City co investing liquidating trust
City co investing liquidating trust - campbell dating howard naomi terrence
While all these financial thieves don their $150 Armani ties and tell you to stay calm, much like the day after 9/11, you tell people to save themselves.Thanks for keeping it "real" and educating many of us lemmings. I have paid many dollars for education, coaching and stupidity!
• Support a longer run off period to collect milestones or royalties from out-licensed assets – up to three years under Delaware law with ability to extend for longer lived assets.For companies with certain types of illiquid but valuable intellectual property, the liquidating trust’s simplicity and lower cost can make it superior to other alternatives.For example, for a small biotech with drug development programs out licensed to third parties, the liquidating trust can be a cost effective way to collect milestones and royalties for a period of time while open issues are resolved and a transaction can be closed to monetize the licensor interest.Our services do not replace lawyers, investment bankers or accountants, but our involvement can make their work more cost effective.The mechanics of transitioning to a liquidating trust are straightforward, but are not standard fare for these high priced professionals.FAS is now (9/5) .55, up from .41( 2,800%) where Phil strongly recommended it on a day the markets were collapsing and everyone else was panicking.
Compare what Phil was saying live on March 6th (buying with the Dow at 6,500) at the exact same time () as Jim Cramer was calling 5,320 as a possible bottom - 20% lower - adding to the panic for the average viewer.
Praising PSW for enlightenment is a bit akin to praising the Pope for being holy.
I've been reading PSW for about two months now and have learned more about investing technique and the world in general than I've learned from the books and seminars I've paid for.
In the role of liquidating trustee, (beginning before the trust is formed) we administer and manage the liquidating trust to sell remaining assets, settle open contracts, pay creditors and distribute any available funds to the company’s former stockholders. On the contrary, we prefer to be retained early enough in the wind down process to avoid insolvency and transition smoothly from the public entity to the liquidating trust structure.
A liquidating trust is a new legal entity that becomes a successor in interest to the liquidating company at the point the company dissolves and all its assets and liabilities move to the trust.
• Liquidation into a liquidating trust in accordance with Rev. • Continue active research participation in collaborations or other research activities for long periods; • Continue employee benefit programs for long indefinite periods; • Provide a tradable security for unit-holders. It’s our job --- and it’s not a job any executive or employee of a client company sought or signed up for. In an industry where a “successful” company may not sell any products and a majority of programs fail, familiarity helps.