Holocom - the IPO in our back pocket ?
posted on
May 07, 2007 07:41PM
I don't think anyone has mentioned this but don't forget to price this into your risk model
From the 10Q
On
February 2, 2007, the Company invested an aggregate of $370,000 in convertible
preferred stock, representing all of the issued preferred stock and a 46%
ownership interest, of and in SSDI, a California corporation that manufactures
products that protect information transmitted over secure networks
I read this that we own 46% of Holocom. Holocom networks isn't as sexy as a Java chip, but it has a couple of things going for it.
As a new company, it has a clean balance sheet, no PTSC style baggage. Also, SSDI is independent of PTSC. Again no carryover.
So if Mr Burns can build the business and it makes business sense. An IPO could be possible.