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Cadus Corp. (KDUS)

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Last Post: 12/9/2016 1:24:06 PM - Followers: 21 - Board type: Free - Posts Today: 0

 

Contact Information Business Description
Cadus Corp.
767 Fifth Avenue
New York, NY 10153 
  • Phone: (212) 702-4315

Carl Icahn has upped its stake Cadus Corporation (OTCBB:KDUS), a new filing with the U.S. Securities and Exchange Commission showed. Mr. Icahn own 17.82 million shares of Cadus Corporation (OTCBB:KDUS), equal to 67.81% of common stock shares outstanding. The new position is up from 5.26 million shares the fund held previously.

 

image: http://cdn2.insidermonkey.com/blog/wp-content/uploads/2013/08/Carl-Icahn-sitting-on-money-450x600.jpg

Carl Icahn - Icahn Capital Lp

 

According to the filing, Mr. Icahn acquired an aggregate of 12.56 million shares at $1.53 per share upon exercise of the basic subscription rights and oversubscription rights in the rights offering conducted by the company.

In a Form 8-K filed June 6, Cadus Corporation (OTCBB:KDUS) reported the results of its rights offering. Pursuant to the rights offering, subscription rights to purchase 13.14 million shares of the company’s common stock were exercised, resulting in gross proceeds of about $20.1 million.

Cadus Corporation (OTCBB:KDUS) is engaged in the business of purchasing individual homes and individual residential lots, renovating or constructing on them, and reselling them.


Read more at http://www.insidermonkey.com/blog/billionaire-carl-icahn-boosts-stake-in-cadus-corporation-kdus-to-over-60-322114/#m8Dqf1O85BjEkYER.99

 

OTC Market Tier

  • Pink Quote/OTCBB

State Of Incorporation

  • DE

    Jurisdiction Of Incorporation

    United States

Company Officers

  • Michele Paige, President, CEO

CIK

  • 0000911148

    Fiscal Year End

    12/31

Estimated Market Cap

  • $16,561,490 as of Oct 24, 2008

    Outstanding Shares

    13,144,040 as of Apr 30, 2004

    Number of Share Holders of Record

    87 as of Mar 31, 2008

Company Notes

  • Formerly=Cadus Pharmaceutical Corp. until 7-03

Security Notes

    • New Issue=7-96 2,750,000 shs at $7 by Hambrecht & Quist et al.
The information provided here has been obtained from publicly available sources as well as directly from issuers in some cases.
 Radus Reports Second Quarter 2008 Results

NEW YORK, Aug 14, 2008 /PRNewswire-FirstCall via COMTEX/ -- Cadus Corporation (OTC Bulletin Board: KDUS) announced today financial results for the second quarter ended June 30, 2008.
Revenues were $0 for the second quarter of 2008 and for the same period in 2007. Net income for the second quarter of 2008 was $52,795, compared to net income of $218,960 for the same period in 2007. Basic net income per share for the second quarter of 2008 was $0.00, compared to basic net income per share for the second quarter of 2007 of $0.02.

Revenues were $100,000 for the first six months of 2008 and for the same period in 2007. Net loss for the first six months of 2008 was $155,201, compared to a net loss of $339,509 for the same period in 2007. Basic net loss per share for the first six months of 2008 was $0.01, compared to a basic net loss per share for the same period in 2007 of $0.03.

As of June 30, 2008, Cadus had 13,144,040 shares outstanding.

This press release may contain forward-looking statements that involve a number of risks and uncertainties. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are set forth in the company's annual report on Form 10-K for the year ended December 31, 2007. These include risks and uncertainties relating to the company's ability to license its technologies to third parties, the company's capital needs and uncertainty of future funding, the company's history of operating losses, the unpredictability of patent protection and the risk of obsolescence of the company's technologies.



CADUS CORPORATION
Condensed Consolidated Balance Sheets

ASSETS
June 30, December 31,
2008 2007
(Unaudited) (Audited)
Current assets:
Cash and cash equivalents $13,536,436 $2,444,376
Short term investments 11,791,197 22,960,545
Interest receivable 31,394 102,518
Prepaid and other current assets 34,192 1,150

Total current assets 25,393,219 25,508,589

Investment in other ventures 190,868 186,790
Patents, net 507,617 550,834
Total assets $26,091,704 $26,246,213


 


 

