tag:blogger.com,1999:blog-2080506270244832638.post6313507752020061685..comments2024-03-28T07:17:13.573-05:00Comments on Clark Street Value: Pardes Biosciences: Failed Biotech/SPAC, Trading Below CashMDChttp://www.blogger.com/profile/10679835609782815537noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-2080506270244832638.post-4521822984619110262023-08-04T17:08:41.554-05:002023-08-04T17:08:41.554-05:00A lot more cash than I expected in the new 10Q. I ...A lot more cash than I expected in the new 10Q. I now feel bad selling a tiny amount today at $2.14. Feels like $2.19 in cash is almost a lock. nVariant Capitalhttps://www.blogger.com/profile/01705810845752510922noreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-62050365257268409002023-07-26T15:31:04.453-05:002023-07-26T15:31:04.453-05:00Sorry, I don't. Nothing more precise than wha...Sorry, I don't. Nothing more precise than what they said in their press release at least.MDChttps://www.blogger.com/profile/10679835609782815537noreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-48044633348731952662023-07-26T14:56:37.620-05:002023-07-26T14:56:37.620-05:00Hi there! Do you have a sense for the cash balance...Hi there! Do you have a sense for the cash balance and how much we'll end up receiving? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-16913882217046744782023-07-17T08:44:31.564-05:002023-07-17T08:44:31.564-05:00Congrats on this one. The broken biotech basket co...Congrats on this one. The broken biotech basket continues to perform well. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-73243413876403212622023-07-17T07:00:29.216-05:002023-07-17T07:00:29.216-05:00https://www.sec.gov/Archives/edgar/data/1822711/00...https://www.sec.gov/Archives/edgar/data/1822711/000119312523187637/d536036dex991.htm<br /><br />SPAC sponsor taking it private at $2.02-$2.19 plus a CVR. Nice outcome.MDChttps://www.blogger.com/profile/10679835609782815537noreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-53311359598005090832023-05-19T12:52:11.805-05:002023-05-19T12:52:11.805-05:00I do like RFL, but they've already signaled th...I do like RFL, but they've already signaled that they're pursuing a reverse merger. In the current environment, the market hasn't reacted very well to recent biotech reverse mergers. Now with a Jonas/IDT stock, maybe it becomes a hot deal and people get behind it. I don't own it, but it is on my watchlist.MDChttps://www.blogger.com/profile/10679835609782815537noreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-5482967063307371852023-05-17T09:21:33.981-05:002023-05-17T09:21:33.981-05:00Do you have a view on RFL? It seems like a good be...Do you have a view on RFL? It seems like a good bet here, well below net cash and has a good capital allocator in control. I guess the wildcard as usual is they might do some weird deal that benefits management and not shareholders.Steven Woodhousenoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-22072233405433845512023-04-22T13:48:23.208-05:002023-04-22T13:48:23.208-05:00Satsuma being taken out too; would not pay much fo...Satsuma being taken out too; would not pay much for that massive-headline-number CVR, though.<br /><br />And JNCE worked out OK, but I think that, on average, suspicion of Tang will get a higher return than trust in him. ADLhttps://www.blogger.com/profile/11578314123744054067noreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-72743616163209753872023-04-21T16:50:12.594-05:002023-04-21T16:50:12.594-05:00https://www.sec.gov/Archives/edgar/data/1822711/00...https://www.sec.gov/Archives/edgar/data/1822711/000095014223001167/eh230351744_ex01.htm<br /><br />SPAC sponsor indicating that they want to bid for the shares they don't own. No dollar amount disclosed, sort of twisting the board's arm by saying they wouldn't vote for any other alternative.MDChttps://www.blogger.com/profile/10679835609782815537noreply@blogger.com