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"THERE'S SOMETHING HAPPENING HERE!!!"
Only NITE gets shares at the bid, to cover his shorts. He's the AX and as soon as there is appreciable shares at the ask he drops-off. I was bid-sitting for 3 months. Managed 32K from my bid orders. Friday saw 115K sells, though, so bidders had a good chance and I think it will continue as some get scared and jump-ship. I grab under .07 right now but the ask hasn't dropped below .08 for a month. No shares is NO SHARES! GLTA
$KEYO
Just a wiki page:
http://en.wikipedia.org/wiki/Equity_carve-out
Many possibilities. History has taught us that PSS does not do things conventionally and never relinquishes control of his interests.
Form 10 baby!
$KEYO
I have TVs, just none of that commercial broadcast media (cable/sat/ears) garbage. Made a pact when I had kids. Every time I watch TV somewhere else, it reaffirms my decision!
He's not going to be plugging any corporate transactions in that segment, anyway. I can wait. But Monday is a long way off!
$KEYO = $NANT...works
That was it, thanks HMB2010. I guess I'll have to use that free week and watch afterwards. Prolly be on youtube.
$KEYO
Looks like there's a GRiPS on that #1 spot!
crackmyselfup
$KEYO
Does anyone know if you can watch the 60 minutes online. Otherwise I'll have to go down to the ba or watch it from the archives.
$KEYO = $NANT
big k: Did you see a preview commercial. I forgot about those. I don't have broadcast TV service so I will miss it.
I'm sure the crew will cover it
$KEYO
How do you know PSS will be on 60 Minutes? Perhaps it is just a segment about mHealth and the new RX-only Blackberry phone will be covered? If you have a link to a "upcoming" 60 Minutes, please post it.
$KEYO
HA HA HA! Steal-away my friend! That's awesome!
Yes, as long as this is PSS's shell I am happy to hold my shares. If I end up buying IPO shares of NantHealth, that's fine! I am happy to invest in the good doctor any way I can. And I certainly wouldn't wish awful misfortune on anybody, regardless of our differing of opinion.
$KEYO
No HMB2010, I just wanted to share my headache! There are so many different M&A possibilities, and I am, unfortunatley, not an M&A attorney. But PSS has a whole slew of them! I wonder why? HHHHMMMM?
$KEYO
KEYO =
Tracking Stock
Tracking Stock
Shares issued by a company which pay a dividend determined by the performance of a specific portion of the whole company. It is generally a class or series of common stock of the issuing corporation. Tracking stock does not represent or require any change in business structure. Holders of tracking stock are considered to hold equity in the parent company and not the specific entity represented by the tracking stock. Payment is subject to the risk of the operations of the issuer as a whole. Tracking stock is often set up by companies that have several diverse divisions, both so that investors can take a share in a division of their interest, and so that the performance of these divisions can be tracked in terms of shareholder interest. A company will sometimes issue a tracking stock when it has a very successful division that it feels is underappreciated by the market and not fully reflected in the company's stock price.
.
Salient Features of Tracking Stock
1. Voting Rights
Holders of tracking stock typically have voting rights, which may be fixed at the time of issuance or floating ( e.g., fixed but subject to periodic adjustments based on relative market values).
2. Dividend Rights
The dividend rights of tracking stock are based on the earnings of the tracked business. The dividend policy ( i.e., when and how much of the tracked business’ earnings are to be distributed) is subject to the discretion of the Board of Directors of the issuer.
3. Liquidation Rights
Holders of tracking stock do not have a special right to the tracked assets and share in all of the issuer’s assets. Liquidation rights are often based on the relative values of the tracked and total assets at the time of issuance, but are sometimes fixed in proportion to relative market capitalization immediately prior to liquidation.
4. Conversion Rights
The issuer can generally elect to convert the tracking stock, often at a premium, into another class of stock subject to certain restrictions. In some transactions, the tracking stock automatically converts to another class of stock if the issuer sells the tracked assets. In other instances, conversion may be one of several options.
