Company does not have the decency to put out a blurb to shareholders relating to their future operations, only that they are selling their workplace? Get a rope!
Exactly. #$%$? Are we liquidating? Are we selling the rest of the business?
A gain of $3.5 million on the sale of the building is anticipated. Assuming the gain is fully offset by NOLs, book value per share should go up by about 80 cents, bringing us to $5.40 or so.
I wonder what other hidden assets we have.
I own about 1% of the company.
I'm hopeful that the Henry Partners guy taking a board seat shows that the board will continue to work to maximize shareholder value, at this point.
Vicon plans to move to a smaller building, according to a story in Newsday.