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Re: None

Saturday, 10/07/2017 12:12:10 PM

Saturday, October 07, 2017 12:12:10 PM

Post# of 274
So, Warren Lichtenstein (WL)owns Steel Partners (SPLP). He took a majority interest in Handy and Harmon (HNH). Subsequently he bought (HNH) outright and made them a part of SPLP. WL currently owns 35% of MLNK (through SPLPs holdings). MLNK currently is holding $2BN of NOLs.

If we can take PIOEs recent acquisition of RCP partners using mostly NOLs, my math (which is definitely suspect) says that MLNKs NOLs ought to be worth $175MM using the recent PIOE metric. Their whole business is currently only valued at $112MM, which I'm assuming assigns no value to the NOLs.

What do people think?
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