Author Topic: SYTE - Enterprise Diversified  (Read 243846 times)

stahleyp

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Re: SYTE - Enterprise Diversified
« Reply #730 on: July 03, 2019, 01:53:11 PM »
Not sure what time it was released but markets closed at 1pm today.
Paul


ragnarisapirate

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Re: SYTE - Enterprise Diversified
« Reply #731 on: July 03, 2019, 01:56:31 PM »
Not sure what time it was released but markets closed at 1pm today.

Ok, so I was incorrect on the after hours part of it. Regardless, I didnít buy anything back.

alpha asset strategies

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Re: SYTE - Enterprise Diversified
« Reply #732 on: July 03, 2019, 02:26:23 PM »
Tice Brown appears to be the managing member of Woodmont Lexington, LLC.

https://www.linkedin.com/in/tice-brown-10576850/

https://twitter.com/ticepbrown?lang=en

I can't believe it wouldn't have been more profitable to liquidate the real estate portfolio via auction or some other "fire sale" method.

stahleyp

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Re: SYTE - Enterprise Diversified
« Reply #733 on: July 03, 2019, 02:43:40 PM »
Not sure what time it was released but markets closed at 1pm today.

Ok, so I was incorrect on the after hours part of it. Regardless, I didnít buy anything back.

I feel your pain. My wife thinks I'm incorrect all the time. ;)
Paul

ragnarisapirate

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Re: SYTE - Enterprise Diversified
« Reply #734 on: July 03, 2019, 02:43:43 PM »
Tice Brown appears to be the managing member of Woodmont Lexington, LLC.

https://www.linkedin.com/in/tice-brown-10576850/

https://twitter.com/ticepbrown?lang=en

I can't believe it wouldn't have been more profitable to liquidate the real estate portfolio via auction or some other "fire sale" method.

40 act.

stahleyp

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Re: SYTE - Enterprise Diversified
« Reply #735 on: July 03, 2019, 02:56:20 PM »
Tice Brown appears to be the managing member of Woodmont Lexington, LLC.

https://www.linkedin.com/in/tice-brown-10576850/

https://twitter.com/ticepbrown?lang=en

I can't believe it wouldn't have been more profitable to liquidate the real estate portfolio via auction or some other "fire sale" method.

40 act.

Can you please explain more about what you mean here?
Paul

Drokos

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Re: SYTE - Enterprise Diversified
« Reply #736 on: July 03, 2019, 03:09:22 PM »
What an embarrassing transaction. Management(Steve?) continues to show their complete incompetence. A great sweet heart deal for a friend. I know real estate investors in Lexington that would have paid much more for that deal, it's a shame they didn't maximize the value for shareholders.


Ballinvarosig Investors

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Re: SYTE - Enterprise Diversified
« Reply #737 on: July 03, 2019, 03:21:00 PM »
The cynical attempt to hide this news tells you all you need to know about this management team.

ragnarisapirate

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Re: SYTE - Enterprise Diversified
« Reply #738 on: July 03, 2019, 03:22:36 PM »
Tice Brown appears to be the managing member of Woodmont Lexington, LLC.

https://www.linkedin.com/in/tice-brown-10576850/

https://twitter.com/ticepbrown?lang=en

I can't believe it wouldn't have been more profitable to liquidate the real estate portfolio via auction or some other "fire sale" method.

40 act.

Can you please explain more about what you mean here?

Sure. There is a law called the 40 act that has lots of requirements for investment companies. If you have more than 40% of your assets in securities (but not t bills and cash) you have to do an ungodly amount of reporting and such. It would destroy most companies. There is an exemption you get for like a year, every 3 years. You can read about it in the SYTE 10k and do a google search on it. Prolly did some good things back when it was passed (just like limitations on hedge fund investors from back in the day). But both have waaaaayyyy outlived their usefulness and intent.

Itís a shame that it is the way it is. Keeps there from being a lot of value created.
« Last Edit: July 03, 2019, 03:24:49 PM by ragnarisapirate »

ragnarisapirate

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Re: SYTE - Enterprise Diversified
« Reply #739 on: July 03, 2019, 03:27:49 PM »
The cynical attempt to hide this news tells you all you need to know about this management team.

Or, they wanted to give the market a way (and time) to digest the info and react appropriately. Personally, I think itís kind of shitty to release significant in the middle of a market day when someone may have a limit sell or buy order, and the person on the other end of the trade reads a filing and does a back of the envelope calculation quicker than them.