Determine Inc fka DTRM

[Renee]

DTRM: Initial Liquidation. Company Dissolved. Rate per share: $0.14. Transfer Books Closed

FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

[420man]

https://otce.finra.org/otce/dailyList
Daily List Events
Summary
Date/Time Event Type Eff/Ex Date/Time Symbol Issue Name Market
06/14/2019 13:11:30 Liquidation/Final Distribution 06/17/2019 00:00:00 DTRM DETERMINE INC Common Stock Other OTC
Comments
Initial Liquidation. Company Dissolved. Rate per share: $0.14. Transfer Books Closed
Details
Current Value
Daily List Date/Time 06/14/2019 13:11:30
Event Type Liquidation/Final Distribution
Effective/Ex Date/Time 06/17/2019 00:00:00
Symbol DTRM
Issue Name DETERMINE INC Common Stock
Class
Market Category Other OTC
Offering Type No Restrictions
Daily List Comment Initial Liquidation. Company Dissolved. Rate per share: $0.14. Transfer Books Closed

[Zardiw]

Got the 8KSpy Alert on DTRM...............BOOOOOOMMMMMM

z

[Buster69]

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Determine, Inc. - DTRM
PR Newswire PR Newswire•March 16, 2019
NEW YORK, March 16, 2019 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating Determine, Inc. ("Determine" or The "Company") (DTRM) relating to the sale of the Company to Corcentric Acquisition, LLC. Under the terms of the transaction, Determine has agreed to sell substantially all of its assets to Corcentric for a cash purchase price of $32,000,000.

Monteverde & Associates PC Logo
Monteverde & Associates PC Logo
More
Click here for more information: https://www.monteverdelaw.com/case/determine-inc. It is free and there is no cost or obligation to you.

[First Crown Research]

you're welcome!

[Buster69]

After careful consideration, the Company’s board of directors has unanimously determined that the Asset Purchase Agreement and the tr ansactions contemplated thereby are fair to and in the best interests of the Company’s stockholders and declares advisable the Asset Purchase Agreement and the transactions contemplated thereby, and unanimously recommends that you vote “FOR” the proposals noted above.

they are literally laughing at us and spitting in our face

[Buster69]

they are offering .04 to .11 a share for shareholders...are you kidding me !!! we get totally screwed...the board and especially the ceo did major buying in the 6 weeks leading up to the sale announcement...we must ALL vote no !!! think of the french revolution...that's where we're heading...the rich get richer...the common person gets screwed

[t0n1]

Low float stock capable of easily hitting .50 to dollar!

[Nikolai771]

I appreciate you, sold 2 days ago.

[First Crown Research]

so this stock is a 0 since the offer's for 32m cash and their liabilities are 38.6m as of their last 10q. Based on the APA it doesnt seem like Corcentric is assuming any of those liabilities (in the definition of Excluded Liabilities it mentions vii. Closing Indebtedness) .

Also per the APA seems like the co. maintains the cash but at 7.5 as of Sept. so lets say that they didnt burn any of that in the past 5 months (highly unlikely). that'll give you at the most 900k equity but lets be realistic its prolly 0

accounts receivable are going to Corcentric.

A good short from here IMO

[t0n1]

DTRM $$$$$$$

[Femto99]

I have a big position with high avg here. I believe the trend is turning.

[Femto99]

I misread the news. It was an asset buyout. I am holding right now as I was holding MLT_C in the past

[Nikolai771]

So what would do you think would be the per share buyout price?

[Femto99]

What will they do after the sale?

[Femto99]

My highest purchase price was 0.5...... Trying to avg down

[Femto99]

$DTRM, 8X market cap buyout from $DORM ($2.9B NASDAQ listed) for $32m. https://www.otcmarkets.com/stock/DTRM/news/Corcentric-Inc-To-Acquire-Determine-Inc?id=218183

[Femto99]

The OS is actually 22m from the latest SC 13D/A

[Femto99]

Something is fishy, slapped ask and nothing change!

[Femto99]

Maybe some institution whats to get out at any cost due to delisting from NASDAQ.

