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Appliance Recycling Centers of America Inc. Message Board

rural1962 11 posts  |  Last Activity: Dec 15, 2014 9:05 PM Member since: Sep 13, 2003
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  • On Friday 12/12/14. If you Google Dunkirk Fredonia telecom NY PSC you can find the decision. Interesting reading, especially this fact: Purchase Price was $20,254,118. Not bad and confims my view that total enterprise value of LICT is around $200MM

  • Reply to

    Sale Of Company

    by foreverman499 Oct 29, 2014 11:27 AM
    rural1962 rural1962 Nov 14, 2014 2:39 PM Flag

    Both the Boards of CIBL and ICTG met yesterday and authorized increased share buybacks. Since the Boards are somewhat simiiar, you would have to think LICT Board met yesterday as well. Hmmm

  • Reply to

    They paid Cuthbert $750,000 in severance

    by rural1962 Oct 25, 2014 9:14 AM
    rural1962 rural1962 Nov 11, 2014 4:16 PM Flag

    By the way, if Juniper were to propose a new Board of Directors, I think people would be foolish not to consider voting for a change. The present Board is only interested in compensating their mistakes and themselves.

  • rural1962 by rural1962 Nov 3, 2014 4:14 PM Flag

    Now we know who screwed up the sales tax issue

  • Reply to

    Sale Of Company

    by foreverman499 Oct 29, 2014 11:27 AM
    rural1962 rural1962 Nov 1, 2014 1:02 PM Flag

    The second offer was not rejected. Clearly LICT feels if they reject, they need to tell their shareholders. My guess is the buyer is either trying to line up capital, wait for DFT to close or needs to come back with higher bid.

  • Reply to

    Sale Of Company

    by foreverman499 Oct 29, 2014 11:27 AM
    rural1962 rural1962 Nov 1, 2014 12:59 PM Flag

    LICT's response to first offer:

    February 19, 2014 -- LICT Corporation (Pink Sheets: LICT) (“LICT” or the
    “Company”) announced today that it has received an unsolicited, preliminary non-binding
    proposal from an unaffiliated third party to acquire the Company. While the proposed purchase
    price represents a significant premium to LICT’s current trading price, LICT’s Board of
    Directors has determined that the proposed purchase price does not adequately reflect what we
    refer to as the private market value of LICT and has rejected the proposal. While LICT’s main
    focus is on growing the value of our businesses, the Board will carefully review any credible
    offer made to acquire the Company that delivers full value to LICT stockholders. At this time,
    there can be no assurance that any revised proposal will be made or that this or any other
    transaction will be approved or consummated.

    LICT's response to 2nd Offer:
    August 28, 2014 – LICT Corporation (OTC Pink®: LICT) (“LICT” or
    the “Company”) announced today that it has received an unsolicited, preliminary and
    non-binding proposal from an unaffiliated third party to acquire the Company. As with
    an earlier unsolicited proposal which LICT disclosed on February 19, 2014, the current
    proposal represents a significant premium to LICT’s recent trading price. In addition, the
    proposed price is closer to the prevailing financial and marketplace dynamics in LICT’s
    industry than the previous proposal. However, the proposal is also subject to a number of
    contingencies.
    As we noted in disclosing the February acquisition proposal, LICT’s main focus
    continues to be on growing the value of our businesses. The Company’s Board of
    Directors will nonetheless carefully analyze and assess any proposals. On that basis, the
    Board will reach a final determination as to whether the proposed price adequately
    reflects the private market value of LICT and would deliver full value to our
    stockholders.
    If the Board concludes that the

  • Reply to

    Great Ride

    by loydsaenger Oct 31, 2014 8:50 PM
    rural1962 rural1962 Nov 1, 2014 10:47 AM Flag

    Please turn out the lights

  • Reply to

    Sale Of Company

    by foreverman499 Oct 29, 2014 11:27 AM
    rural1962 rural1962 Oct 30, 2014 1:05 PM Flag

    Makes sense. It is clear the offer is still open. They were very vocal last time when they rejected. Something is holding the process up and it could be the DFT sale.

  • Reply to

    3rd quarter earnings

    by foreverman499 Oct 28, 2014 9:45 PM
    rural1962 rural1962 Oct 29, 2014 7:29 AM Flag

    Well, only thing I can say is that means the offer is still open and they are negotiating.

    Im amazed they will have debt under $40MM with close of DFT deal

  • That is absolutely unacceptable. This is outrageous and this Board needs to be voted out. I mean, how much is this Company worth and we pay some loser $750,000 to leave. They should be ashamed of themselves.

    Sentiment: Hold

  • In a market that is correcting and we are being met with silence from LICT's board. I for one still believe that LICT will be sold at over $6500/share. Just not sure when this is going to take place. Lol

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