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	<title>Greenbackd &#187; Ditech Networks Inc (NASDAQ:DITC)</title>
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	<description>Identifying undervalued activist situations</description>
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		<title>Greenbackd &#187; Ditech Networks Inc (NASDAQ:DITC)</title>
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		<title>Endangered Species 2001</title>
		<link>http://greenbackd.com/2010/04/14/endangered-species-2001/</link>
		<comments>http://greenbackd.com/2010/04/14/endangered-species-2001/#comments</comments>
		<pubDate>Wed, 14 Apr 2010 04:01:20 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[About]]></category>
		<category><![CDATA[Activist Investors]]></category>
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		<category><![CDATA[Ditech Networks Inc (NASDAQ:DITC)]]></category>
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		<category><![CDATA[Darwin's darlings]]></category>
		<category><![CDATA[Endangered species update]]></category>
		<category><![CDATA[Shareholder activist]]></category>
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		<guid isPermaLink="false">http://greenbackd.com/?p=4021</guid>
		<description><![CDATA[In the Spring 1999 Piper Jaffray produced a research report called Wall Street’s Endangered Species by Daniel J. Donoghue, Michael R. Murphy and Mark Buckley, then at Piper Jaffray and now at Discovery Group, a firm founded by Donoghue and Murphy (see also Performance of Darwin’s Darlings). The premise of the report was that undervalued small capitalization stocks (those with a market [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=4021&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>2</slash:comments>
	
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			<media:title type="html">Darwins darlings 2001</media:title>
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			<media:title type="html">Darwins darlings 2001 2</media:title>
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			<media:title type="html">Darwins darlings 2001 3</media:title>
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	</item>
		<item>
		<title>DITC agrees to nominate Lamassu representatives to the board; Greenbackd exits</title>
		<link>http://greenbackd.com/2009/09/14/ditc-agrees-to-nominate-lamassu-representatives-to-the-board-greenbackd-exits/</link>
		<comments>http://greenbackd.com/2009/09/14/ditc-agrees-to-nominate-lamassu-representatives-to-the-board-greenbackd-exits/#comments</comments>
		<pubDate>Mon, 14 Sep 2009 05:00:50 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Ditech Networks Inc (NASDAQ:DITC)]]></category>
		<category><![CDATA[Lamassu Holdings LLC]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Activist investment]]></category>
		<category><![CDATA[Liquidating Value]]></category>
		<category><![CDATA[Net Cash Stock]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=2421</guid>
		<description><![CDATA[The board of Ditech Networks Inc (NASDAQ:DITC) has agreed to nominate Lamassu Holdings&#8217; representatives, Alan B. Howe and Frank J. Sansone, to be elected to the board at DITC&#8217;s next annual meeting. It seems that the board&#8217;s concern in nominating Howe and Sansone was that they not participate in any &#8220;withhold the vote&#8221; campaign or [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=2421&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>Lamassu sends another letter to DITC</title>
		<link>http://greenbackd.com/2009/07/31/lamassu-sends-another/</link>
		<comments>http://greenbackd.com/2009/07/31/lamassu-sends-another/#comments</comments>
		<pubDate>Fri, 31 Jul 2009 05:00:44 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Ditech Networks Inc (NASDAQ:DITC)]]></category>
		<category><![CDATA[Lamassu Holdings LLC]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Activist investment]]></category>
		<category><![CDATA[Liquidation Value]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=2132</guid>
		<description><![CDATA[Lamassu Holdings has sent another scorching letter to the board of Ditech Networks Inc (NASDAQ:DITC). In the letter, Lamassu claims that the &#8220;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&#8221; and has [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=2132&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>1</slash:comments>
	
