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ModusLink Global Solutions, Inc. Message Board

  • cmgi567 cmgi567 Nov 25, 2013 8:02 PM Flag

    Lawler 2nd

    This management seems to be the same as the old! No P/R, lack of information to stockholders and no notice of quarterly report dates till mandatory. If anybody knows or hears anything about this company please let us know. We sure as heck are getting nothing from this management.

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    • If they follow the same script they did with the 4th quarter/annual report, they will just release the Q1 report at the last minute without a cc or advance notice. I believe that the last day for filing would be Dec. 10th, so we've got a week to go. I think that because the trading volume and interest in this stock is so low, it's possible for someone to push (I was going to say manipulate) the price around, but there are other possibilities.

      Fiscal Q1 ended Oct31, and remember that Steel revealed in an SEC filing on Oct28 that they had secured a $50M revolving line of credit from PNC [dated 10/23] secured by their MLNK securities holdings, with which they could POSSIBLY do an acquisition to fold into MLNK. The idea, of course, would be to use their NOLs to shield income and thus realize their value. Go to the MLNK headlines and read the Oct26 SA article, "ModusLink: An Operational Turnaround, A Big Hidden Asset, An Activist, And A Low Valuation", which makes many of these points.

      I'm not sure whether Steel is holding its cards close to the vest not wanting competitors to know what it's up to, or whether it's their management style to keep their shareholders in the dark, but I suspect that the wheels are turning behind the scenes and we'll eventually find out what they're up to. One other possible venue for information would be the annual meeting Dec18, if anyone is attending... And, of course, they could always do a cc at some point in the future.

      all IMHO.

    • management r working for the hedge funds that appointed them. y should they care about u and me? whatever they know the hedge funds know

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