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KDUS News: Quarterly Report (10-q) 08/15/2016 04:04:42 PM
PostSubject
#235   Tax loss selling season once again. Thanks for wannabeeinhorn 12/09/16 01:24:06 PM
#234   Someone has been dumping over the last week. DesertRat1 12/08/16 05:01:40 PM
#233   http://therealdeal.com/miami/2016/11/14/ron-shuffield-miami-luxury-sellers-its-t shrlck9 11/21/16 08:14:32 PM
#232   Carl Icahn rumored to be in Trump's cabinet...possibly DesertRat1 11/10/16 01:28:40 PM
#231   New lot for sale: http://caduscorp.com/portfolio/ SSP 10/21/16 01:03:45 PM
#230   Interesting. Although I'm hoping for something more specific DesertRat1 09/09/16 10:30:02 AM
#229   #msg-125040929 money flowing to real estate. SSP 09/08/16 02:27:05 PM
#228   Lets hope this is the start of something good. DesertRat1 09/08/16 01:33:11 PM
#227   Ok ok, decent volume today. wannabeeinhorn 09/07/16 03:10:30 PM
#226   Bullish on real estate?: This is the best time wannabeeinhorn 08/23/16 12:08:29 AM
#225   biz.yahoo.com/e/160815/kdus10-q.html Form 10-Q for CADUS CORP [/t Theo 08/15/16 05:38:21 PM
#224   It looks to me like it was Unlisted, natstocks 07/25/16 06:38:51 PM
#223   Damn if that's the case. Was hoping to wannabeeinhorn 07/25/16 04:50:57 PM
#222   Did '3437 N Moorings Way' get sold? RNsidersbuying 07/25/16 11:02:58 AM
#221   I could use the same. :-) DesertRat1 07/20/16 01:34:15 PM
#220   At least give us shareholders a free stay wannabeeinhorn 07/19/16 12:00:45 AM
#219   Carl Icahn wins big in Herbalife decision. DesertRat1 07/15/16 10:52:25 AM
#218   The lack of messages posted on this board wannabeeinhorn 06/17/16 12:54:15 PM
#217   With tangible book of 1.57 and the Icahn-card RNsidersbuying 05/27/16 12:58:36 PM
#216   If this property doesn't sell maybe an Airbnb wannabeeinhorn 05/21/16 06:37:14 AM
#215   Lol. Good to know we have a good wannabeeinhorn 04/29/16 05:32:06 PM
#214   zillow shows it as listed again. Got the RNsidersbuying 04/28/16 09:33:20 AM
#213   I think it's pretty common to add, remove, natstocks 04/27/16 02:41:13 PM
#212   Roof leak? wannabeeinhorn 04/27/16 08:36:22 AM
#211   3437 Moorings Way listing has been removed. Anyone RNsidersbuying 04/25/16 11:13:26 AM
#210   Thanks for the links. Let's hope one sells close wannabeeinhorn 04/21/16 01:21:29 PM
#209   The homes at 3506 Main Lodge Drive and RNsidersbuying 04/21/16 12:56:00 PM
#208   Thanks for supporting here! I remain bullish and wannabeeinhorn 04/08/16 08:24:19 AM
#207   Adding a few back here in the low RNsidersbuying 04/06/16 12:18:36 PM
#206   Interesting insight. Thanks for the info. DesertRat1 03/31/16 10:28:34 AM
#205   First time they've detailed the individual properties. Maybe RNsidersbuying 03/31/16 09:59:20 AM
#204   10-K out. (yawn) DesertRat1 03/30/16 05:05:47 PM
#203   One thing about it... can't be dilution or Theo 03/17/16 11:47:30 AM
#202   mmCDEL continues pounding the ask downward as if RNsidersbuying 03/17/16 10:51:26 AM
#201   Below a buck now. DesertRat1 03/16/16 09:57:35 AM
#200   A few weeks ago, mmCDEL posted up a RNsidersbuying 02/19/16 12:05:18 PM
#199   Decent volume but we need this bad boy wannabeeinhorn 02/17/16 02:00:30 PM
#198   seems good, lets hope there is some money gdog 02/12/16 08:18:20 PM
#197   8-K filing... jobynimble 02/12/16 06:28:01 PM
#196   Maybe this is Icahn's loss-producing vehicle for his portfolio. rcaselli 02/11/16 11:19:48 PM
#195   Problem is its not looking attractive to people gdog 02/11/16 11:21:23 AM
#194   As far as we plebes know, the excellent RNsidersbuying 02/11/16 10:16:23 AM
#193   Down again this a.m. , someone needs gdog 02/10/16 10:59:12 AM
#192   The entire market is. wannabeeinhorn 02/09/16 08:32:31 PM
#191   This is turning into a long loser. gdog 02/09/16 01:24:57 PM
#190   I don't get the bullishness here.. Icahn only devera 12/29/15 05:01:58 PM
#189   The Company is currently in the process of RNsidersbuying 12/11/15 08:22:57 AM
#188   I couldn't resist, had to chip today. wannabeeinhorn 12/10/15 02:44:14 PM
#187   Hopefully they offer shareholders a discount if we wannabeeinhorn 12/09/15 09:22:08 PM
#186   finance.yahoo.com/news/cadus-announces-corporate-220000939.html C Theo 12/09/15 05:57:49 PM
PostSubject