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	<title>Greenbackd &#187; MathStar Inc (OTC:MATH)</title>
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		<title>Greenbackd &#187; MathStar Inc (OTC:MATH)</title>
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		<title>MATH announces merger; CEO resigns in protest; Greenbackd exits</title>
		<link>http://greenbackd.com/2009/07/16/math-announces-merger-ceo-resigns-in-protest-greenbackd-exits/</link>
		<comments>http://greenbackd.com/2009/07/16/math-announces-merger-ceo-resigns-in-protest-greenbackd-exits/#comments</comments>
		<pubDate>Thu, 16 Jul 2009 05:01:48 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[MathStar Inc (OTC:MATH)]]></category>
		<category><![CDATA[Net Cash Stocks]]></category>
		<category><![CDATA[Net Net Stocks]]></category>
		<category><![CDATA[S. Muoio & Co]]></category>
		<category><![CDATA[Salvatore Muoio]]></category>
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		<category><![CDATA[Zachary McAdoo]]></category>
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		<guid isPermaLink="false">http://greenbackd.com/?p=2046</guid>
		<description><![CDATA[MathStar Inc’s (OTC:MATH) board has announced a &#8220;possible merger&#8221; with a company called Sajan, Inc, presumably the private company discussed in the presentation at the annual meeting. Douglas M. Pihl, MATH&#8217;s CEO, has resigned in protest, saying in his resignation letter that he was resigning because of the board&#8217;s &#8220;rejection of the plan I have [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=2046&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2009/07/16/math-announces-merger-ceo-resigns-in-protest-greenbackd-exits/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
	
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		<title>MATH announces results of annual meeting; Shareholders reject liquidation</title>
		<link>http://greenbackd.com/2009/07/15/math-announces-results-of-annual-meeting-shareholders-reject-liquidation/</link>
		<comments>http://greenbackd.com/2009/07/15/math-announces-results-of-annual-meeting-shareholders-reject-liquidation/#comments</comments>
		<pubDate>Wed, 15 Jul 2009 05:00:54 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[MathStar Inc (OTC:MATH)]]></category>
		<category><![CDATA[Net Cash Stocks]]></category>
		<category><![CDATA[S. Muoio & Co]]></category>
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		<category><![CDATA[Activist investment]]></category>
		<category><![CDATA[Liquidation Value]]></category>
		<category><![CDATA[Net Cash Stock]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=2030</guid>
		<description><![CDATA[MathStar Inc’s (OTC:MATH) board has announced the results of the annual meeting and, disappointingly, MATH&#8217;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 [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=2030&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2009/07/15/math-announces-results-of-annual-meeting-shareholders-reject-liquidation/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
	
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		<title>MATH files 2008 annual meeting presentation to shareholders</title>
		<link>http://greenbackd.com/2009/07/14/math-files-2008-annual-meeting-presentation-to-shareholders/</link>
		<comments>http://greenbackd.com/2009/07/14/math-files-2008-annual-meeting-presentation-to-shareholders/#comments</comments>
		<pubDate>Tue, 14 Jul 2009 05:00:06 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[MathStar Inc (OTC:MATH)]]></category>
		<category><![CDATA[Net Cash Stocks]]></category>
		<category><![CDATA[Stocks]]></category>
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		<guid isPermaLink="false">http://greenbackd.com/?p=2018</guid>
		<description><![CDATA[MathStar Inc’s (OTC:MATH) board has filed the slides from its presentation to shareholders at the 2008 annual meeting. In the presentation, MATH&#8217;s board discusses in some detail its rationale for recommending that stockholders reject Tiberius Capital&#8217;s $1.25 per share cash tender offer. We&#8217;ve unpacked the slide show below to see if we can arrive at [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=2018&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2009/07/14/math-files-2008-annual-meeting-presentation-to-shareholders/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
	
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			<media:title type="html">greenbackd</media:title>
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		<media:content url="http://greenbackd.files.wordpress.com/2009/07/math-presentation-slide-1.png" medium="image">
			<media:title type="html">MATH Presentation Slide 1</media:title>
		</media:content>

		<media:content url="http://greenbackd.files.wordpress.com/2009/07/math-presentation-slide-2.png" medium="image">
			<media:title type="html">MATH Presentation Slide 2</media:title>
		</media:content>

		<media:content url="http://greenbackd.files.wordpress.com/2009/07/math-presentation-slide-3.png" medium="image">
			<media:title type="html">MATH Presentation Slide 3</media:title>
		</media:content>

		<media:content url="http://greenbackd.files.wordpress.com/2009/07/math-presentation-slide-4.png" medium="image">
			<media:title type="html">MATH Presentation Slide 4</media:title>
		</media:content>

