tag:blogger.com,1999:blog-2080506270244832638.comments2024-03-18T20:44:42.858-05:00Clark Street ValueMDChttp://www.blogger.com/profile/10679835609782815537noreply@blogger.comBlogger5404125tag:blogger.com,1999:blog-2080506270244832638.post-81727813517547614362024-03-18T20:44:42.858-05:002024-03-18T20:44:42.858-05:00Just curious, How hard is it to get Gasior removed...Just curious, How hard is it to get Gasior removed?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-60589743193500521162024-03-18T19:56:57.994-05:002024-03-18T19:56:57.994-05:00Here is the backstory of how Frank Morgan Gasior b...Here is the backstory of how Frank Morgan Gasior became a bank director at 19 and CEO at 24. Daddy named him.<br /><br />https://www.chicagotribune.com/1989/11/12/frank-w-gasior-founded-olympia-fields-bank/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-69727048195880848072024-03-18T16:10:20.212-05:002024-03-18T16:10:20.212-05:00Deal is closing 3/22:
BEDFORD, Mass., March 18, 2...Deal is closing 3/22:<br /><br />BEDFORD, Mass., March 18, 2024 (GLOBE NEWSWIRE) -- Homology Medicines, Inc. (FIXX) today announced that it declared a distribution to its common stockholders of record as of the close of business on March 21, 2024 of the right to receive one contingent value right (CVR) for each outstanding share of Homology common stock held by such stockholder as of such record date. The payment date for such distribution is expected to be March 27, 2024 (three business days after the expected closing of the merger on March 22, 2024). Each CVR represents the non-transferable contractual right to receive certain contingent payments upon the occurrence of certain events within agreed time periods as provided in the merger agreement and agreement governing the CVRs.MDChttps://www.blogger.com/profile/10679835609782815537noreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-68381102898957202072024-03-18T16:07:47.542-05:002024-03-18T16:07:47.542-05:00Not that I've seen. I'm still surprisingl...Not that I've seen. I'm still surprisingly drawn to this flaming pile of garbage, has to be some value in the IP, but might not be worth piecing apart.MDChttps://www.blogger.com/profile/10679835609782815537noreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-38095480672018603232024-03-18T16:04:30.785-05:002024-03-18T16:04:30.785-05:00Same, kicking it around a bit, but not sure I'...Same, kicking it around a bit, but not sure I'll fall for the fake bid twice.MDChttps://www.blogger.com/profile/10679835609782815537noreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-47031581010538702532024-03-18T16:02:39.728-05:002024-03-18T16:02:39.728-05:00https://www.sec.gov/Archives/edgar/data/1346824/00...https://www.sec.gov/Archives/edgar/data/1346824/000110465924035606/tm249128d1_ex99-2.htm<br /><br />ELYM close to a deal, oddly the target is pretty small, only $20MM valuation being assigned to it. There's also going to be a PIPE.MDChttps://www.blogger.com/profile/10679835609782815537noreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-73029614084305179742024-03-18T13:50:01.363-05:002024-03-18T13:50:01.363-05:00Saw a surge in price today - any news?Saw a surge in price today - any news?Akhttps://www.blogger.com/profile/09646479250565629294noreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-55377047661620322532024-03-18T12:58:44.612-05:002024-03-18T12:58:44.612-05:00With markets more buoyant and ~9 months since stra...With markets more buoyant and ~9 months since strategic alternatives announced, do you see any chance of them deciding to restart R&D / end strategic alternatives?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-44938706447441000632024-03-18T12:52:20.313-05:002024-03-18T12:52:20.313-05:00Im having dejavu with this name Im having dejavu with this name Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-89505169968937940152024-03-18T11:53:20.125-05:002024-03-18T11:53:20.125-05:00If a reverse merger were to occur, would a change-...If a reverse merger were to occur, would a change-in-control payment need to be paid by ELYM?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-7569872009440634572024-03-18T08:32:23.462-05:002024-03-18T08:32:23.462-05:00Allovir filed their 10-K: https://ir.allovir.com/s...Allovir filed their 10-K: https://ir.allovir.com/static-files/10a13668-8d88-4869-93a9-10c0e34e8e6c<br /><br />By my math, Q4 2023 cash burn was only ~$29.4MM, ~$0.09/share better than your original estimate of $40MM. Operating lease liability also slightly lowered by the early termination of the DMS Agreement. Seems like a good outcome.<br /><br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-20920660890199808962024-03-15T14:38:12.616-05:002024-03-15T14:38:12.616-05:00If there is going to bee $5 of cash when the reado...If there is going to bee $5 of cash when the readouts of both trials are available is it a good buy now at $3.85? If the trials show positive results, there can be some upside potential there as well. Although, I am a bit concerned about the dilution message posted above. <br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-12403785532449754652024-03-15T11:24:28.426-05:002024-03-15T11:24:28.426-05:00Not sure you have dug into BOOM more, but now Rado...Not sure you have dug into BOOM more, but now Radoff is involved in this one too. https://www.globenewswire.com/news-release/2024/03/15/2846948/0/en/DMC-Global-Enters-into-Cooperation-Agreement-with-Bradley-L-Radoff.