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

Greenbackd Portfolio Q1 performance and update

March 1, 2009 marked the end of Greenbackd’s first quarter, so we thought we’d take the opportunity to update you on the performance of the Greenbackd Portfolio and the positions in the portfolio, discuss some changes in our valuation methodology since our first post and outline the future direction of Greenbackd.com. First quarter performance of [...]

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The Zanett Group has increased its stake in MATH to 6.58% according to its most recent Schedule 13D amendment. We’ve been following MATH since December last year 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 [...]

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S. Muoio & Co. has called on MathStar Inc (OTC:MATH) to include in the proxy statement for the 2009 Annual Meeting a vote by shareholders to approve a voluntary liquidation of MATH. We’ve been following MATH since December last year when it was trading at $0.68 because it was a net cash stock with a [...]

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MathStar Inc (OTC:MATH) has taken the first steps to liquidation, announcing that it is preparing to sell its Field Programmable Object Array (FPOA) technology and intellectual property. We started following MATH in December last year when it was trading at $0.68 because it was a net cash stock with a substantial stockholder lobbying management to [...]

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The Official Activist Investing Blog has published its list of activist investments for December (the investments with links are to our latest update at the time of this post): Ticker Company Name Activist Investor ACLS Axcelis Technologies Inc Sterling Capital AEPI AEP Industries KSA Capital ARS Arris Group Shamrock Activist Value fund ATML Atmel Corp. [...]

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Welcome back to Greenbackd and happy new year for 2009. We hope that you had a good break. There have been a number of positive developments in the companies we discussed last year. Set out below is an update on those positions we had open in the Greenbackd Portfolio at the close of 2008: Trilogy [...]

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A new investor has filed a 13D notice in relation to MathStar Inc (OTC:MATH). When we started following MATH, it had a market capitalization of just $6.2M based on its December 16, 2008 close of $0.68. We estimated its liquidating value to be more than 120% higher at $14.4M or $1.57 per share. The value [...]

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MathStar Inc (OTC:MATH) is another tiny net cash stock with a substantial stockholder lobbying management to liquidate the company. The stock closed yesterday at $0.68, giving it a market capitalization of just $6.2M. We estimate the liquidating value to be more than 120% higher at $14.4M or $1.57 per share. The value in liquidation is [...]

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