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Archive for the ‘MathStar Inc (OTC:MATH)’ Category

MATH announces merger; CEO resigns in protest; Greenbackd exits

Posted in Activist Investors, MathStar Inc (OTC:MATH), Net Cash Stocks, Net Net Stocks, S. Muoio & Co, Salvatore Muoio, Stocks, Zachary McAdoo, tagged , , , on July 16, 2009 | 4 Comments »

MathStar Inc’s (OTC:MATH) board has announced a “possible merger” with a company called Sajan, Inc, presumably the private company discussed in the presentation at the annual meeting. Douglas M. Pihl, MATH’s CEO, has resigned in protest, saying in his resignation letter that he was resigning because of the board’s “rejection of the plan I have [...]

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MATH announces results of annual meeting; Shareholders reject liquidation

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

MathStar Inc’s (OTC:MATH) board has announced the results of the annual meeting and, disappointingly, MATH’s stockholders have rejected the proposal to liquidate MATH.
We’ve been following MATH since December last year (see our post archive here) when it was trading at $0.68. The stock is up 73.5% to close yesterday at $1.18, giving it a market [...]

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MATH files 2008 annual meeting presentation to shareholders

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

MathStar Inc’s (OTC:MATH) board has filed the slides from its presentation to shareholders at the 2008 annual meeting. In the presentation, MATH’s board discusses in some detail its rationale for recommending that stockholders reject Tiberius Capital’s $1.25 per share cash tender offer. We’ve unpacked the slide show below to see if we can arrive at [...]

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Tiberius Capital sends letter urging MATH shareholders to tender at $1.25

Posted in Activist Investors, MathStar Inc (OTC:MATH), Stocks, tagged , , , on July 13, 2009 | 2 Comments »

Tiberius Capital has sent a letter to MathStar Inc (OTC:MATH) shareholders urging them to tender all of their MATH shares at $1.25 per share. Tiberius Capital’s offer expires on July 20, 2009, at 11:59 p.m. New York City time. Said John M. Fife, a principal of Tiberius:
The MathStar Board shut down business operations over a [...]

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MATH’s board rejects Tiberius offer; says MATH is worth $1.40 per share

Posted in Activist Investors, MathStar Inc (OTC:MATH), Stocks, tagged , , , on July 8, 2009 | 2 Comments »

MathStar Inc’s (OTC:MATH) board has recommended that stockholders reject the $1.25 per share in cash tender offer from Tiberius Capital on the basis that the tender offer is less than the board’s $1.40 per share estimate of MATH’s liquidation value.
We’ve been following MATH since December last year (see our post archive here) when it was [...]

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Tiberius Capital increases tender offer for MATH

Posted in Activist Investors, MathStar Inc (OTC:MATH), Stocks, tagged , , , on July 7, 2009 | 2 Comments »

Tiberius Capital has announced that it is increasing its offer for MathStar Inc (OTC:MATH) common shares from $1.15 to $1.25 per share in cash.
We’ve been following MATH since December last year (see our post archive here) when it was trading at $0.68. We initiated the position because MATH was trading below its net cash value [...]

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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 , , , , , , , 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.
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June 1, 2009 marked the end of Greenbackd’s second quarter. It’s time again to report on [...]

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MATH’s board rejects third merger offer

Posted in Activist Investors, MathStar Inc (OTC:MATH), Net Cash Stocks, Stocks, tagged , , , on May 21, 2009 | Leave a Comment »

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.”
We’ve been following [...]

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MATH receives $1.04 per share merger offer from twice-spurned suitor

Posted in Activist Investors, MathStar Inc (OTC:MATH), Net Cash Stocks, S. Muoio & Co, Salvatore Muoio, Stocks, tagged , , , , on May 12, 2009 | 1 Comment »

MathStar Inc (OTC:MATH) has received another merger offer from PureChoice, Inc., this one providing for a $1.04 per share cash payment to the MATH stockholders.
We’ve been following MATH since December last year (see our post archive here) when it was trading at $0.68. We initiated the position because MATH was trading below its net cash [...]

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MathStar Inc (OTC:MATH) 10K update

Posted in Activist Investors, MathStar Inc (OTC:MATH), S. Muoio & Co, Salvatore Muoio, Stocks, Zachary McAdoo, tagged , , on April 1, 2009 | 4 Comments »

MathStar Inc (OTC:MATH) has filed its 10K for the year ended December 31, 2008.
We’ve been following MATH since December last year (see our post archive here) when it was trading at $0.68. We initiated the position because MATH is a net cash stock with two substantial stockholders lobbying management to liquidate. The stock is up [...]

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