Some recent volume yesterday at 92 cents, today (Friday) someone has bought more than 50,000 shares at .92 and has a bid in for another 100,000 at 92 cents. Hope it's Mr. Becker or the gents that will be buying the company's public vehicle and tax loss carryforward. Excess cash may be distributed beforehand.
I hope its Becker but wouldnt be surprised if its not.
I also doubt that anyone interested in mergering with SDIX would be buying. I would think that if anyone was in discussions, they wouldnt be allowed to buy.
Finally, Id be surprised if they distribute any cash. Its value is its cash and its NOLs.
Doesnt even have a nasdaq listing anymore.
Although Im sure they could arrange a nasdaq listing in conjunction with any "deal" they do.
Will be interesting. Ive seen these things drag out for a year or so because highly profitable companies dont grow on trees and if they do find one, both sides have to be happy with the valuation given each side,
To me a failure would be in 12-18 months they give up & distribute the cash. We'd make money but it would be a failure because thats all we'd get is the net cash per share.
A good deal could make us several times our money. Just not easy to find.