Sure.
I'll give you some oversight and suggest you read some of the older Yahoo Board postings.
RAMR is a reinsurance company who elected not to be listed to save money. They also cut back on the number of Directors for same reason. They announced in their 2009 Annual that they are in "run off." This has been repeated in a release.
Their employees, with the exception of one, have been hired by a company that is managing RAMR at no cost. The management company is controlled by the major shareholder Steven Tynan who effectively controls with other insiders and past insiders 67% of the shares. Insiders had been buying heavily up until the time RAMR no longer had to report such activities.
In May of 2010 they signed a 3 year lease on their offices in Bermuda.
Their BV is about $3.80 currently. They have been benefiting by the actions of FGIC. Also buying in their notes and pfd at discounts. If the trend continues, it is estimated they could have a BV near $5.00.
The steady increase in share price is due to a tightening of the float (about 8M), the increase in BV and the prospects of either a liquidation or merger more than likely sometime within 2 years.
They reported a nice profit in the 1st Qtr of 2010 and the 2nd Qtr report, due last week, has been delayed until early November. They recently changed auditors but that does not necessarily signal either positive or negative.
On a personal level, this is the single largest investment I own.
Again, more detail can be garnered going to their website or reviewing the Yahoo Board.
