Thursday, June 21, 2018 9:11:18 AM
And it has to do with a company previously called Real Industry (RELY). I haven't put it all together yet, but this company (RELY) had over $1B in revenues from 2015-2017. Don't know specifically why they declared bankruptcy in Nov. 2017, but they did. Out of bankruptcy (in May 2018) emerged Elah Holdings. And on its board of Directors are Alpert and Webb.
https://www.sec.gov/Archives/edgar/data/38984/000155837018004521/f8-k.htm
So now Webb owns shares of Elah Holdings and Webb and Alpert hold about 4M shares of Globalscape.
Where does this story go from here? Your guess is as good as mine, but my guess is that with W&A's P10 Alternative Funds cash of $44M they could take control of either, or both, of these companies.
That's my DD for today.
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