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Archive for the ‘Lamassu Holdings LLC’ Category

DITC agrees to nominate Lamassu representatives to the board; Greenbackd exits

Posted in Activist Investors, Ditech Networks Inc (NASDAQ:DITC), Lamassu Holdings LLC, Stocks, tagged , , , on September 14, 2009 | Leave a Comment »

The board of Ditech Networks Inc (NASDAQ:DITC) has agreed to nominate Lamassu Holdings’ representatives, Alan B. Howe and Frank J. Sansone, to be elected to the board at DITC’s next annual meeting. It seems that the board’s concern in nominating Howe and Sansone was that they not participate in any “withhold the vote” campaign or [...]

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Lamassu sends another letter to DITC

Posted in Activist Investors, Ditech Networks Inc (NASDAQ:DITC), Lamassu Holdings LLC, Stocks, tagged , , , on July 31, 2009 | 1 Comment »

Lamassu Holdings has sent another scorching letter to the board of Ditech Networks Inc (NASDAQ:DITC). In the letter, Lamassu claims that the “decisions of this board have shown a pattern of director entrenchment characterized by prioritizing the interest of its members in the face of poor results at the expense of the shareholders” and has [...]

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Lamassu Holdings blasts DITC board

Posted in Activist Investors, Ditech Networks Inc (NASDAQ:DITC), Greenbackd Portfolio, Lamassu Holdings LLC, Lloyd I. Miller III, Net Cash Stocks, Stocks, tagged , , , , , on July 17, 2009 | Leave a Comment »

Lamassu Holdings has blasted the board of Ditech Networks Inc (NASDAQ:DITC). In a letter to the board, Lamassu Holdngs accuses DITC management of “spending as though Ditech Networks has money to burn, adding to the amount of money you have already lost for shareholders during your tenure,” “aggressively [overstepping] the bounds of good corporate governance” [...]

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Lloyd I Miller III discloses DITC holding; Supports Lamassu Holdings’ candidates

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 , , , , on July 10, 2009 | Leave a Comment »

Lloyd I Miller III has disclosed a 5.9% holding in Ditech Networks Inc (NASDAQ:DITC). According to the 13D filing, Mr. Miller supports Mr. Leehealey and Mr. Sansone – the director candidates nominated by Lamassu Holdings for election to the board of directors at the DITC annual meeting – as “candidates who are independent of management and [...]

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Ditech Networks Inc (NASDAQ:DITC) 10Q update

Posted in Activist Investors, Ditech Networks Inc (NASDAQ:DITC), Greenbackd Portfolio, Lamassu Holdings LLC, Stocks, tagged , , , on July 10, 2009 | Leave a Comment »

Ditech Networks Inc (NASDAQ:DITC) has filed its 10Q for the period ended April 30, 2009. We’ve been following DITC (see our archive here) because it is trading below its net cash value with an investor, Lamassu Holdings LLC, disclosing a 9.4% holding in November last year. Lamassu has previously offered to acquire DITC for $1.25 [...]

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Lamassu nominates two board candidates for Ditech’s 2009 Annual Meeting

Posted in Activist Investors, Ditech Networks Inc (NASDAQ:DITC), Lamassu Holdings LLC, Stocks, tagged , , on May 27, 2009 | 2 Comments »

Lamassu Holdings LLC has nominated two director candidates for election to the Ditech Networks Inc (NASDAQ:DITC) board of directors at the DITC annual meeting. We’ve been following DITC (see our archive here) because it is trading below its net cash value with an investor, Lamassu Holdings LLC, disclosing a 9.4% holding in November last year. [...]

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Ditech Networks Inc (NASDAQ:DITC) 10Q update

Posted in Activist Investors, Ditech Networks Inc (NASDAQ:DITC), Lamassu Holdings LLC, Net Cash Stocks, Stocks, tagged , , , on March 16, 2009 | Leave a Comment »

Ditech Networks Inc (NASDAQ:DITC) has filed its 10Q for the period ended January 31, 2009. We’ve been following DITC (see our archive here) because it is trading well below its net cash value with an investor, Lamassu Holdings LLC, disclosing a 9.4% holding in November last year. Lamassu has offered to acquire DITC for $1.25 [...]

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List of activist investments for February

Posted in Activist Investors, Ditech Networks Inc (NASDAQ:DITC), Greenbackd Portfolio, Lamassu Holdings LLC, Stocks, tagged , , on March 10, 2009 | Leave a Comment »

The Official Activist Investing Blog has published its list of activist investments for February (links are to the relevant post archive): Ticker Company Investor AANB Abigail Adams National Bancorp P.S. D’Iberville Limited Partnership ABVA Alliance Bankshares Frank Williams ADLS Advanced Life Sciences Holdings Groundworks of Palm Beach County AHNA.PK ATC Healthcare Inc Roaring Fork Capital [...]

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Ditech Networks Inc (NASDAQ:DITC)

Posted in Activist Investors, Ditech Networks Inc (NASDAQ:DITC), Lamassu Holdings LLC, Net Cash Stocks, Stocks, tagged , , , , on February 19, 2009 | Leave a Comment »

Ditech Networks Inc (NASDAQ:DITC) is a stock trading well below its net cash value with an investor, Lamassu Holdings LLC, disclosing a 9.4% holding in November last year. At yesterday’s closing price of $0.89, the company has a market capitalization of $23.3M. We estimate the net cash value to be more than 60% higher at [...]

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