[Curt D]

https://www.otcmarkets.com/stock/DTRM/news/story?e&id=1282560


Globally-Recognized Brand True Value Chooses Determine Inc. to Digitally Transform Contract Management for Their Business


True Value, One of the World’s Leading Hardlines Wholesalers, Selects Determine, Inc. to Ensure Best-in-Class Contracting, Collaboration and Compliance

CARMEL, Ind., Feb. 12, 2019 (GLOBE NEWSWIRE) -- Determine, Inc. (OTCQB: DTRM), the pioneering leader in global Source-to-Pay and Enterprise Contract Lifecycle Management (ECLM) Cloud Platform solutions, announced today that long-time customer True Value has implemented integrated, modular Contract Management to accelerate digital contract performance.

True Value Company, which has a longstanding reputation for independence and retail excellence with over 4,400 retail locations around the world, has been leveraging Determine Contract Lifecycle Management since 2011. Given the company’s expansive warehouse network, global retail presence, 13 regional distribution centers and roster of stores across 60 different countries, integrating the Determine Cloud Platform was a critical step in enhancing its efficiency and effectiveness.

“The new Determine Cloud Platform is much easier to use than the prior system. The process for requesting, approving and searching for contracts is more streamlined and enables us to operate much more efficiently. We are pleased to continue our partnership with Determine, Inc. and look forward to how this enhancement will positively impact our business goals.”
— Susan Radde, Assistant General Counsel, True Value

By managing contracts on the Determine Cloud Platform, the True Value leadership team and contract user base will benefit from a faster, more efficient and agile experience that epitomizes ease of use across devices, from desktop to tablet to phone. This provides all members of the workflow and approval process with full capabilities anywhere at any time, especially with soon-to-be implemented Docusign capabilities.

“By migrating to the Determine Cloud Platform, True Value optimizes and streamlines the end-to-end contract process across users and departments. As the company’s business continues to thrive, having the advanced collaboration, workflow and integrated data capabilities of Contract Management on the Determine Cloud Platform — and especially ease of use at all stages of the workflow process — will empower the company to better leverage contracts to maximize third-party relationships, purchasing compliance and obligations management. We have worked hard to build our longstanding relationship with True Value, and are incredibly proud to be entrusted with further enhancing their overall capabilities to achieve process efficiency on a global scale.”
— Patrick Stakenas, President, CEO and Director, Determine, Inc.

About True Value
True Value Company, headquartered in Chicago, is one of the world’s leading hardlines wholesalers with a globally recognized brand and over 70 years of experience serving independent hardware retailers. True Value Company provides its customers in over 60 countries an expansive product set with market-customized assortments at highly competitive prices, superior product availability, innovative marketing programs and a la carte value-added services like eCommerce ship-to-store, store remodel support and True Value University all within a flexible model that requires no membership. Serving over 4,400 stores worldwide, additional information on True Value is available at www.truevaluecompany.com.

Supporting Resources
Determine Blog
Determine on LinkedIn
Determine on Twitter
Determine Resources

About Determine, Inc.
Determine, Inc. (NASDAQ: DTRM) is a leading global provider of SaaS Source-to-Pay and Enterprise Contract Lifecycle Management (ECLM) solutions. The Determine Cloud Platform provides procurement, legal and finance professionals analytics of their supplier, contract and financial performance. Our technologies empower customers to drive new revenue, identify savings, improve compliance and mitigate risk.

The Determine Cloud Platform seamlessly integrates with major ERP or third-party systems such as SAP, Oracle, Sage, QAD and Microsoft. Modular solutions can be configured to add more as needed to provide additional value beyond spend management. Our unified master database and business process approach empower users at every level to make more informed and smarter decisions.

[Femto99]

L2 is very wired. Hiden seller try to dump???

[Quintessence]

No, but the news is getting more press. We could see an uptick tomorrow.

https://www.roi-nj.com/2019/02/11/tech/cherry-hill-based-corcentric-acquires-determine-for-32m/

[Femto99]

Can someone explain the price action? Thank you. I am so confused.

[Femto99]

What is going on with l2...

[Femto99]

Good price, my avg is way higher. The market cap was at $30m level last year, so it was a reasonable offer.

[Femto99]

Buy the dip!!!

[Femto99]

Thanks! I loaded a ton!

[Jdoe33649]

I believed theres a gap they are trying to filled.

