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Q3 filed 11/13:
Still maintaining $1.50+ tangible book value with a less than -.01 quarterly burn with some operational updates. Maybe we can expect news sometime, maybe, sometime?
Note - 5 Real Estate Operations
In connection with the Company’s program to purchase residential properties for purposes of renovation or construction and resale, as of September 30, 2015, the Company had purchased for an aggregate original price of approximately $29.9 million, and continued to own, through two indirect wholly-owned subsidiaries, twelve residential properties in Miami-Dade County, Florida and one residential property in East Hampton, New York. The Company is currently in the process of renovating two homes for resale. The Company is also in the process of obtaining permits for the construction of homes on three of its properties.
http://ih.advfn.com/p.php?pid=nmona&article=69313577&symbol=KDUS
8 mil float gets exciting real fast, Carl Icahn is enough for me and our friends, nice bites today, had a feeling some volume was coming in
When you are least excited or tempted to sell, usually time to accumulate.
oh there are a few of us, most real quiet,
;O)
I been holding for over a year, the excitement is wearing off lol
I thought I was the only one excited about Cadus :)
cant be a lot of shares to see with an 8 mil float
Q3 filing due 11/16. Would like to see some positive updates otherwise our nauseating seller might continue with his notion that Icahn will lose money on that gob of shares he paid $1.50's for?
Good question? My point was... with an ace negotiator directly in control and an ace builder indirectly associated, one would think that showing a profit on $30M in FLA real-estate ventures would be like playing tictactoe to these guys - while some here just continue selling shares?
Would he have to put his holdings
in a lock box or liquidate some if he took a position in his cabinet?
That 'aint gonna to happen.
It's already mine :)
Trump touted Icahn again Monday night in the Dallas speech and Wednesday night in the debate as his (would be) top negotiator. So we've got a ninja master negotiator here at the helm and his good friend and confidant, Trump, a ninja master builder.
One might think this stock should attract more interest?
Cuz he ain't t running it. His son-in-law is.....I think. Or son. In any event, he won't let this fail....unless he needs a Vehicle for Loss?? Bottom line, it's just unsexy right now and there isn't much overall volume. Yawn. Wishing he would merge with Voltari. Then it would be on.
Add 1.12, on bid 1.08 - could become my largest position.
haha - have you noticed Trump in every speech mentions "Icahn" as a top negotiator? Sure wouldn't know it looking at this, his, pos
If this is so safe how come it keeps dropping?
Q2 filed 8/14:
http://ih.advfn.com/p.php?pid=nmona&article=68180233
More status quo - 'Watch this KDUS paint dry' - as safe of a play I can see but extremely boring!
Q-2 filing due 8/15 ?????
The number of shares of registrant’s common stock, $0.01 par value, outstanding as of April 30, 2015 was 26,288,080.
Real estate held for development $30,590,798
Cash and cash equivalents $11,260,618
Total liabilities $(178,306)
= 41,373,110 Hard Assets divided by 26,288,080 = $1.57 pr share.
Q-2 filing due 8/15 - might they re-adjust that "Real Estate" value number? I was in downtown Miami a few weeks back - never seen so many construction cranes at work? Mr. Icahn has been a busylittlebee over at V L T C and E N Z N - might he pay some interest over here - buy some more shares??
Added recently to my poke at 1.28 and sleeping soundly with money invested here.
Invest like Carl Icahn? My answer is yes, that's why I have a big position in Cadus (kdus)....
Should you invest like Carl Icahn? http://video.cnbc.com/gallery/?video=3000380884
Congrats to those involved with vltc.
Dido on the kdus much needed love. If vltc price action comes to kdus, drinks on me :)
VLTC (Icahn play) rockin' today, let's get some associative KDUS love. I want $2 in KDUS by next Tuesday! Or I'm taking my ball, and going home! :)
I am not a day or momentum trader, but thank you for admiring my patience.
Due to the lack of liquidity, not easy for the big money to get involved. For Small guys like me, this is perfect before we one day see cadus get up listed.
Remember the bigger the base, the bigger the space once a stock breaks out...that's how I see Cadus.
Icahn, real estate, honig (?), makes me sleep well at night.
Well, I admire your patience, I just checked through your posts, and see you've been in KDUS for a while. I don't have that kinda patience, was hoping for a VLTC-related Icahn momentum play, but now I'm watching forest moss photosynthesize lol.
Hoping something happens in next (arbitrary timeframe) 2 weeks, or I'll find greener (more exciting) cow pastures.
good luck :)
Added here today, I couldn't resist. I love the long basing pattern along with the recent big up day on strong volume.
1.40 looks to be a floor and I will be shocked if we don't see a 2.00 handle by year end.
You got that right. Volume dried up...
Like I said pump team came thru for two days and now gone. You missed it , back to being quite here for a while. I'm ok with that I'm long...
Yep: FORM 8-K
"Effective February 6, 2014, the Board of Directors of Cadus Corporation appointed Hunter C. Gary to fill the resulting vacancy. In accordance with the Company’s By-Laws, he will serve as a director until the next annual meeting of stockholders and until his successor has been duly elected and qualified or until his earlier resignation or removal. Hunter C. Gary ia a Senior Vice President of Icahn Enterprise L.P., an entity controlled by Carl C. Icahn, a major beneficial shareholder of Cadus. Mr. Gary is married to Carl Icahn’s wife’s daughter."
does any have a link that shows Carl's son is on the Board of Directors?
yep! like it was down 16 cents..on board tomorrow
Nice to see you here levelnever, been a while. I took a position on the pullback today...limited risk but lots of potential upside reward....
On ~600,000 shares traded yesterday this traded up from 1.38 to 1.65. If this ever got anywhere near the ~35,000,000 shares traded today by other Icahn play EN_ZN, more than the entire O/S here this could easily pop right up and be a significant mover like VL_TC. The crowd may or may not end up seeing the story here, but the fundamentals and value of this company remain sound. Great value & potential, with limited downside risk atm.
phht! uh huh. this party hasn't even started yet
Too late
Icahn buying 12.5 million shares last year at 1.53/share is enough for me to follow his lead. He put $19,000,000+ into this stock last year and from his history I imagine he doesn't put in money with no plan to see that investment grow. Zero doubt in my mind that this will make a very strong run, the only question is when and how high. My gut is that much like VLTC, once there is a move it will be too late to get in at low prices, it will spike rapidly. So I have been and will continue to hold long with limited downside based on currently being below NAV and the strong cash position here.
Thanks KT! GLTU!
It's churning. Going to get exciting when it breaks that $1.80 range. Great call on VLTC...been watching it all the way up. Unreal!
kt
golden cross coming soon...
Well said!
I think it's only a matter of time...
The morale of the story is begin accumulating when no one is posting messages or minimum activity on this board.
I have been a strong buyer (backed up the truck) over the past year or so believing Cadus was one of the better risk/reward opportunities, given where the stock market has risen since March 2009.
Cadus under 1.40 was an early Christmas gift and for those who were savvy enough to buy, congrats.
Yesterday's massive volume was someone telling us we are investing in something special.
Investing along side Carl Icahn including other world class investors (honig I believe is still in - please clarify) is a rare opportunity given the recent valuation...biggest no brainer of all time.
Very nice post Thanks!
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Cadus Corp. 767 Fifth Avenue New York, NY 10153
| 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
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 |
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