$KEYO
Alternative public offering
An alternative public offering (APO) is the combination of a reverse merger with a simultaneous private investment of public equity (PIPE). It allows companies an alternative to an initial public offering (IPO) as a means of going public while raising capital.
There are two parts that comprise an APO: the reverse merger and the PIPE. In the reverse merger, the private company becomes public by merging with or being acquired by a public “shell” company. The shell company is a public company that has no assets or liabilities. When the private company and public shell merge, the combined entity thereafter trades under the previously private company’s name rather than the shell company’s name as it did before.
What differentiates an APO from a reverse merger is the simultaneous PIPE raise. A PIPE is when a publicly traded company sells its stock to investors in a privately negotiated transaction. The stock is normally sold at a discount to current market value and investors are normally acquiring unregistered “restricted” stock. The typical PIPE investor is an institutional investor such as a hedge fund or mutual fund. PIPEs are usually completed by investment banks who act as “Placement Agent” in the transaction.
$KEYO
The “Double Dummy” Merger: Overview, Example, and Update
http://www.royseuniversity.com/double-dummy-mergers/
$KEYO
Excellent post HMB2010! He will not court Wall St with an IPO. His companies would be set up as corporations if that was his plan.
Equity carve-out (ECO), also known as a split-off IPO or a partial spin-off, is a type of corporate reorganization, in which a company creates a new subsidiary and subsequently IPOs it, while retaining management control.[1][2] Only part of the shares are offered to the public, so the parent company retains an equity stake in the subsidiary. Typically, up to 20% of subsidiary shares is offered to the public.
The transaction creates two separate legal entities, the parent company and daughter company each with their own boards, management teams, financials, and CEOs. Equity carve-outs increase the access to capital markets, enabling carved-out subsidiary strong growth opportunities, while avoiding the negative signaling associated with a seasoned offering (SEO) of the parent equity.
$KEYO
Then why did they put quotes around “when the technology is ready,”?
Perhaps he said, "Don't quote me on initial public offerings".
$KEYO
$KEYO .08 X .12
Ditto. G'night. Sweet dreams!
$KEYO
The last time I checked NASD/AMEX the name had not been reserved. Though, any name reservation can be bought for $20K or less. He doesn't care. If NANT is not available, it will be NHTL or NWKS or something. Symbols don't matter when it comes to proteomics.
§KEYO§§KEYO§§KEYO§§KEYO§§KEYO§§KEYO§
Tim Kelsey is National Director for Patients and Information and joined NHS England from the Cabinet Office where he was the first Executive Director of Transparency and Open Data. Tim is a leading advocate of a popular knowledge revolution in our public services and, in 2000, co-founded Dr Foster, a company that pioneered the publication of patient outcomes in healthcare. He is an internationally regarded expert in thinking differently about how digital and social media can transform the customer – and patient – experience in public services. In 2007, he launched NHS Choices, the national online health information service which now reports around 20 million unique users a month.
PSS - "My kind of guy"
$KEYO
He converted his $15M investment, which would have been treated as equity in the liquidation, to shares and voting power long after the decision to sell-off the wireless/voip assets was made. He converted his investment to a control position at a 70% loss-to-value for a reason. Corporate structure. Public asset. Inherent rights. He does things his way...80%. Own some Celgene? Yeah, you're fine, right? Hold your KEYO, regardless.
$KEYO
KEYO =
And NITE sold short to you:
http://otcshortreport.com/index.php?index=KEYO#.VIDRXUDN7vY
Most likely him covering today with the .08's. Otherwise, there has not been shares sold at the bid for weeks. Float-lock!
$KEYO
"I'm here tring to get some info on this "Pump-n-dump"...
Consumer Electronics Show:
The Grand-daddy of all trade shows.
http://www.cesweb.org/
$KEYO
$KEYO .098
§KEYO .085 X .098 §
Where does SF say IPO? In the video both he and PSS say "going public" Only IPO is in print, so far. I couldn't care less, anyway. I'll be in on an IPO just the same as in on KEYO. Anything to get a piece of the Good Doctor!
$KEYO
KEYO =