Modtech Holdings Inc (fka MODTQ)

[leandro213]

MODTQ Undervalued ((COMPILED DD INCLUDED)) Read all

SPI Manufacturing
SPI Manufacturing was the largest designer, manufacturer and wholesaler of commercial and light industrial modular building structures. In 1998, the company merged with Modtech Holdings Inc. (Nasdaq: MODT), the largest manufacturer of modular, relocatable classrooms. Website and contact information: www.modtech.com

http://www.firstanalysis.com/index.asp?PID=18&cid=49&coid=2110#link2110

Possibility of R/M with Southern Modular?

If you google Modtech Holdings you come up with:

Modtech Holdings, Inc.
2830 Barrett Avenue
Perris, CA 92571

If you go to www.Southernmod.com the address listed there is:

SMI CALIFORNIA
2830 Barrett Avenue
Perris, CA 92571

Southern Mod is a HUGE multi million dollar company.

The property is being sold for 6.9 million:
http://www.loopnet.com/Listing/16389946/2830-Barrett-Ave-Perris-CA/

It is currently being leased by Southern Modular.

Modtech was still operating as a Debtor in possession in 2008:
http://la.curbed.com/archives/2008/10/prefab_sad_modtech_holdings_files_chapter_11.php

It is very clear that something is brewing here behind the scenes. Southern Modular is leasing Modtech's building to possibly figure out the market and to expand....now it is up to us to dig and find out what those plans are! A major question here is if Southern Modular is interested in acquiring this shell or if they already have.

Also, according to filings, Modtech had around $40 million in assets and only $34 million in debt. That means the company is cash flow positive. Another reason why COMMONS WILL REMAIN INTACT

If Southern Modular wants to go public.. what better way to do it with someone elses shell if all conditions are met!

Time to figure out Southern Modulars plans.

Also notice on the ModTech main site, that it was last updated in December of 2010. SOMETHING IS BREWING.

http://www.modtech.com
http://www.southernmodular.com
http://www.replay.waybackmachine.org/20080801211833/http://www.smimanufacturing.com/