		<media:content url="http://greenbackd.files.wordpress.com/2009/07/math-presentation-slide-5.png" medium="image">
			<media:title type="html">MATH Presentation Slide 5</media:title>
		</media:content>
	</item>
		<item>
		<title>Tiberius Capital sends letter urging MATH shareholders to tender at $1.25</title>
		<link>http://greenbackd.com/2009/07/13/tiberius-capital-sends-letter-urging-math-shareholders-to-tender-at-1-25/</link>
		<comments>http://greenbackd.com/2009/07/13/tiberius-capital-sends-letter-urging-math-shareholders-to-tender-at-1-25/#comments</comments>
		<pubDate>Mon, 13 Jul 2009 05:00:48 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[MathStar Inc (OTC:MATH)]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Activist investment]]></category>
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		<category><![CDATA[Net Cash Stock]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=2015</guid>
		<description><![CDATA[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&#8217;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 [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=2015&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2009/07/13/tiberius-capital-sends-letter-urging-math-shareholders-to-tender-at-1-25/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	
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			<media:title type="html">greenbackd</media:title>
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		<item>
		<title>MATH&#8217;s board rejects Tiberius offer; says MATH is worth $1.40 per share</title>
		<link>http://greenbackd.com/2009/07/08/maths-board-rejects-tiberius-offer-says-math-is-worth-1-40-per-share/</link>
		<comments>http://greenbackd.com/2009/07/08/maths-board-rejects-tiberius-offer-says-math-is-worth-1-40-per-share/#comments</comments>
		<pubDate>Wed, 08 Jul 2009 05:00:14 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[MathStar Inc (OTC:MATH)]]></category>
		<category><![CDATA[Stocks]]></category>
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		<guid isPermaLink="false">http://greenbackd.com/?p=1995</guid>
		<description><![CDATA[MathStar Inc&#8217;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&#8217;s $1.40 per share estimate of MATH&#8217;s liquidation value. We’ve been following MATH since December last year (see our post archive here) when it [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=1995&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2009/07/08/maths-board-rejects-tiberius-offer-says-math-is-worth-1-40-per-share/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	
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			<media:title type="html">greenbackd</media:title>
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		<title>Tiberius Capital increases tender offer for MATH</title>
		<link>http://greenbackd.com/2009/07/07/tiberius-capital-increases-tender-offer-for-math/</link>
		<comments>http://greenbackd.com/2009/07/07/tiberius-capital-increases-tender-offer-for-math/#comments</comments>
		<pubDate>Tue, 07 Jul 2009 05:00:37 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[MathStar Inc (OTC:MATH)]]></category>
		<category><![CDATA[Stocks]]></category>
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		<guid isPermaLink="false">http://greenbackd.com/?p=1991</guid>
		<description><![CDATA[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 [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=1991&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2009/07/07/tiberius-capital-increases-tender-offer-for-math/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	
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			<media:title type="html">greenbackd</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>
		<wfw:commentRss>http://greenbackd.com/2009/06/01/greenbackd-portfolio-q2-performance-and-update/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Greenbackd Portfolio Performance 2009 Q2</media:title>
		</media:content>
	</item>
		<item>
		<title>MATH&#8217;s board rejects third merger offer</title>
		<link>http://greenbackd.com/2009/05/21/maths-board-rejects-third-merger-offer/</link>
		<comments>http://greenbackd.com/2009/05/21/maths-board-rejects-third-merger-offer/#comments</comments>
		<pubDate>Thu, 21 May 2009 05:00:18 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[MathStar Inc (OTC:MATH)]]></category>
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		<guid isPermaLink="false">http://greenbackd.com/?p=1935</guid>
		<description><![CDATA[MathStar Inc&#8217;s (OTC:MATH) board has rejected the $1.04 per share cash merger offer from PureChoice, Inc. because &#8220;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.&#8221; We’ve been [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=1935&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2009/05/21/maths-board-rejects-third-merger-offer/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">greenbackd</media:title>
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		<title>MATH receives $1.04 per share merger offer from twice-spurned suitor</title>
		<link>http://greenbackd.com/2009/05/12/math-receives-1-04-per-share-merger-offer-from-twice-spurned-suitor/</link>
		<comments>http://greenbackd.com/2009/05/12/math-receives-1-04-per-share-merger-offer-from-twice-spurned-suitor/#comments</comments>
		<pubDate>Tue, 12 May 2009 05:00:40 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
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		<category><![CDATA[Salvatore Muoio]]></category>
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		<guid isPermaLink="false">http://greenbackd.com/?p=1871</guid>
		<description><![CDATA[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 [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=1871&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2009/05/12/math-receives-1-04-per-share-merger-offer-from-twice-spurned-suitor/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
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			<media:title type="html">greenbackd</media:title>
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		<title>MathStar Inc (OTC:MATH) 10K update</title>
		<link>http://greenbackd.com/2009/04/01/mathstar-inc-otcmath-10k-update/</link>
		<comments>http://greenbackd.com/2009/04/01/mathstar-inc-otcmath-10k-update/#comments</comments>
		<pubDate>Wed, 01 Apr 2009 05:06:41 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
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		<guid isPermaLink="false">http://greenbackd.com/?p=1560</guid>
		<description><![CDATA[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 [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=1560&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>4</slash:comments>
	
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			<media:title type="html">greenbackd</media:title>
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			<media:title type="html">math-summary-2008-12-31</media:title>
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