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-54577489133840888522024-03-15T08:11:40.403-05:002024-03-15T08:11:40.403-05:00Unfortunately, looks like everything passed at the...Unfortunately, looks like everything passed at the meetingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-80868603560952255522024-03-13T20:19:36.260-05:002024-03-13T20:19:36.260-05:00Nah, it oddly dropped yesterday, just retraced the...Nah, it oddly dropped yesterday, just retraced the difference today. No change really.MDChttps://www.blogger.com/profile/10679835609782815537noreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-83193614425132887002024-03-13T19:57:07.567-05:002024-03-13T19:57:07.567-05:00I hope so too, but the delisting notice may have m...I hope so too, but the delisting notice may have more to do with not wanting to file the 10-K by the March deadline than with the liquidation progress.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-53692052897900219822024-03-13T19:42:25.611-05:002024-03-13T19:42:25.611-05:00I'm curious, why the price bump today? Is ther...I'm curious, why the price bump today? Is there any news out or is it just bc MDC moved the market?SJnoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-12836635076839443662024-03-13T19:24:45.719-05:002024-03-13T19:24:45.719-05:00Thanks - I continue to like it and will likely add...Thanks - I continue to like it and will likely add to it in the coming weeks as a couple other ideas roll off.MDChttps://www.blogger.com/profile/10679835609782815537noreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-88752842789625079192024-03-13T18:12:30.138-05:002024-03-13T18:12:30.138-05:00Financial Update:
- ELS business continued to show...Financial Update:<br />- ELS business continued to show improvement - Y/Y revenue growth accelerated and gross margins expanded meaningfully q/q.<br />- Revs +14% y/y (+10% q/q) to $8.6MM, led by US +25%; TTM revs $32.8MM.<br />- Gross margins 49.4%, +510 bps q/q, driven by fixed cost absorption, mix, and cost containment including RIF.<br />- OpEx down 4% y/y and declined meaningfully as % of sales to 75%.<br />- Cash declined $9.0MM q/q, but NCAV only declined $3.5MM. Net cash per share ~$1.10.<br />- FCF was a use of $(9.2)MM, an improvement vs. $(13.6)MM in FQ1.<br /><br />Other Update:<br />- Motion to dismiss Ransomware Attack class action suit is due 4/8/24.<br />- Shares out + RSUs +2% q/q (incl. 150K RSUs issued subsequent to quarter end).<br />- CEO was granted 150K RSUs on Feb 23; combined with existing shareholdings, she has ~275K shares of common and RSUs (also will receive a bonus equal to 0.75% of transaction value upon CIC).<br /><br />Target: $2.30/share (+90% to current as of 3/13/24)<br />Catalyst: Sale of ELS business to strategic<br />Timing: Announcement during FQE 7/31<br /><br />@MudlarkCapital on XAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-37749363883116421152024-03-13T08:09:59.126-05:002024-03-13T08:09:59.126-05:00I'm adding to this one. Biotech reverse merge...I'm adding to this one. Biotech reverse mergers have been performing pretty well recently (even if they fall on the deal announcement), the float is fairly small here with RA Capital owning half and BML in there for a good chunk too, any buzzy reverse merger deal could really jump. The cash and IP value provide some nice downside protection.MDChttps://www.blogger.com/profile/10679835609782815537noreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-58636763554682166312024-03-11T16:24:38.302-05:002024-03-11T16:24:38.302-05:00Hopefully CKX lands can sell its undivided 1/6 int...Hopefully CKX lands can sell its undivided 1/6 interest acreage back to Walker Louisiana Properties if Walker Louisiana Properties is not interested in selling land to another party. I'd imagine they could sell the acreage they own 100% of, sell the undivided 1/6 interest acreage back to Walker Louisiana, and keep the acreage where the sequestration plant will be built. Since the plant will possibly be built on the undivided 1/6 interest acreage, maybe CKX will give Walker Louisiana Properties a percentage of the revenue share. Many options here.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-75626038512738150932024-03-11T15:07:36.878-05:002024-03-11T15:07:36.878-05:00Mine appears correct, I would just call your broke...Mine appears correct, I would just call your broker. Not uncommon for them to adjust it a few weeks post-merger too.MDChttps://www.blogger.com/profile/10679835609782815537noreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-78770428882137297522024-03-11T14:45:58.825-05:002024-03-11T14:45:58.825-05:00by "cash received" here I meant the enti...by "cash received" here I meant the entire principal + gains (with cost-basis $0).SJnoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-46264036485580669332024-03-11T14:44:52.916-05:002024-03-11T14:44:52.916-05:00I'm seeing something weird on my brokerage acc...I'm seeing something weird on my brokerage account. I participated fully in the tender. I received the $4.05/share + CVR but the cost basis on the CVR is my initial principal and the cash received is being shown as short term gain. Definitely seems incorrect as I'll pay more in taxes than the gains I made but was wondering if anyone else also saw this and contacted their brokerage to fix it?SJnoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-51764259135301568472024-03-11T13:21:05.168-05:002024-03-11T13:21:05.168-05:00Looking at the 4Q23 balance sheet, I see the tangi...Looking at the 4Q23 balance sheet, I see the tangible book value for MACK is only $1.31/sh. With this Ispen dividend expected to be ~$15/sh, I see the final value of MACK to be ~$16.31/sh. Does that make sense?Anonymousnoreply@blogger.com