Born Inc. (BRRN)

[horst]

This is worth its own post: as an institutional investor and lender, FiveT Capital Holding AG has every investment opportunity open to it. For example, FiveT has purchased private placements of NASDAQ-listed stocks a steep discount, and these can be turned around quickly for steep profit. They can make (and have made as recently as September) convertible loans that bring in extraordinary returns. FiveT is a highly reputable major Swiss player that's owned activist stakes in PLUG, American Apparel, The Street, and more, and that recently made a convertible loan to EARS with very good terms. These guys know how to make money and have no shortage of opportunities to do so. It would be wildly out of character for them to purchase control of a shell in cash only to let it sit idly--guys like this don't leave their cash sitting around without it turning a profit.

It's still of extreme interest that they're headquartered in the Avaloq building and have crossover with stakeholders/board members.

The pps/market cap is now lower than it was when they bought control of QUTR. That being the case, 400K new cheapies for me so far today. I frankly have more than enough but it's hard to pass them up....

All my opinion as always :)

H