Thanks to all for posting links to the recent mentions of LDP.
A few comments about the SI public portfolio may be appreciated by readers new to the thread, especially for those that are seeing variances from different sources (sorry to bore the rest of you.) And yeah, LDP does have other businesses. –gg-
The port link is below and in the original message by xcr600.
siliconinvestor.com
First, you can verify this portfolio through SEC filings of the company that LDP holds, or through independent press releases regarding an acquisition. The portfolio is what I have been calling a "pretty darn close" assessment of the holdings since we do not know the precise details of some transactions. Here are some relevant notes concerning the SI portfolio:
CNSW and HYBR: Both are convertible debentures that can be converted at any time by LDP. They are in the SI portfolio for tracking purposes as they currently trade higher than their conversion price (portfolio cost basis).
DCLK: I do not understand the number of shares FBR has in the latest report, 385,756. Apparently it does not account for the 2 for 1 DCLK split early this year.
However, I am certain at least some, if not all, DCLK shares were sold at a higher price last quarter. FBR knows this, but I do not think they intend to reflect the recent sales in their number.
GSPN: iCompression was acquired by GSPN. An assumption was made concerning LDP's ownership interest in iCompression, and consequently the number of shares of GSPN received to arrive at the SI portfolio numbers. FBR in their last report states LDP "has stated the benefit of the sale will not be significant." The assumptions in the SI portfolio show a $14 million gain. I'm not sure what to make of the statement, but I suppose under the circumstances this could be considered not significant. Everyone can decide for themselves.
NUFO: Divided into a taxable and non-taxable portion, since the amounts are rather significant. Here is the link showing in which LDP division the asset is held and the basis for the division in the SI portfolio. Upon review, I recently adjusted the division of shares.
freeedgar.com
RAMP: FBR's number, which is 2,528,368, does not correspond with RAMP’s most recent filing with the SEC. Here is the link and the basis for the SI portfolio number.
freeedgar.com
VTSS: SiTera was acquired by VTSS. The terms of the deal were disclosed in a press release. The separate, and lower, number of shares are indicated because they are shares currently held in escrow pending the finality of the deal. FBR does not include these, but for tracking purposes they are in the SI portfolio
VINA has filed an S-1, and is set to go public in early August.
The rest, EXTN PKTR NETP and SABA are I believe the same numbers as FBR (Analysts at Friedman, Billings, & Ramsey, Co.)
As always, if anyone has any comment, or sees a potential error, please post. |
