Soapstone Networks Inc (NASDAQ:SOAP) has announced that it intends to liquidate and has filed its Plan of Liquidation. We been following SOAP (see our post archive here) because it was trading well below its net cash value with an activist investor, Mithras Capital, disclosing an 8.7% holding in October last year. The stock is up [...]
Archive for June, 2009
SOAP announces liquidation
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) on June 16, 2009 | 5 Comments »
Greenbackd exits Amtech Systems Inc (NASDAQ:ASYS)
Posted in Amtech Systems Inc (NASDAQ:ASYS), Stocks, tagged Activist investment, Amtech Systems Inc (NASDAQ:ASYS), Liquidation Value on June 3, 2009 | Leave a Comment »
We are exiting our position in Amtech Systems Inc (NASDAQ:ASYS) at its $5.65 close yesterday because the stock is trading at a substantial premium to our valuation. We opened the position at $2.78, so we’re up 103.2% on an absolute basis. The S&P500 Index closed at 712.87 on the day we opened the position and [...]
Greenbackd Portfolio Q2 Performance and Update
Posted in About, Autobytel (NASDAQ:ABTL), Avigen (NASDAQ:AVGN), Axcelis Technologies Inc (NASDAQ:ACLS), Ditech Networks Inc (NASDAQ:DITC), Greenbackd, Greenbackd Portfolio, Liquidation Value, MathStar Inc (OTC:MATH), Network Engines Inc (NASDAQ:NENG), Neurobiological Technologies Inc (NASDAQ:NTII), Northstar Neuroscience Inc (NASDAQ:NSTR), Rackable Systems Inc (NASDAQ:RACK), Soapstone Networks Inc (NASDAQ:SOAP), Stocks, Vanda Pharmaceuticals Inc (NASDAQ:VNDA), VaxGen Inc (OTC:VXGN), tagged Activist investment, Autobytel Inc (NASDAQ:ABTL), Avigen Inc (NASDAQ:AVGN), Axcelis Technologies Inc (NASDAQ:ACLS), Ditech Networks Inc (NASDAQ:DITC), MathStar Inc (OTC:MATH), Northstar Neuroscience Inc (NASDAQ:NSTR), Soapstone Networks Inc (NASDAQ:SOAP) on June 1, 2009 | Leave a Comment »
Update June 16, 2009: SOAP has announced that it proposes to liquidate. See our post below. Update June 3, 2009: We’ve pinned this post to the front page. Any new posts between now and July 4th will appear below this post. — June 1, 2009 marked the end of Greenbackd’s second quarter. It’s time again [...]

