STR Holdings Inc (fka STRI)

[Skinny Mulligan]

No longer operating. Just waiting on final contingent payment(s) from buyer (if any) before making liquidating distributions. Contingent payments (if any) will happen January 2022. It's impossible to accurately estimate what the distributions will be because the last available financials are 2019 Q2. But based on the liabilities left on those statements the distributions per share would approximately be:

$0.10 - Assuming no contingent payments were received
$0.14 - Receiving just the $800K payment (seems likely)
$0.23 - Also receive 1.7M payment (based on collection of purchased STRI receivable(s))

Disclaimer: distributions would go to $0 if the liabilities went up by $2M since 2019. Or if the officers left to complete the wind-up bleed the cash down to $0 with payments to themselves for "services" they claim to perform. Updated financials would be nice.

The absolute maximum distribution would be $0.55 / share, if for some miracle the company had no liabilities at the time of sale and no additional expenses were incurred by STRI after that point.