.g. distributing cash holdings, stop value - destroying activities, optimize capital structures or advocate for a merger or liquidation.

FORD is trading at a substantial discount to its liquidation and net cash values.

-LSB-...] on the March 31 financials we get NCAV, which is likely a good proxy for liquidation value, of $ 33.2 m (27.7 m cash +12.5 m receivables - total liabilities of 7m.

The impact of a $ 2M stock buyback at Friday's closing price is to increase per share liquidation value by around 6 % to $ 1.64 and leaves the company with $ 26.3 M in cash and short term investments.

Alternative Asset Opportunities, asset allocation, catalyst, correlation, dividend tax treatment, Event Driven, Expected Value, fighting the Fed, Investegate, IRR, Liquidations, Margin of Safety, offer premium, portfolio allocation, QE, Recommended Cash Offer, Risk Arbitrage, risk - on risk - off, takeover offers, Takeover Panel, VIX, volatility, wind - down

We started following FORD (see our post archive here) because it was trading at a discount to its net cash and liquidation values, although there was no obvious catalyst.

Posted in Activist Investors, Cadus Corporation (OTC: KDUS), Carl Icahn, Net Cash Stocks, Net Net Stocks, Special Situation, Stocks, tagged Activist investment, Cadus Corporation (OTC: KDUS), Carl Icahn, Liquidation Value, Moab Capital Partners, Net Cash Stock on September 29, 2009 7 Comments»

We estimate the net cash value to be around $ 20.6 M or $ 1.57 per share and the liquidation value to be around $ 23.2 M or $ 1.77 per share.