LIG Assets Inc (LIGA)

[tigerpac]

The problem I see is that Baker has created a bunch of “levers” that can be pulled to create whatever outcome he is trying to achieve. Not all the levers are good for shareholders but almost all can be good for Baker. He alone decides what assets LIG will keep, what gets spun off, what cash gets distributed where, what liabilities and debt the shareholders get stuck with.

It makes this stock very difficult to value. Because you can’t be 100% certain the assets will remain within LIGA.