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. — June 1, 2009 marked the end of Greenbackd’s second quarter. It’s time again [...]
Archive for the ‘Neurobiological Technologies Inc (NASDAQ:NTII)’ Category
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 Activist investment, Autobytel Inc (NASDAQ:ABTL), Avigen Inc (NASDAQ:AVGN), Axcelis Technologies Inc (NASDAQ:ACLS), Ditech Networks Inc (NASDAQ:DITC), MathStar Inc (OTC:MATH), Northstar Neuroscience Inc (NASDAQ:NSTR), Soapstone Networks Inc (NASDAQ:SOAP) on June 1, 2009 | Leave a Comment »
Neurobiological Technologies Inc (NASDAQ:NTII) 10Q update; Greenbackd exits
Posted in Activist Investors, Biotechnology Value Fund, Neurobiological Technologies Inc (NASDAQ:NTII), Stocks, tagged Activist investment, Biotechnology Value Fund, Liquidating Value, Liquidation Value, Net Cash Stock, Neurobiological Technologies Inc (NASDAQ:NTII) on May 11, 2009 | 2 Comments »
Neurobiological Technologies Inc (NASDAQ:NTII) has filed its 10Q for the period ended march 31, 2009. After reviewing the 10Q, we have reduced our estimate of NTII’s liquidation value to $19.6M or $0.73 per share. NTII closed on Friday at $0.72, which is approximately our estimate of its value, and so we are taking the opportunity [...]
NTII on the block; engages financial adviser
Posted in Activist Investors, Biotechnology Value Fund, Neurobiological Technologies Inc (NASDAQ:NTII), Stocks, tagged Activist investment, Biotechnology Value Fund, Liquidating Value, Neurobiological Technologies Inc (NASDAQ:NTII) on March 31, 2009 | Leave a Comment »
Neurobiological Technologies Inc (NASDAQ:NTII) has engaged a financial adviser to explore a sale of the company or its major assets to determine “if there is a transaction more beneficial to our shareholders than a liquidation,” according to its CEO, William Fletcher. We’ve been following NTII (see our post archive here) because it’s trading at a [...]
NYTimes says investors want biotech firms to cash out
Posted in Activist Investors, Avigen (NASDAQ:AVGN), Biotechnology Value Fund, Neurobiological Technologies Inc (NASDAQ:NTII), Northstar Neuroscience Inc (NASDAQ:NSTR), Stocks, tagged Activist investment, Avigen Inc (NASDAQ:AVGN), Biotechnology Value Fund, Neurobiological Technologies Inc (NASDAQ:NTII), Northstar Neuroscience Inc (NASDAQ:NSTR), RA Capital Management on March 11, 2009 | Leave a Comment »
The New York Times has an article by Andrew Pollack, “Drug Investors Lose Patience,” about investors pushing biotechnology companies to liquidate and return capital to investors. Pollack notes that such clashes have become much more common in recent months as the stock market crash has pushed the market capitalization of many biotechnology companies to less [...]
Neurobiological Technologies Inc (NASDAQ:NTII)
Posted in Activist Investors, Biotechnology Value Fund, Highland Capital Management, Millennium Technology Value Partners, Net Cash Stocks, Neurobiological Technologies Inc (NASDAQ:NTII), Stocks, tagged Liquidating Value, Biotechnology Value Fund, Activist investment, Net Cash Stock, Neurobiological Technologies Inc (NASDAQ:NTII), Millennium Technology Value Partners, Highland Capital Management on February 23, 2009 | 5 Comments »
Neurobiological Technologies Inc (NASDAQ:NTII) is a particularly interesting play. Prima facie, it appears to be a cash-burning biotechnology stock trading at a premium to its liquidating value. In other words, a stock we wouldn’t touch with a ten foot pole. On closer inspection, however, it becomes clear that NTII is trading at its net cash [...]

