Comments on: Soapstone Networks Inc (NASDAQ:SOAP) Q1 update http://greenbackd.com/2009/05/01/soapstone-networks-inc-nasdaqsoap-q1-update/ Identifying undervalued activist situations Tue, 14 Feb 2012 15:51:52 +0000 hourly 1 http://wordpress.com/ By: greenbackd http://greenbackd.com/2009/05/01/soapstone-networks-inc-nasdaqsoap-q1-update/#comment-1344 Mon, 01 Jun 2009 21:15:38 +0000 http://greenbackd.com/?p=1820#comment-1344 Thanks, FF. We agree that Mithras has been very quiet. We’re going to keep an eye on it, and if the cash keeps disappearing down the drain, we might get out.

G

]]> By: Double F http://greenbackd.com/2009/05/01/soapstone-networks-inc-nasdaqsoap-q1-update/#comment-1343 Mon, 01 Jun 2009 19:28:57 +0000 http://greenbackd.com/?p=1820#comment-1343 i didnt take a look at this name until recently. I hope I am wrong (being a well wisher and since you do have a position) but if history is a guide, this management will work its way through all the cash (the company burned a cool $400 mm in the past and has nothing to show for it).

I think the hiring of Ibanker is nothing more than a ploy to placate investors (most of who I suspect are vulture investors like your’s truly).

If we are in a prolonged bull run, then this stock should underperform significantly because it has zero financial leverage and zero products/revenues.

Mithras is the only potential catalyst but been quiet, no?

Cheers.

FF

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