[zomoney]

Just spoke with someone at Determine and they confirmed the purchase and reassured me that everything stated in press release is true and real! I suggested that they get Corcentric to release PR of the deal also

[zomoney]

For real I don’t get it, makes no sense! I think we maybe need Corcentric to release news also to really start the run up

[Femto99]

Never seen a buyout trade like this

[Femto99]

I got quite a bit over 40c. Not expecting the dip

[lowfloatmaster]

keep me posted

[zomoney]

I’m definitely holding been patient this long not gonna budge now. My guess is people are trying to verify and confirm cause of the huge multiple being paid. Tried calling them and there lines have been busy all morning

[lowfloatmaster]

agree share count just updated other day
so imo 2.0 strange

[zomoney]

Sale price is $32m, value based at current levels is $3.2m on 15m o/s so math says $2, I totally agree! Bought 10k shares at 0.35 at open!

[lowfloatmaster]

shouldnt this be 2.0 ???

[zomoney]

Patience pays off, $32m buyout that’s 10x current value!!!!

https://globenewswire.com/news-release/2019/02/11/1716422/0/en/Corcentric-Inc-To-Acquire-Determine-Inc.html

[Ryguy008]

Slapped .26 and 30 at the open here. Looks solid.

[makinezmoney]

$DTRM: HUGE RUNNER.... Now up to $0.42


WOW !!!!!!!!!!!!!!!!!!


I LOVE IT



GO $DTRM

[makinezmoney]

$DTRM: Massive 8k-out.... Company sold for $30Million Cash


Corcentric Acquisition, LLC, is the buyer.....

https://globenewswire.com/news-release/2019/02/11/1716422/0/en/Corcentric-Inc-To-Acquire-Determine-Inc.html


Current MarketCap of $DTRM only $3Million... this goes to $1 today.
Previous Closing price is $0.20/sh


https://www.otcmarkets.com/filing/html?id=13206248&guid=lqLtUH_dFSlI5th



Item 1.01 Entry into a Material Definitive Agreement.



Asset Purchase Agreement



On February 10, 2019, Determine, Inc. (formerly known as Selectica, Inc.), a Delaware corporation (the “Company”), Corcentric, Inc., a Delaware corporation (“Parent”) and Corcentric Acquisition, LLC, a Delaware limited liability company (“Buyer”), entered into an Asset Purchase Agreement (the “Purchase Agreement”) pursuant to which the Company has agreed to sell substantially all of its assets to Buyer and Buyer has agreed to acquire such assets and assume certain liabilities of the Company as specified in the Purchase Agreement (the “Asset Sale”). As consideration for the Asset Sale, Buyer has agreed to pay to the Company a cash purchase price of $32,000,000 (the “Purchase Price”), subject to certain adjustments and escrow arrangements specified in the Purchase Agreement



At the closing of the Asset Sale (the “Closing”), which is to occur no more than two business days following the satisfaction or waiver of all closing conditions set forth in the Purchase Agreement, Buyer will deliver to the Company a cash payment equal to $29,782,000, representing the Purchase Price, minus the Escrow Amount (as defined below), minus $217,500, for the premium to obtain an insurance policy (the “R&W Insurance Policy”) selected by Buyer providing insurance coverage to Buyer in the event of breach or inaccuracy of the representations and warranties of the Company under the Purchase Agreement (collectively, the “Cash Purchase Price”). At the Closing, $2,000,000 of Purchase Price (the “Escrow Amount”) will be held in escrow as security for the indemnification, compensation and reimbursement obligations of the Company under the Purchase Agreement (the “Escrow Fund”) and, unless earlier used to satisfy claims pursuant to the terms of the Purchase Agreement, such amount will remain in the Escrow Fund and will be delivered to the Company shortly after the twelve (12) month anniversary of the Closing.



GO $DTRM

[Renee]

DTRM delisted from the Nasdaq to the OTC:

http://otce.finra.org/DLAdditions

[ClayTrader]

* * $DTRM Video Chart 11-30-18 * *

Link to Video - click here to watch the technical chart video

[willlbone]

Peppy Le Pew dropped a stink bomb.

[wallstreet9999]

Why the decline today?

[shanak10]

Nice day for $DTRM today so far +14%

[stocktrademan]

DTRM bullish 3.50

inverted head and shoulders bottom









normal chart




log chart