okanagan singles dating - Capital liquidating

Pursuant to the Plan of Liquidation, the Company has filed with the State of Maryland all documents required to convert the Company into a Maryland statutory trust. Upon the Conversion, each outstanding share of common stock of the Company will be converted into and exchanged for one unit of beneficial interest of Crossroads Liquidating Trust and all physical certificates representing common stock of the Company will become null and void. will no longer serve as the transfer agent for the Company and American Stock Transfer & Trust Company, LLC (“AST”) will be the distribution agent for Crossroads Liquidating Trust.Registered shareholders are encouraged to contact AST at (800) 937-5449 or (718) 921-8124 to confirm their contact information for the timely receipt of any liquidating distribution.This is pro-forma for their sale of Silk Road (post 12/31/2016).

Now I do not have a position on what Zoosk should be valued but at least the board deemed it worth increasing the value of the private assets between 9/30/2016 and 12/31/2016 (from $2.7mm to $3.3mm).

That is a good sign and likely means the asset is not terribly impaired. The company currently has several proposals out for vote to shareholders: If Proposals 1 and 3 are approved, the company plans for a swift distribution of $1.60 after conversion to a liquidating trust.

This will further put a floor on valuation as even more risk is taken off the table.

I expect it likely that the proposals will be approved. Summary Crossroads Capital is a BDC that is liquidating and winding down.

The exciting thing about Crossroads Capital is that in most scenarios, investors are at least made whole.

My "downside" scenario is a 1.5 year time to liquidate at 0k per quarter and a 75% haircut on private asset valuations (excluding Metabolon which I value at a small discount to the sale done in November of 2016).The Company’s special meeting of stockholders was convened on June 2, 2017.Shareholders approved the Company’s withdrawal of its election to be regulated as a business development company under the Investment Company Act of 1940.On June 23, 2017, the Company was converted into Crossroads Liquidating Trust with the sole purpose of liquidating its assets and distributing the proceeds to the Trust beneficiaries. Crossroads Capital has been selling off its portfolio and will likely make

My "downside" scenario is a 1.5 year time to liquidate at $500k per quarter and a 75% haircut on private asset valuations (excluding Metabolon which I value at a small discount to the sale done in November of 2016).The Company’s special meeting of stockholders was convened on June 2, 2017.Shareholders approved the Company’s withdrawal of its election to be regulated as a business development company under the Investment Company Act of 1940.On June 23, 2017, the Company was converted into Crossroads Liquidating Trust with the sole purpose of liquidating its assets and distributing the proceeds to the Trust beneficiaries. Crossroads Capital has been selling off its portfolio and will likely make $1.60 distribution in June.In total, the NAV is $2.95 versus a current price of $2.16 leaving ~36% upside.

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My "downside" scenario is a 1.5 year time to liquidate at $500k per quarter and a 75% haircut on private asset valuations (excluding Metabolon which I value at a small discount to the sale done in November of 2016).

The Company’s special meeting of stockholders was convened on June 2, 2017.

Shareholders approved the Company’s withdrawal of its election to be regulated as a business development company under the Investment Company Act of 1940.

On June 23, 2017, the Company was converted into Crossroads Liquidating Trust with the sole purpose of liquidating its assets and distributing the proceeds to the Trust beneficiaries.

Crossroads Capital has been selling off its portfolio and will likely make $1.60 distribution in June.

In total, the NAV is $2.95 versus a current price of $2.16 leaving ~36% upside.

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My "downside" scenario is a 1.5 year time to liquidate at $500k per quarter and a 75% haircut on private asset valuations (excluding Metabolon which I value at a small discount to the sale done in November of 2016).

The Company’s special meeting of stockholders was convened on June 2, 2017.

Shareholders approved the Company’s withdrawal of its election to be regulated as a business development company under the Investment Company Act of 1940.

On June 23, 2017, the Company was converted into Crossroads Liquidating Trust with the sole purpose of liquidating its assets and distributing the proceeds to the Trust beneficiaries.

.60 distribution in June.In total, the NAV is .95 versus a current price of .16 leaving ~36% upside.

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