% | $
Quotes you view appear here for quick access.

Black Diamond, Inc. Message Board

  • tex7779 tex7779 May 31, 2010 4:53 PM Flag

    Will we see another post weekend surprise from Kanders

    The deal with BDE and Gregory was supposed to close this past Friday, 28-May-2010.

    Hopefully, tomorrow we should see a PR from Kanders and Metcalf telling us that the deal is done and that we will be listed on a regular exchange.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Is this thing trading at all today? I'm showing nothing under CLRS.PK and nothing under BDE. Tex may be right, the four character ticker symbol and all....

    • Well, what do you know. Kanders and Metcalf have come through.

      Here is the PR just in case anyone has missed it.

      Some noteworthy portions of this statement.

      << In connection with the closing of the transactions, the Company expects that it will more likely than not be able to realize a significant portion of its approximately $88.9 million deferred tax asset and therefore will release the related portion of its valuation allowance. As of March 31, 2010, the Company’s net operating loss (“NOL”) carryforwards were approximately $231 million. >>

      Someone here raised the question if the new company, BDE, would be able to take advantage of the big NOL's. Well, they said yes.

      The stock is expected to start trading on the NASDAQ, though the PR says they'll list under the symbol of BDE, I am quite curious though as I thought that the NASDAQ has a four character rule requirement. Minor issue, though.

      Another major news item.

      << The Company plans to file a Current Report on Form 8-K with the Securities and Exchange Commission no later than June 4, 2010 which will include pro forma financial information and historical financial statements of Black Diamond and Gregory as well as other information regarding the transactions and the Company. >>

      I would guess that future / new investors in BDE would want to see some financial data. So, this is good news ( I hope ).

4.95+0.05(+1.02%)11:25 AMEDT