Oakridge Holdings Inc. (fka OKRGQ)

[Big Brother]

Highly illiquid but looks kind of interesting, only 1.4M shares o/s.

Not entirely sure whats going on with it though, sounds like they sold Stinar but for only $300K?? doesn't make much sense, Stinar has a couple million in assets alone.

On June 20, 2016, Oakridge Holdings, Inc., a Minnesota corporation (the “Company”), and its wholly owned subsidiary, Stinar HG, Inc., a Minnesota corporation (“Stinar”), entered into an Asset Purchase Agreement (the “Agreement”) with Kruckeberg Industries, LLC, a Delaware limited liability company (“Purchaser”). Pursuant to the Agreement, the Company and Stinar agreed to sell to Purchaser substantially all of the assets owned by Stinar for the operation of Stinar’s commercial and military aviation ground support business (the “Business”), including the premises located at 3255 Sibley Memorial Highway, Eagan, Minnesota 55121, used in the operation of the Business, for an aggregate purchase price of approximately $300,000 in cash, subject to upward or downward adjustment based on the current liabilities to be purchased and assumed by Purchaser pursuant to the Agreement. The closing of the transactions contemplated by the Agreement is expected to occur later this year, subject to the satisfaction of customary closing conditions as further described in the Agreement (the “Closing”).