tag:blogger.com,1999:blog-2149523431587168680.post1221960272474705883..comments2024-01-16T00:12:23.220-05:00Comments on Oddball Stocks: Questions for the Solitron Board of DirectorsNate Tobikhttp://www.blogger.com/profile/05660387777171986124noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2149523431587168680.post-50623557239845550192013-06-17T13:29:48.369-04:002013-06-17T13:29:48.369-04:00Thank you for your significant work Nate. My firm...Thank you for your significant work Nate. My firm owns 2% of SODI - same, disappointing responses as Taylor (above comment) experienced. I can't wait to hear your report re Mr. Safaf's honesty, bluntness and candor. I have high expectations as an owner. I can not make the annual meeting. Please ask the any of the following questions:<br /><br />1. What is your plan to create stockholder value with the $15.1 million of Net Operating Loss Carry-forwards (NOL's)? Are you actively looking to sell or merger the company with more profitable business where the $15.1 million NOL's can be utilized quickly? (Time value of money: Sooner the $15.1 million is utilized = the higher the stock price can go)<br /> A. 10-K states the $15.1 million of NOL's expire through 2031. What are the earliest expiration dates and amounts?<br />2. What is your plan to utilize the $6 million of net cash on the Balance Sheet to increase shareholder value?<br />3. Capital spending: This year you state $500,000 is needed. What are your projections for future capex needs to maintain the business? (Past years' capex = $150,000 to $350,000)<br />4. What was the original philosophy behind creating the "shareholder rights plan?" Will you eliminate it now that the environmental liabilities and restrictions are gone? (I want it removed).<br /><br />Thank you,<br /><br />Bryce Peterson<br />bryce.peterson@washingtonstreetinvestments.comAnonymoushttps://www.blogger.com/profile/12608414630680379999noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-1756393430081137032013-06-17T12:59:36.507-04:002013-06-17T12:59:36.507-04:00- Does the company have succession plans for Mr. S...- Does the company have succession plans for Mr. Saraf?<br /><br />- Does Mr. Saraf have an estate plan for the company or for his shares?<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-80785491262717693002013-06-17T11:07:04.236-04:002013-06-17T11:07:04.236-04:00Hi Nate,
Thanks for typing up this list of questi...Hi Nate,<br /><br />Thanks for typing up this list of questions. Here are the questions I TRIED to ask Saraf last year. He told me they were all insider info. I think maybe some of my questions were naive with respect to that issue but surely not all of them. Apologies if any are redundant given your questions above:<br /><br /> * Is SODI still a potential takeover target?<br /> * Is SODI still interested in merging/acquiring a competitor or vendor?<br /> * Current thinking on R&D? Is this necessary? What could be gained?<br /> * What if gold prices rose significantly? What if copper fell? What can be done to contain materials costs aside from commodity prices falling?<br /> * You have said you haven't spent much time thinking about IR and capital allocation. Have you considered consulting with outside help on this measure?<br /> * Describe your revenue and customers... how much of the revenue is "fixed" or long-term in nature and how much is "variable" and could fluctuate strongly with business conditions?<br /> * Please comment on this: 80% of those former unsecured creditors are current suppliers to the company. <-- how many are shareholders?<br /> * Is MTBF (Mean Time Between Failures) still higher than competitors? What other competitive advantages do you possess?<br /> * What does this company's business look like in 10 years, conservatively speaking? How does the industry look?<br /> * Of the cash on the balance sheet, how much would you say, conservatively, is necessary to finance the current operations? How much is necessary to finance potential growth opportunities? How much of the total could be considered excess capital?<br /> * Tell me about the 2008-2009 time period. What did that period look like business-wise from the eyes of SODI?<br /> * You got rid of your CFO and took those duties on yourself. Why is this?<br /> * What are your plans for yourself as a long-term shareholder of 30% of SODI? Are you interested in seeing the highest market value for those shares possible, within reason, or is it unimportant to you? Do you have heirs you hope to pass the shares onto in time? Is your ownership of the company part of your personal retirement planning?<br /><br />Taylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.com