What is the current capitalization of this stock? How many shares are out standing? And with 20700 shares you are saying you owned 25% of prdm? 20700x 17 x 10 =3,519,000 shares pre split? PRDM originally had 14,000,000 shares.
I picked up 50% of the PRDM stock that I owned in the last week of trading. I believe that at the time it brought me up to about 12% of the outstanding stock (because of the increased number of shares from preferred conversion).
I only bought 5000 of those shares prior to the first reverse. Also, your calculation is not correct. (x 17 x 10=) should be (x 15 x 10=). In pre first reverse numbers I bought most of the shares for 2 1/2 cent up to 8 cents per share instead of the $1.00 per share for the first ones.
As far as the shares of IXYS there are about 12 million issued shares. So, while I had a BIG chunk of PRDM I only have a nibble of IXYS. (A position I like much better).
What if IXYS pubilic stock collapses? Could the new company be worth more to IXYS dead than alive? They bought PRDM for the shell and NOL(net operating losses)...What if the stock drops-is there any value to this? Would they be able to gernerate more losses, possibly on paper. Could that be used in the future. I don't know, I just bring it up as an issue. Something is F(*(&ked up when you have a new company with no volume and no press release, ect. HAS ANYONE TALKED TO IR AT IXYS??? I DON'T GET IT. 1600 SHARES TRADED ON FRIDAY AT 2:30 CENTRAL TIME ACCORDING TO YAHOO.
Regarding your message of earlier today, if IXYS has 12 million shares and its value at the time of last month's merger was about $150 million, then it would seem that a current reasonable per share valuation would be about $12 1/2 (if the market acts reasonably). In such a case, the stock is substantially undervalued.
Even so, IXYS might need a couple of solid quarters to get the attention of the investment community, and the confidence of outside shareholders.
Thanks again for the substantial amount of information that you provided through this PRDM mess, and for your attitude.