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.
Steven Becker, Chairman of the board at SDOI commented “With the transaction now closed the board of Special Diversified Opportunities Inc. will, as described in our Proxy, undertake a process to determine the best use of the company's cash, public company status and remaining assets, including net tax operating losses. We look forward to creating a beneficial result for all SDIX shareholders."
It's June 7th and the deal's suppose to close by June 30th. No proxy yet....when do we vote? Have our boyz step on our dick AGAIN? Big volume offered at $1. Hmmmm
Every year they take "an extra month" to close Q4 and YTD. They will report in early march. Been this way for 10 They report Q4 & full YTD "one month late" every year. Will report in early March. Nothing to get upset about. Now the results, that's a different story. If Frannie says, "We've hit every milestone" on the teleconference, SELLLLL.
You "hit every milestone" and the stock went from $1.85 to $1. It was great to see you and your management team buying ZERO shares of SDIX stock in 2012. That truly shows how much you believed the manure you were shoveling out to shareholders.
Please don't hit every milestone this year....we can't afford it.
Klaus leaves, BD cancelled its agreement and Frannie continues to "hit every milestone" while the stock drops to $1.
SDIX has $20 million in cash and virtually no debt and a liquidation value at or above the current stock price. Edgar filings state they are spending money to expand plant capabilities.
Mr. Becker owns or controls almost 4 million shares with a total purchase price near 8 million dollars.
Will he sell SDIX (is there anything to sell?), take it private, keep Frannie or replace him?
The only good news here is that Mr. Becker is in the same boat as the rest of the shareholders. In terms of finding a way out of this mess, he controls 20% of the company and is the chairman of the board. So, it's up to him.
Termination of a Material Definitive Agreement.
On November 21, 2012, Strategic Diagnostics Inc. (the “Registrant”) received notice from the BD Diagnostics – Diagnostic Systems business unit of Becton, Dickinson and Company (“BD”) that BD was terminating the Collaboration, License and Supply Agreement, dated as of February 2, 2012, between the Registrant and BD (the “Agreement”). Such termination will be effective on December 21, 2012. BD terminated pursuant to its right under Section 8.2 of the Agreement to terminate for convenience on thirty (30) days notice.
As disclosed in the Registrant’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 8, 2012 (the “Prior 8-K”), under the Agreement, which had a stated term of 10 years, SDIX licensed to BD certain Patent Rights (as defined in the Agreement) and agreed to supply BD with certain proprietary antibodies and media. In addition, SDIX agreed to provide consulting services in support of BD’s efforts regarding product development and regulatory approvals. BD paid SDIX an upfront technology enablement fee of $1,250,000 and agreed to pay up to $2,500,000 contingent upon the occurrence of certain milestones. In addition to such upfront payment for technology enablement, milestone payments and product supply payments for products ordered and delivered, BD also agreed to pay SDIX royalties on sales of certain BD products incorporating the licensed technology. Other than the initial payment from BD, total revenues received to date in 2012 under the Agreement were approximately $200,000.
Thank goodness Frannie and the team have "hit every milestone". Otherwise the stock price might be weak.
At least Frannie and all management and the board of directors are buying up all the SDIX stock they can get their hands on at this bargain price. Oh, wait, I guess no one is. I wonder why?
Happy Thanksgiving to all, including Klaus wherever he is.
Common Stock 10/16/2012 A 75,000 (1) (2)
Explanation of Responses:
1. Consists of shares of common stock underlying performance-based RSUs that vested upon the sale of the Issuer's food safety business, consummated on October 16, 2012.
2. Awarded as employee compensation.
Probably should have given him more, the stock price is great and he definitely keeps the shareholders informed.
Yep, Klaus Lindpainter (CSO and GATman) is gone and no word as to why or as to his replacement. Only answer that makes sense is the final piece of SDIX, Life Sciences, will be sold soon. 13.5 million from Roche plus the net conservative value on the balance sheet means SDIX is worth more than $1.30 a share PLUS what they can get for Life Sciences. So...I'm wrong or the market is... because the stock isn't going up.
Business is NOT about risk taking, it's about quality execution of appropriate strategies and operational goals. Your idea of having the gang that couldn't shoot straight squander the comapny's already hemorrhaging cash is ridiculous.
Mr. Becker must save us (and himself) by finding someone to buy whatever there is of value here.
A block 463,000 traded at $2.00 (12:40 EST). Someone(s) had been buying in size at $2 for awhile. We'll see if Edgar tells us anything early next week.