IntrinsicEdge Posted July 26, 2017 Share Posted July 26, 2017 Agree that I did not see anything new in the Q2 release either. Guess I don't know what is driving the price either but it has been on heavier volume (20 shares vs ~10 avg, huge :) ). Maybe someone is expecting more from the $STRP liquidation. I briefly looked at that and while it may add a bit to the value it would not account for this move. Could someone be speculating on a buy out? Wondering whether to wait around to find out or exiting while there is a bit of liquidity. Link to comment Share on other sites More sharing options...
wknecht Posted August 3, 2017 Share Posted August 3, 2017 I sold my shares yesterday. Has been a nice ride, but I feel like the price is exceeding my knowledge of the company and its prospects. Link to comment Share on other sites More sharing options...
wknecht Posted August 3, 2017 Share Posted August 3, 2017 I would add that it still strikes me that they could comfortably add 2 or 3 turns of leverage in a dividend recap. Link to comment Share on other sites More sharing options...
mbrock77 Posted August 3, 2017 Author Share Posted August 3, 2017 So, in my Schwab acct, my LICT position was renamed this morning to "2455963 - 1/10 Lict Corp" and looks to be untradable. I don't see this in my IB acct, which also owns the stock. Anyone else seeing this and does it mean anything? UPDATE: Answer from Schwab: they can't handle electronic trading of stocks with prices in the five-figures, so I now have to call them to trade it. Link to comment Share on other sites More sharing options...
Hielko Posted August 3, 2017 Share Posted August 3, 2017 Lol, why wouldn't that be possible electronic?!?!? Link to comment Share on other sites More sharing options...
Jurgis Posted August 3, 2017 Share Posted August 3, 2017 Lol, why wouldn't that be possible electronic?!?!? Someone wrote a crappy program that does not support more than four figures in the price... Link to comment Share on other sites More sharing options...
mbrock77 Posted September 19, 2017 Author Share Posted September 19, 2017 A non-update update on the STRP spectrum. I guess they are getting a lot of queries: http://lictcorp.com/2017/09/19/update-on-licts-investment-with-ptpms-communications-inc/ Link to comment Share on other sites More sharing options...
mbrock77 Posted September 19, 2017 Author Share Posted September 19, 2017 Well, Gabelli seems excited (is this the first time he has tweeted about LICT?) Link to comment Share on other sites More sharing options...
mbrock77 Posted July 18, 2018 Author Share Posted July 18, 2018 Quite the quarter: http://lictcorp.com/2018/07/18/lict-corporation-reports-second-quarter-2018-results/ Link to comment Share on other sites More sharing options...
KJP Posted March 19, 2020 Share Posted March 19, 2020 https://www.businesswire.com/news/home/20200319005466/en/LICT-Corporation-Closes-New-50-Million-Revolving/?feedref=JjAwJuNHiystnCoBq_hl-cgirDCILqEKr_G6FnCB4juIlGA7NBCjGPFNaaihzP-l7dI9_69nqXXndEkzoNy31peBvhKXN8xoKDPrCnMXhC58cMd5Jhr97vTYoLZQbGkS8kO5_1Q98wBQ99OUsd6C6Q== The press release says: "LICT Corporation (“LICT” or the “Company”; OTC Pink ®: LICT) has borrowed the entire $50 million under its revolving credit facility with CoBank. The addition of the $50 million in new borrowings increases LICT’s pro-forma gross cash balance to just under $90 million with net cash of $76 million." How do you draw $50 million from a credit line (thus creating $50 million in new debt) to get to $90 million in gross cash, but also have $76 million in "net cash," which I assume means cash minus debt? If your gross cash is actually $90 million, wouldn't your max "net cash" be $40 million (90 - 50)? More broadly, how does drawing on a credit line have any immediate effect on "net cash"? Link to comment Share on other sites More sharing options...
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