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Re: Philip8 post# 1006

Thursday, 12/09/2021 6:47:30 PM

Thursday, December 09, 2021 6:47:30 PM

Post# of 1013
Ah gotcha. Thanks again. So we're talking about several years, including the onset of the Covid pandemic that took down the entire stock market. I don't think the situations are comparable. Singer might be the same, but we've got a different management team. Our CEO (who unlike Singer is highly respected) seems determined to either return cash to shareholders and/or make an acquisition. Did CCUR say something like that and not follow through during all those years? Instead they just burned through a chunk of that cash. That's terrible if so, and I can understand why you were upset.

“At closing, we anticipate that Evolving Systems will have a debt free balance sheet with approximately $37.5 million in cash and cash equivalents,” said Matthew Stecker, President & CEO of Evolving Systems. “The Board of Directors has established an investment committee to evaluate options to maximize the value of the Company’s assets, including, but not limited to, identifying potential opportunities to invest in or acquire one or more operating businesses that provide opportunities for appreciation in value and/or returning cash to shareholders.”