Keep in mind guys, the market cap for the firm is only $120 mill (as of now lol!)
Safeguard Sci to recognize an unrealized gain of ~$120 mln upon deconsolidation of its ownership in Clarient (1.00 +0.03) Co announces that it expects to recognize an unrealized gain in income from continuing operations of ~$120 million stemming from a deconsolidation of its holdings in Clarient (CLRT). The gain and corresponding increase in shareholders' equity will be recognized in the current quarter ending June 30, 2009. The deconsolidation is the result of Clarient's recently completed private placement with Oak Investment Partners. The private placement in Clarient reduced Safeguard's ownership position to approximately 47% from approximately 50% at March 31, 2009. There is no cash flow impact from the deconsolidation."
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GREAT CALL DUDE, I GOT 15K WITH YOU. LET'S SEE OW IT TRADES, THAT IS BIG NEWS. NOT REALLY DOING ANYTHING SHORT OR LONG, JUST SITTING ON MY HANDS FOR A LITTLE BIT.
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