Cadus Corp. (fka KDUS)

[RNsidersbuying]

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