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			<media:title type="html">Lamassu Letter Table</media:title>
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		<item>
		<title>Lamassu Holdings blasts DITC board</title>
		<link>http://greenbackd.com/2009/07/17/lamassu-holdings-blasts-ditc-board/</link>
		<comments>http://greenbackd.com/2009/07/17/lamassu-holdings-blasts-ditc-board/#comments</comments>
		<pubDate>Fri, 17 Jul 2009 05:00:25 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Ditech Networks Inc (NASDAQ:DITC)]]></category>
		<category><![CDATA[Greenbackd Portfolio]]></category>
		<category><![CDATA[Lamassu Holdings LLC]]></category>
		<category><![CDATA[Lloyd I. Miller III]]></category>
		<category><![CDATA[Net Cash Stocks]]></category>
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		<guid isPermaLink="false">http://greenbackd.com/?p=2059</guid>
		<description><![CDATA[Lamassu Holdings has blasted the board of Ditech Networks Inc (NASDAQ:DITC). In a letter to the board, Lamassu Holdngs accuses DITC management of &#8220;spending as though Ditech Networks has money to burn, adding to the amount of money you have already lost for shareholders during your tenure,&#8221; &#8220;aggressively [overstepping] the bounds of good corporate governance&#8221; [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=2059&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>Lloyd I Miller III discloses DITC holding; Supports Lamassu Holdings&#8217; candidates</title>
		<link>http://greenbackd.com/2009/07/10/lloyd-i-miller-iii-discloses-ditc-holding-supports-lamassu-holdings-candidates/</link>
		<comments>http://greenbackd.com/2009/07/10/lloyd-i-miller-iii-discloses-ditc-holding-supports-lamassu-holdings-candidates/#comments</comments>
		<pubDate>Fri, 10 Jul 2009 05:01:40 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Ditech Networks Inc (NASDAQ:DITC)]]></category>
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		<category><![CDATA[Lamassu Holdings LLC]]></category>
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		<guid isPermaLink="false">http://greenbackd.com/?p=2005</guid>
		<description><![CDATA[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 &#8211; the director candidates nominated by Lamassu Holdings for election to the board of directors at the DITC annual meeting &#8211; as &#8220;candidates who are independent of management and [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=2005&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>Ditech Networks Inc (NASDAQ:DITC) 10Q update</title>
		<link>http://greenbackd.com/2009/07/10/ditech-networks-inc-nasdaqditc-10q-update-2/</link>
		<comments>http://greenbackd.com/2009/07/10/ditech-networks-inc-nasdaqditc-10q-update-2/#comments</comments>
		<pubDate>Fri, 10 Jul 2009 05:00:16 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Ditech Networks Inc (NASDAQ:DITC)]]></category>
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		<category><![CDATA[Lamassu Holdings LLC]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Activist investment]]></category>
		<category><![CDATA[Liquidation Value]]></category>
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		<guid isPermaLink="false">http://greenbackd.com/?p=2007</guid>
		<description><![CDATA[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 [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=2007&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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			<media:title type="html">DITC Summary 2009 4 30</media:title>
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		<title>Greenbackd Portfolio Q2 Performance and Update</title>
		<link>http://greenbackd.com/2009/06/01/greenbackd-portfolio-q2-performance-and-update/</link>
		<comments>http://greenbackd.com/2009/06/01/greenbackd-portfolio-q2-performance-and-update/#comments</comments>
		<pubDate>Mon, 01 Jun 2009 06:16:39 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[About]]></category>
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		<guid isPermaLink="false">http://greenbackd.com/?p=1930</guid>
		<description><![CDATA[Update June 16, 2009: SOAP has announced that it proposes to liquidate. See our post below. Update June 3, 2009: We&#8217;ve pinned this post to the front page. Any new posts between now and July 4th will appear below this post. &#8212; June 1, 2009 marked the end of Greenbackd’s second quarter. It&#8217;s time again [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=1930&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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			<media:title type="html">Greenbackd Portfolio Performance 2009 Q2</media:title>
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	</item>
		<item>
		<title>Lamassu nominates two board candidates for Ditech&#8217;s 2009 Annual Meeting</title>
		<link>http://greenbackd.com/2009/05/27/lamassu-nominates-two-board-candidates-for-ditechs-2009-annual-meeting/</link>
		<comments>http://greenbackd.com/2009/05/27/lamassu-nominates-two-board-candidates-for-ditechs-2009-annual-meeting/#comments</comments>
		<pubDate>Wed, 27 May 2009 05:00:31 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Ditech Networks Inc (NASDAQ:DITC)]]></category>
		<category><![CDATA[Lamassu Holdings LLC]]></category>
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		<guid isPermaLink="false">http://greenbackd.com/?p=1945</guid>
		<description><![CDATA[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. [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=1945&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>2</slash:comments>
	
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		<title>Ditech Networks Inc (NASDAQ:DITC) 10Q update</title>
		<link>http://greenbackd.com/2009/03/16/ditech-networks-inc-nasdaqditc-10q-update/</link>
		<comments>http://greenbackd.com/2009/03/16/ditech-networks-inc-nasdaqditc-10q-update/#comments</comments>
		<pubDate>Mon, 16 Mar 2009 05:01:33 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
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		<guid isPermaLink="false">http://greenbackd.com/?p=1341</guid>
		<description><![CDATA[Ditech Networks Inc (NASDAQ:DITC) has filed its 10Q for the period ended January 31, 2009. We&#8217;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 [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=1341&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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			<media:title type="html">ditc-summary-2009-1-31</media:title>
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		<title>List of activist investments for February</title>
		<link>http://greenbackd.com/2009/03/10/list-of-activist-investments-for-february/</link>
		<comments>http://greenbackd.com/2009/03/10/list-of-activist-investments-for-february/#comments</comments>
		<pubDate>Tue, 10 Mar 2009 05:01:57 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Ditech Networks Inc (NASDAQ:DITC)]]></category>
		<category><![CDATA[Greenbackd Portfolio]]></category>
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		<guid isPermaLink="false">http://greenbackd.com/?p=1263</guid>
		<description><![CDATA[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&#8217;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 [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=1263&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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